Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 08907353 Mr N K Trifonski Ms Z D Petrova Mr N K Trifonski true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08907353 2023-02-28 08907353 2024-02-29 08907353 2023-03-01 2024-02-29 08907353 frs-core:CurrentFinancialInstruments 2024-02-29 08907353 frs-core:Non-currentFinancialInstruments 2024-02-29 08907353 frs-core:ComputerEquipment 2024-02-29 08907353 frs-core:ComputerEquipment 2023-03-01 2024-02-29 08907353 frs-core:ComputerEquipment 2023-02-28 08907353 frs-core:MotorVehicles 2024-02-29 08907353 frs-core:MotorVehicles 2023-03-01 2024-02-29 08907353 frs-core:MotorVehicles 2023-02-28 08907353 frs-core:ShareCapital 2024-02-29 08907353 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 08907353 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 08907353 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 08907353 frs-bus:SmallEntities 2023-03-01 2024-02-29 08907353 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 08907353 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 08907353 frs-bus:OrdinaryShareClass1 2023-03-01 2024-02-29 08907353 frs-bus:OrdinaryShareClass1 2024-02-29 08907353 1 2023-03-01 2024-02-29 08907353 frs-bus:Director1 2023-03-01 2024-02-29 08907353 frs-bus:CompanySecretary1 2023-03-01 2024-02-29 08907353 frs-countries:EnglandWales 2023-03-01 2024-02-29 08907353 2022-02-28 08907353 2023-02-28 08907353 2022-03-01 2023-02-28 08907353 frs-core:CurrentFinancialInstruments 2023-02-28 08907353 frs-core:Non-currentFinancialInstruments 2023-02-28 08907353 frs-core:ShareCapital 2023-02-28 08907353 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28 08907353 frs-bus:OrdinaryShareClass1 2022-03-01 2023-02-28
Registered number: 08907353
Trifonski 1914 Ltd
Unaudited Financial Statements
For The Year Ended 29 February 2024
E Johnson & Associates Ltd
637 Green Lanes
London
N8 0RE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08907353
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 15,791 21,054
15,791 21,054
CURRENT ASSETS
Debtors 5 5,749 11,453
Cash at bank and in hand 9,250 23,915
14,999 35,368
Creditors: Amounts Falling Due Within One Year 6 (29,997 ) (24,665 )
NET CURRENT ASSETS (LIABILITIES) (14,998 ) 10,703
TOTAL ASSETS LESS CURRENT LIABILITIES 793 31,757
Creditors: Amounts Falling Due After More Than One Year 7 (14,167 ) (24,167 )
NET (LIABILITIES)/ASSETS (13,374 ) 7,590
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (13,474 ) 7,490
SHAREHOLDERS' FUNDS (13,374) 7,590
Page 1
Page 2
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr N K Trifonski
Director
29th November 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Trifonski 1914 Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08907353 . The registered office is 72A Dorchester Avenue, London, N13 5DX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared on the going concern basis. This assumes that the company will continue in operational existence for the foreseeable future.
At the balance sheet date, the company's liabilities for the period from 1 March 2023 to 29 February 2024 exceed its assets. The director of the company has sought assurance from the creditors that their debts will not be called in within the next twelve months.
The director has been therefore deemed it appropriate that the financial statements be prepared on the going concern basis.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% on reducing balance
Computer Equipment 25% on reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 6)
5 6
4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 March 2023 58,933 420 59,353
As at 29 February 2024 58,933 420 59,353
Depreciation
As at 1 March 2023 37,935 364 38,299
Provided during the period 5,249 14 5,263
As at 29 February 2024 43,184 378 43,562
Net Book Value
As at 29 February 2024 15,749 42 15,791
As at 1 March 2023 20,998 56 21,054
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Page 4
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 5,749 11,453
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 335 349
Bank loans and overdrafts 10,000 10,000
Other creditors 14,144 10,507
Taxation and social security 5,518 3,809
29,997 24,665
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 14,167 24,167
8. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.00 each 100 100
9. Related Party Transactions
During the year, no dividend was paid to the director.
10. Ultimate Controlling Party
The company's ultimate controlling party is Mr N K Trifonski by virtue of his ownership of 100% of the issued share capital in the company.
Page 4