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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
Page
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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
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Trinity Precision Engineering Ltd Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,406,300 
3,453,698 
Current assets
Inventories
400,630 
378,600 
Debtors
666,294 
825,976 
Cash at bank and in hand
20,914 
1,446 
1,087,838 
1,206,022 
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)
Net assets
207,762 
55,765 
Capital and reserves
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
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Trinity Precision Engineering Ltd Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
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.
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:
Plant & machinery
15% RB
Fixtures & fittings
25% RB
Computer equipment
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 
Depreciation
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 
Net book value
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 
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Trinity Precision Engineering Ltd Notes to the Accounts for the year ended 31 July 2024
5
Debtors
2024 
2023 
£ 
£ 
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 
666,294 
825,976 
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 
Accruals
1,750 
8,050 
2,091,134 
2,788,178 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
237,089 
64,467 
Obligations under finance leases and hire purchase contracts
958,153 
1,547,974 
1,195,242 
1,612,441 
8
Average number of employees
During the year the average number of employees was 28 (2023: 28).
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