Registered number
10559316
Tricon Construction Ltd
Filleted Accounts
31 January 2024
Tricon Construction Ltd
Registered number: 10559316
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 14,762 18,600
Current assets
Debtors 4 3,093 4,416
Cash at bank and in hand 303 18,817
3,396 23,233
Creditors: amounts falling due within one year 5 (24,102) (16,140)
Net current (liabilities)/assets (20,706) 7,093
Total assets less current liabilities (5,944) 25,693
Creditors: amounts falling due after more than one year 6 (16,252) (23,198)
Net (liabilities)/assets (22,196) 2,495
Capital and reserves
Called up share capital 2 2
Profit and loss account (22,198) 2,493
Shareholders' funds (22,196) 2,495
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J Towey
Director
Approved by the board on 23 October 2024
Tricon Construction Ltd
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 February 2023 13,784 18,900 32,684
Additions 707 375 1,082
At 31 January 2024 14,491 19,275 33,766
Depreciation
At 1 February 2023 6,259 7,825 14,084
Charge for the year 2,058 2,862 4,920
At 31 January 2024 8,317 10,687 19,004
Net book value
At 31 January 2024 6,174 8,588 14,762
At 31 January 2023 7,525 11,075 18,600
4 Debtors 2024 2023
£ £
Trade debtors 2,528 3,146
Prepayments 565 1,270
3,093 4,416
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 512 1,793
Directors Account JA 13,847 5,567
Accruals 1,200 -
VAT owed 2,382 6,867
PAYE & CIS 6,161 1,913
24,102 16,140
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 16,252 23,198
7 Other information
Tricon Construction Ltd is a private company limited by shares and incorporated in England. Its registered office is:
83 Edwards Street
Denton
Manchester
England
M34 3BS
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