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REGISTERED NUMBER: 01648856 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Tri-Cast Composite Tubes Limited

Tri-Cast Composite Tubes Limited (Registered number: 01648856)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Tri-Cast Composite Tubes Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: J R Harris
S E Michaels
Mrs J L Harris
Mrs L Michaels





SECRETARY: J R Harris





REGISTERED OFFICE: Watson Works
Duke Street
Rochdale
Lancashire
OL12 0LT





REGISTERED NUMBER: 01648856 (England and Wales)





ACCOUNTANTS: PKW LLP Chartered Accountants
Cloth Hall
150 Drake Street
Rochdale
Lancashire
OL16 1PX

Tri-Cast Composite Tubes Limited (Registered number: 01648856)

Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 258,159 258,690

CURRENT ASSETS
Stocks and Work in Progress 154,709 152,506
Debtors 5 202,314 233,388
Cash at bank and in hand 3,891,139 3,624,686
4,248,162 4,010,580
CREDITORS
Amounts falling due within one year 6 262,673 278,884
NET CURRENT ASSETS 3,985,489 3,731,696
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,243,648

3,990,386

PROVISIONS FOR LIABILITIES 48,711 48,711
NET ASSETS 4,194,937 3,941,675

CAPITAL AND RESERVES
Called up share capital 12 12
Revaluation reserve 7 130,731 130,731
Retained earnings 4,064,194 3,810,932
SHAREHOLDERS' FUNDS 4,194,937 3,941,675

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 22 November 2024 and were signed on its behalf by:




J R Harris - Director



S E Michaels - Director


Tri-Cast Composite Tubes Limited (Registered number: 01648856)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Tri-Cast Composite Tubes 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.

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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to Leasehold Buildings - 20% on cost
Plant and Equipment - See note below
Fixtures & Fittings - See note below
Motor Vehicles - 25% on reducing balance

The value shown in the accounts is that determined by the directors at the Balance Sheet date. The rate of depreciation previously was 15% p.a.on cost.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 year 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.

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 year was 20 (2023 - 20 ) .

Tri-Cast Composite Tubes Limited (Registered number: 01648856)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Improvements
to
Leasehold Plant and Fixtures Motor
Buildings Equipment & Fittings Vehicles Totals
£    £    £    £    £   
COST
At 1 March 2023
and 29 February 2024 82,778 366,524 31,468 11,943 492,713
DEPRECIATION
At 1 March 2023 82,778 129,359 12,068 9,818 234,023
Charge for year - - - 531 531
At 29 February 2024 82,778 129,359 12,068 10,349 234,554
NET BOOK VALUE
At 29 February 2024 - 237,165 19,400 1,594 258,159
At 28 February 2023 - 237,165 19,400 2,125 258,690

No depreciation has been provided for this year on plant and equipment and fixtures and fittings, as in the opinion of the directors, the current net book value of these assets has not diminished during the year.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 186,039 217,257
Other debtors 16,275 16,131
202,314 233,388

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 33,970 61,949
Taxation and social security 149,401 136,181
Other creditors 79,302 80,754
262,673 278,884

7. RESERVES
Revaluation
reserve
£   
At 1 March 2023
and 29 February 2024 130,731

8. RELATED PARTY DISCLOSURES

The company's main premises are owned by Mr J R Harris and Mr S E Michaels. The rent paid for the use of these premises was £36000 (2023 - £36000).