IRIS Accounts Production v24.2.0.383 03693573 Board of Directors Board of Directors Board of Directors 1.3.23 29.2.24 29.2.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh036935732023-02-28036935732024-02-29036935732023-03-012024-02-29036935732022-02-28036935732022-03-012023-02-28036935732023-02-2803693573ns15:EnglandWales2023-03-012024-02-2903693573ns14:PoundSterling2023-03-012024-02-2903693573ns10:Director12023-03-012024-02-2903693573ns10:Director22023-03-012024-02-2903693573ns10:Director32023-03-012024-02-2903693573ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2903693573ns10:SmallEntities2023-03-012024-02-2903693573ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2903693573ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2903693573ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2903693573ns10:FullAccounts2023-03-012024-02-2903693573ns10:Director42023-03-012024-02-2903693573ns10:Director52023-03-012024-02-2903693573ns10:Director62023-03-012024-02-2903693573ns10:RegisteredOffice2023-03-012024-02-2903693573ns5:CurrentFinancialInstruments2024-02-2903693573ns5:CurrentFinancialInstruments2023-02-2803693573ns5:Non-currentFinancialInstruments2024-02-2903693573ns5:Non-currentFinancialInstruments2023-02-2803693573ns5:ShareCapital2024-02-2903693573ns5:ShareCapital2023-02-2803693573ns5:SharePremium2024-02-2903693573ns5:SharePremium2023-02-2803693573ns5:CapitalRedemptionReserve2024-02-2903693573ns5:CapitalRedemptionReserve2023-02-2803693573ns5:RetainedEarningsAccumulatedLosses2024-02-2903693573ns5:RetainedEarningsAccumulatedLosses2023-02-2803693573ns5:PlantMachinery2023-03-012024-02-2903693573ns5:MotorVehicles2023-03-012024-02-2903693573ns5:LongLeaseholdAssetsns5:LandBuildings2023-02-2803693573ns5:PlantMachinery2023-02-2803693573ns5:MotorVehicles2023-02-2803693573ns5:LongLeaseholdAssetsns5:LandBuildings2023-03-012024-02-2903693573ns5:LongLeaseholdAssetsns5:LandBuildings2024-02-2903693573ns5:PlantMachinery2024-02-2903693573ns5:MotorVehicles2024-02-2903693573ns5:LongLeaseholdAssetsns5:LandBuildings2023-02-2803693573ns5:PlantMachinery2023-02-2803693573ns5:MotorVehicles2023-02-2803693573ns5:WithinOneYearns5:CurrentFinancialInstruments2024-02-2903693573ns5:WithinOneYearns5:CurrentFinancialInstruments2023-02-2803693573ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2024-02-2903693573ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2023-02-28
REGISTERED NUMBER: 03693573 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Tripleshield Property Maintenance
Limited

Tripleshield Property Maintenance
Limited (Registered number: 03693573)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


Tripleshield Property Maintenance
Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: Miss J Smith
T R Thompson
C Martin





REGISTERED OFFICE: 6 Arcot Court
Nelson Road
Nelson Park West
Cramlington
Northumberland
NE23 1BB





REGISTERED NUMBER: 03693573 (England and Wales)

Tripleshield Property Maintenance
Limited (Registered number: 03693573)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 49,010 52,833

CURRENT ASSETS
Stocks 40,385 36,798
Debtors 6 1,311,786 1,105,719
Cash at bank 8,246 143,932
1,360,417 1,286,449
CREDITORS
Amounts falling due within one year 7 348,612 354,835
NET CURRENT ASSETS 1,011,805 931,614
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,060,815

984,447

CREDITORS
Amounts falling due after more than one
year

8

122,503

132,503
NET ASSETS 938,312 851,944

CAPITAL AND RESERVES
Called up share capital 24 24
Share premium 69,976 69,976
Capital redemption reserve 76 76
Retained earnings 868,236 781,868
SHAREHOLDERS' FUNDS 938,312 851,944

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Tripleshield Property Maintenance
Limited (Registered number: 03693573)

Balance Sheet - continued
29 February 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 September 2024 and were signed on its behalf by:




T Thompson - Director Ms J Smith - Director




C Martin - Director


Tripleshield Property Maintenance
Limited (Registered number: 03693573)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Tripleshield Property maintenance Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 03693573 and registered office address is 6 Arcot Court, Nelson Road, Nelson Park West, Cramlington, Northumberland, NE23 1BB.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in sterling, which is the functioning currency of the company. monetary amounts in these financial statements are rounded to the nearest £.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on cost
Motor vehicles - 25% on cost

Tangible assets are initially measured at cost and subsequently stated at cost less any accumulated depreciation and impairment losses.

Work in progress
Work in progress is valued at cost, including materials, labour and subcontractor costs.

.

Financial instruments
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of the liabilities.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Operating leases
Lease payments are recognised as an expense over the lease term on straight line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term on a straight line basis.

Tripleshield Property Maintenance
Limited (Registered number: 03693573)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

3. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 10 ) .

5. TANGIBLE FIXED ASSETS
Long Plant and Motor
leasehold machinery vehicles Totals
£    £    £    £   
COST
At 1 March 2023 31,345 38,977 38,720 109,042
Additions - 2,312 - 2,312
At 29 February 2024 31,345 41,289 38,720 111,354
DEPRECIATION
At 1 March 2023 - 36,849 19,360 56,209
Charge for year - 1,295 4,840 6,135
At 29 February 2024 - 38,144 24,200 62,344
NET BOOK VALUE
At 29 February 2024 31,345 3,145 14,520 49,010
At 28 February 2023 31,345 2,128 19,360 52,833

6. DEBTORS
29.2.24 28.2.23
£    £   
Amounts falling due within one year:
Trade debtors 606,172 405,817
Other debtors 6,689 977
612,861 406,794

Amounts falling due after more than one year:
Other debtors 698,925 698,925

Aggregate amounts 1,311,786 1,105,719

Tripleshield Property Maintenance
Limited (Registered number: 03693573)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 9,997 9,997
Trade creditors 202,255 122,581
Taxation and social security 134,774 112,759
Other creditors 1,586 109,498
348,612 354,835

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans 14,170 24,170
Creditors > 1 year 108,333 108,333
122,503 132,503

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 14,170 24,170