Company Registration No. 08523037 (England and Wales)
Trinity Precision Engineering Ltd
Unaudited accounts
for the year ended 31 July 2024
Trinity Precision Engineering Ltd
Unaudited accounts
Contents
Trinity Precision Engineering Ltd
Company Information
for the year ended 31 July 2024
Directors
Vickie Henderson
Carl Buckley
Company Number
08523037 (England and Wales)
Registered Office
Unit B10 Hamar Close Hamar Close
Tyne Tunnel Trading Estate
North Shields
NE29 7XB
United Kingdom
Accountants
The Accounts Dept NE Ltd
G21, The Avenues
Eleventh Avenue, Team Valley Trading Est
Gateshead
Tyne & Wear
NE11 0NJ
Trinity Precision Engineering Ltd
Statement of financial position
as at 31 July 2024
Tangible assets
2,406,300
3,453,698
Inventories
400,630
378,600
Cash at bank and in hand
20,914
1,446
Creditors: amounts falling due within one year
(2,091,134)
(2,788,178)
Net current liabilities
(1,003,296)
(1,582,156)
Total assets less current liabilities
1,403,004
1,871,542
Creditors: amounts falling due after more than one year
(1,195,242)
(1,612,441)
Provisions for liabilities
Other provisions
-
(203,336)
Called up share capital
4
4
Profit and loss account
207,758
55,761
Shareholders' funds
207,762
55,765
For the year ending 31 July 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 21 October 2024 and were signed on its behalf by
Carl Buckley
Director
Company Registration No. 08523037
Trinity Precision Engineering Ltd
Notes to the Accounts
for the year ended 31 July 2024
Trinity Precision Engineering Ltd is a private company, limited by shares, registered in England and Wales, registration number 08523037. The registered office is Unit B10 Hamar Close Hamar Close, Tyne Tunnel Trading Estate, North Shields, NE29 7XB, United Kingdom.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Fixtures & fittings
25% RB
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 August 2023
5,461,355
20,089
25,043
36,797
5,543,284
Additions
-
-
-
3,151
3,151
Disposals
(853,255)
(20,089)
-
-
(873,344)
At 31 July 2024
4,608,100
-
25,043
39,948
4,673,091
At 1 August 2023
2,053,800
15,974
13,233
6,579
2,089,586
Charge for the year
418,662
-
2,953
8,342
429,957
On disposals
(236,778)
(15,974)
-
-
(252,752)
At 31 July 2024
2,235,684
-
16,186
14,921
2,266,791
At 31 July 2024
2,372,416
-
8,857
25,027
2,406,300
At 31 July 2023
3,407,555
4,115
11,810
30,218
3,453,698
Trinity Precision Engineering Ltd
Notes to the Accounts
for the year ended 31 July 2024
Amounts falling due within one year
Trade debtors
515,109
624,123
Amounts due from group undertakings etc.
106,814
157,553
Other debtors
44,371
44,300
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
88,273
42,552
Obligations under finance leases and hire purchase contracts
336,995
1,215,224
Trade creditors
246,987
307,436
Taxes and social security
935,267
709,071
Other creditors
478,376
460,726
Loans from directors
3,486
45,119
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
958,153
1,547,974
8
Average number of employees
During the year the average number of employees was 28 (2023: 28).