2023-04-012024-03-312024-03-31false13265618TRIPP IFA CONSULTANCY 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TRIPP IFA CONSULTANCY LTD

Registered Number
13265618
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

TRIPP IFA CONSULTANCY LTD
Company Information
for the year from 1 April 2023 to 31 March 2024

Director

TRIPP, Stephen

Registered Address

Unit 1, Pearl Assurance House
Elbow Lane
Tavistock
PL19 0BG

Registered Number

13265618 (England and Wales)
TRIPP IFA CONSULTANCY LTD
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3381452
381452
Current assets
Debtors7281,460
Cash at bank and on hand23,01120,849
23,73922,309
Creditors amounts falling due within one year4(12,436)(9,090)
Net current assets (liabilities)11,30313,219
Total assets less current liabilities11,68413,671
Net assets11,68413,671
Capital and reserves
Called up share capital100100
Profit and loss account11,58413,571
Shareholders' funds11,68413,671
The financial statements were approved and authorised for issue by the Director on 5 November 2024, and are signed on its behalf by:
TRIPP, Stephen
Director
Registered Company No. 13265618
TRIPP IFA CONSULTANCY LTD
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 April 231,229
Additions509
At 31 March 241,738
Depreciation and impairment
At 01 April 23778
Charge for year579
At 31 March 241,357
Net book value
At 31 March 24381
At 31 March 23452
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables106-
Taxation and social security11,5129,065
Other creditors81825
Total12,4369,090
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.