Company registration number 12991888 (England and Wales)
Triton Project Solutions Ltd
Unaudited
financial statements
for the year ended 31 March 2024
PAGES FOR FILING WITH REGISTRAR
Triton Project Solutions Ltd
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 4
Triton Project Solutions Ltd
Statement of financial position
as at 31 March 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
479,305
641,104
Current assets
Debtors
4
1,774,531
913,259
Cash at bank and in hand
11,302
125,543
1,785,833
1,038,802
Creditors: amounts falling due within one year
5
(1,463,352)
(1,134,480)
Net current assets/(liabilities)
322,481
(95,678)
Net assets
801,786
545,426
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss reserves
800,786
544,426
Total equity
801,786
545,426

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 27 June 2024 and are signed on its behalf by:
J Pashley
Director
Company registration number 12991888 (England and Wales)
Triton Project Solutions Ltd
Notes to the Financial Statements
for the year ended 31 March 2024
- 2 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Turnover

Turnover represents the total invoice value, excluding value added tax, of sales made during the period and derives from the provision of goods falling within the company's ordinary activities. Turnover is recognised upon the provision of services.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
10% - 33.3% Straight line basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

Triton Project Solutions Ltd
Notes to the Financial Statements (continued)
for the year ended 31 March 2024
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
10
8
3
Tangible fixed assets
Plant and equipment
£
Cost
At 1 April 2023 and 31 March 2024
954,061
Depreciation and impairment
At 1 April 2023
312,957
Depreciation charged in the year
161,799
At 31 March 2024
474,756
Carrying amount
At 31 March 2024
479,305
At 31 March 2023
641,104
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
1,323,584
808,613
Other debtors
159,834
46,780
Prepayments and accrued income
291,113
57,866
1,774,531
913,259
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
1,025,948
292,448
Corporation tax
202,576
28,229
Other taxation and social security
3,211
50,500
Other creditors
210,045
685,062
Accruals and deferred income
21,572
78,241
1,463,352
1,134,480
Triton Project Solutions Ltd
Notes to the Financial Statements (continued)
for the year ended 31 March 2024
- 4 -
6
Parent company

The parent company is Foxwood Limited, a company incorporated in England and Wales, whose registered office is Templar House, 1 Sandbeck Court, Sandbeck Way, Wetherby, West Yorkshire, England, LS22 7BA.

7
Company information

Triton Project Solutions Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Templar House, 1 Sandbeck Court, Sandbeck Way, Wetherby, West Yorkshire, LS22 7BA.

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