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Company Registration No. 06534930 (England and Wales)
Ni Tri Limited Unaudited accounts for the year ended 31 March 2024
Ni Tri Limited Unaudited accounts Contents
Page
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Ni Tri Limited Company Information for the year ended 31 March 2024
Directors
Dafydd Joseph Evans Rhian Margaret Eira Whitfield Ffion Mair Wilson
Company Number
06534930 (England and Wales)
Registered Office
Gwesty'r Marine Hotel Marine Terrace Aberystwyth Ceredigion SY23 2DA Wales
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Ni Tri Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,880,067 
6,763,673 
Current assets
Inventories
10,500 
10,500 
Debtors
192,331 
54,395 
Cash at bank and in hand
100,649 
228,140 
303,480 
293,035 
Creditors: amounts falling due within one year
(741,316)
(724,830)
Net current liabilities
(437,836)
(431,795)
Total assets less current liabilities
6,442,231 
6,331,878 
Creditors: amounts falling due after more than one year
(1,594,501)
(1,758,679)
Provisions for liabilities
Deferred tax
(100,524)
(73,173)
Net assets
4,747,206 
4,500,026 
Capital and reserves
Called up share capital
4 
4 
Profit and loss account
4,747,202 
4,500,022 
Shareholders' funds
4,747,206 
4,500,026 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 October 2024 and were signed on its behalf by
Dafydd Joseph Evans Director Company Registration No. 06534930
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Ni Tri Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Ni Tri Limited is a private company, limited by shares, registered in England and Wales, registration number 06534930. The registered office is Gwesty'r Marine Hotel, Marine Terrace, Aberystwyth, Ceredigion, SY23 2DA, Wales.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
No depreciation
Plant & machinery
20% reducing balance
Motor vehicles
25% reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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Ni Tri Limited Notes to the Accounts for the year ended 31 March 2024
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Going concern
These accounts have been prepared on a going concern basis.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
6,470,983 
1,071,647 
48,735 
7,591,365 
Additions
6,990 
189,242 
- 
196,232 
At 31 March 2024
6,477,973 
1,260,889 
48,735 
7,787,597 
Depreciation
At 1 April 2023
- 
785,826 
41,866 
827,692 
Charge for the year
- 
78,121 
1,717 
79,838 
At 31 March 2024
- 
863,947 
43,583 
907,530 
Net book value
At 31 March 2024
6,477,973 
396,942 
5,152 
6,880,067 
At 31 March 2023
6,470,983 
285,821 
6,869 
6,763,673 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
42,334 
32,428 
Accrued income and prepayments
- 
12,047 
Other debtors
149,997 
9,920 
192,331 
54,395 
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Ni Tri Limited Notes to the Accounts for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
179,335 
184,000 
VAT
85,246 
27,065 
Trade creditors
86,506 
86,834 
Taxes and social security
82,388 
79,060 
Other creditors
9,536 
9,930 
Loans from directors
203,777 
330,591 
Accruals
59,029 
6,000 
Deferred income
35,499 
1,350 
741,316 
724,830 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
1,594,501 
1,758,679 
8
Loans to directors
As at the balance sheet the company owed its directors £203,777 (2023: £330,592). No interest is charged and the amount is repayable in full on demand.
9
Average number of employees
During the year the average number of employees was 45 (2023: 36).
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