REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 1ST APRIL 2023 TO 31ST JULY 2024 |
FOR |
TRI-PLAN LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 1ST APRIL 2023 TO 31ST JULY 2024 |
FOR |
TRI-PLAN LIMITED |
TRI-PLAN LIMITED (REGISTERED NUMBER: 05260793) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1ST APRIL 2023 TO 31ST JULY 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
TRI-PLAN LIMITED |
COMPANY INFORMATION |
FOR THE PERIOD 1ST APRIL 2023 TO 31ST JULY 2024 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
25 Grosvenor Road |
Wrexham |
LL11 1BT |
TRI-PLAN LIMITED (REGISTERED NUMBER: 05260793) |
BALANCE SHEET |
31ST JULY 2024 |
31.7.24 | 31.3.23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
CURRENT ASSETS |
Stocks |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CREDITORS |
Amounts falling due after more than one year |
8 |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 11 |
Retained earnings | 12 | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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. |
TRI-PLAN LIMITED (REGISTERED NUMBER: 05260793) |
BALANCE SHEET - continued |
31ST JULY 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
TRI-PLAN LIMITED (REGISTERED NUMBER: 05260793) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1ST APRIL 2023 TO 31ST JULY 2024 |
1. | STATUTORY INFORMATION |
Tri-Plan Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements have been prepared on a going concern basis on the assumption that the support of the providers of finance will be continued. If this support is withdrawn, adjustments would have to be made to reduce the value of assets to their recoverable amounts, to provide for any further liabilities that might arise and to reclassify fixed assets and long term liabilities as current assets and current liabilities. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Goodwill |
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
Tangible fixed assets |
Plant and machinery | - |
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. |
Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition. |
Taxation |
Taxation for the period 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. |
TRI-PLAN LIMITED (REGISTERED NUMBER: 05260793) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1ST APRIL 2023 TO 31ST JULY 2024 |
2. | ACCOUNTING POLICIES - continued |
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 period 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. |
Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability. |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
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 period was |
4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1st April 2023 |
Disposals | ( |
) |
At 31st July 2024 |
AMORTISATION |
At 1st April 2023 |
Eliminated on disposal | ( |
) |
At 31st July 2024 |
NET BOOK VALUE |
At 31st July 2024 |
At 31st March 2023 |
TRI-PLAN LIMITED (REGISTERED NUMBER: 05260793) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1ST APRIL 2023 TO 31ST JULY 2024 |
5. | TANGIBLE FIXED ASSETS |
Short | Plant and |
leasehold | machinery | Totals |
£ | £ | £ |
COST |
At 1st April 2023 |
Disposals | ( |
) | ( |
) | ( |
) |
At 31st July 2024 |
DEPRECIATION |
At 1st April 2023 |
Eliminated on disposal | ( |
) | ( |
) |
At 31st July 2024 |
NET BOOK VALUE |
At 31st July 2024 |
At 31st March 2023 |
Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
Plant and |
machinery |
£ |
COST |
At 1st April 2023 |
Disposals | ( |
) |
At 31st July 2024 |
DEPRECIATION |
At 1st April 2023 |
Eliminated on disposal | ( |
) |
At 31st July 2024 |
NET BOOK VALUE |
At 31st July 2024 |
At 31st March 2023 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.7.24 | 31.3.23 |
£ | £ |
Deferred tax asset |
Tax losses | - | 33,906 |
Prepayments |
TRI-PLAN LIMITED (REGISTERED NUMBER: 05260793) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1ST APRIL 2023 TO 31ST JULY 2024 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.7.24 | 31.3.23 |
£ | £ |
Bank loans and overdrafts |
Other loans |
Hire purchase contracts |
Trade creditors |
Social security and other taxes |
VAT | - | 4,837 |
Deposits received |
Other creditors | - | 2,070 |
Directors' current accounts | 241,237 | 136,713 |
Accrued expenses |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.7.24 | 31.3.23 |
£ | £ |
Other loans - 1-2 years | - | 1,942 |
Other loans - 2-5 years | - | 2,591 |
Hire purchase contracts |
9. | SECURED DEBTS |
The following secured debts are included within creditors: |
31.7.24 | 31.3.23 |
£ | £ |
Hire purchase contracts | - | 2,164 |
10. | DEFERRED TAX |
£ |
Balance at 1st April 2023 | ( |
) |
Movement in the year due to: |
Accelerated capital allowances |
Tax losses |
Balance at 31st July 2024 | ( |
) |
11. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.7.24 | 31.3.23 |
value: | £ | £ |
Ordinary | £1 | 101 | 101 |
TRI-PLAN LIMITED (REGISTERED NUMBER: 05260793) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1ST APRIL 2023 TO 31ST JULY 2024 |
12. | RESERVES |
Retained |
earnings |
£ |
At 1st April 2023 | ( |
) |
Deficit for the period | ( |
) |
At 31st July 2024 | ( |
) |
13. | CAPITAL COMMITMENTS |
31.7.24 | 31.3.23 |
£ | £ |
Contracted but not provided for in the |
financial statements |
14. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The directors of the company had a balance on their loan account of £241,237 (2023:£136,713). This is shown under Creditors: Amounts falling due within one year |
The company's bank hold a security by way of guarantees from both Mr C Lloyd and Mrs J Lloyd for the amount of £21,000. |