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REGISTERED NUMBER: 12022356 (England and Wales)














Unaudited Financial Statements

for the period

1 September 2022 to 31 January 2024

for

TRINITY AGTECH LIMITED

TRINITY AGTECH LIMITED (REGISTERED NUMBER: 12022356)

Contents of the Financial Statements
for the period 1 September 2022 to 31 January 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


TRINITY AGTECH LIMITED

Company Information
for the period 1 September 2022 to 31 January 2024







Director: Dr H Khajeh-Hosseiny





Registered office: New Derwent House
69-73 Theobalds Road
London
WC1X 8TA





Registered number: 12022356 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

TRINITY AGTECH LIMITED (REGISTERED NUMBER: 12022356)

Statement of Financial Position
31 January 2024

2024 2022
Notes £    £    £    £   
Fixed assets
Intangible assets 4 58,910 71,916
Tangible assets 5 15,072 11,988
73,982 83,904

Current assets
Debtors 6 134,671 142,461
Cash at bank 35,347 5,007
170,018 147,468
Creditors
Amounts falling due within one year 7 136,636 345,996
Net current assets/(liabilities) 33,382 (198,528 )
Total assets less current liabilities 107,364 (114,624 )

Provisions for liabilities 8 2,864 2,278
Net assets/(liabilities) 104,500 (116,902 )

Capital and reserves
Called up share capital 9 7,130,200 3,800,200
Retained earnings (7,025,700 ) (3,917,102 )
Shareholders' funds 104,500 (116,902 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 June 2024 and were signed by:





Dr H Khajeh-Hosseiny - Director


TRINITY AGTECH LIMITED (REGISTERED NUMBER: 12022356)

Notes to the Financial Statements
for the period 1 September 2022 to 31 January 2024


1. Statutory information

Trinity AgTech Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. Accounting policies

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

The financial statements have been prepared on the going concern basis due to the ongoing financial from the director, Dr Dr H Khajeh-Hosseiny.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer & office equipment - 20% on cost

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.


TRINITY AGTECH LIMITED (REGISTERED NUMBER: 12022356)

Notes to the Financial Statements - continued
for the period 1 September 2022 to 31 January 2024


2. Accounting policies - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

3. Employees and directors

The average number of employees during the period was 13 (2022 - 10 ) .

4. Intangible fixed assets
Development
costs
£   
Cost
At 1 September 2022
and 31 January 2024 91,808
Amortisation
At 1 September 2022 19,892
Amortisation for period 13,006
At 31 January 2024 32,898
Net book value
At 31 January 2024 58,910
At 31 August 2022 71,916

TRINITY AGTECH LIMITED (REGISTERED NUMBER: 12022356)

Notes to the Financial Statements - continued
for the period 1 September 2022 to 31 January 2024


5. Tangible fixed assets
Computer
& office
equipment
£   
Cost
At 1 September 2022 19,043
Additions 9,592
At 31 January 2024 28,635
Depreciation
At 1 September 2022 7,055
Charge for period 6,508
At 31 January 2024 13,563
Net book value
At 31 January 2024 15,072
At 31 August 2022 11,988

6. Debtors: amounts falling due within one year
2024 2022
£    £   
Trade debtors 133,421 30,775
Other debtors 1,250 111,686
134,671 142,461

7. Creditors: amounts falling due within one year
2024 2022
£    £   
Trade creditors 105,067 77,313
Taxation and social security 15,632 -
Other creditors 15,937 268,683
136,636 345,996

8. Provisions for liabilities
2024 2022
£    £   
Deferred tax 2,864 2,278

Deferred
tax
£   
Balance at 1 September 2022 2,278
Charge to Statement of Income and Retained Earnings during period 586
Balance at 31 January 2024 2,864

TRINITY AGTECH LIMITED (REGISTERED NUMBER: 12022356)

Notes to the Financial Statements - continued
for the period 1 September 2022 to 31 January 2024


9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2022
value: £    £   
3,800,200 Ordinary 1 7,130,200 3,800,200

3,330,000 Ordinary shares of 1 each were allotted and fully paid for cash at par during the period.

10. Related party disclosures

The company is a wholly owned subsidiary of Trinity Natural Capital Group Limited.

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.