Registered number
14921584
TRI-FLX Ltd.
Report and Accounts
30 June 2024
TRI-FLX Ltd.
Registered number: 14921584
Director's Report
The director presents his report and accounts for the period ended 30 June 2024.
Principal activities
The company's principal activity during the year continued to be the manufacture of plastic products and public order and safety activities.
Directors
The following persons served as directors during the period:
Mr Paul Bailey
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 15 November 2024 and signed on its behalf.
Mr Paul Bailey
Director
TRI-FLX Ltd.
Accountants' Report
Accountants' report to the director of
TRI-FLX Ltd.
You consider that the company is exempt from an audit for the period ended 30 June 2024. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial period and of its profit or loss for the financial period.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Mr Paul Barry
Accountants
PAB Accounting Solutions
20 Arnolds Way
Cirencester
Gloucestershire
GL50 1TA
15 November 2024
TRI-FLX Ltd.
Profit and Loss Account
for the period from 7 June 2023 to 30 June 2024
2024
£
Cost of sales (4,100)
Gross loss (4,100)
Administrative expenses (10,499)
Operating loss (14,599)
Interest payable (274)
Loss before taxation (14,873)
Tax on loss (20)
Loss for the period (14,893)
TRI-FLX Ltd.
Registered number: 14921584
Balance Sheet
as at 30 June 2024
Notes 2024
£
Fixed assets
Intangible assets 3 2,278
Tangible assets 4 3,163
5,441
Current assets
Debtors 5 192
Cash at bank and in hand 72
264
Creditors: amounts falling due within one year 6 (17,603)
Net current liabilities (17,339)
Total assets less current liabilities (11,898)
Creditors: amounts falling due after more than one year 7 (2,875)
Net liabilities (14,793)
Capital and reserves
Called up share capital 100
Profit and loss account (14,893)
Shareholders' funds (14,793)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Paul Bailey
Director
Approved by the board on 15 November 2024
TRI-FLX Ltd.
Statement of Changes in Equity
for the period from 7 June 2023 to 30 June 2024
Share Share Re- Profit Total
capital premium valuation and loss
reserve account
£ £ £ £ £
At 7 June 2023 - - - - -
Loss for the period (14,893) (14,893)
Shares issued 100 - 100
At 30 June 2024 100 - - (14,893) (14,793)
TRI-FLX Ltd.
Notes to the Accounts
for the period from 7 June 2023 to 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
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.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
Going Concern Basis
These accounts have been prepared on the Going Concern Basis as the director has underwritten the company’s debts.
2 Employees 2024
Number
Average number of persons employed by the company 1
3 Intangible fixed assets £
Goodwill:
Cost
Additions 2,531
At 30 June 2024 2,531
Amortisation
Provided during the period 253
At 30 June 2024 253
Net book value
At 30 June 2024 2,278
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Motor vehicles
£
Cost
Additions 3,995
At 30 June 2024 3,995
Depreciation
Charge for the period 832
At 30 June 2024 832
Net book value
At 30 June 2024 3,163
5 Debtors 2024
£
Other debtors 192
6 Creditors: amounts falling due within one year 2024
£
Other creditors 17,603
Other creditors include Mr Paul Bailey's director loan account balance of £16,979.
7 Creditors: amounts falling due after one year 2024
£
Obligations under finance lease and hire purchase contracts 2,875
8 Other information
TRI-FLX Ltd. is a private company limited by shares and incorporated in England. Its registered office is:
Stud Cottage
Minster Stud
Sheephouse Lane
Amnpey Crucis
GL7 5DZ
TRI-FLX Ltd.
Detailed profit and loss account
for the period from 7 June 2023 to 30 June 2024
This schedule does not form part of the statutory accounts
2024
£
Cost of sales (4,100)
Gross loss (4,100)
Administrative expenses (10,499)
Operating loss (14,599)
Interest payable (274)
Loss before tax (14,873)
TRI-FLX Ltd.
Detailed profit and loss account
for the period from 7 June 2023 to 30 June 2024
This schedule does not form part of the statutory accounts
2024
£
Cost of sales
Purchases 4,100
Administrative expenses
Employee costs:
Travel and subsistence 804
Motor expenses 3,301
4,105
Premises costs:
Rent 2,880
2,880
General administrative expenses:
Telephone and internet 1,064
Stationery and printing 270
Bank charges 57
Depreciation 1,085
Sundry expenses 309
2,785
Legal and professional costs:
Accountancy fees 625
729
10,499
TRI-FLX Ltd. 14921584 false 2023-06-07 2024-06-30 2024-06-30 VT Final Accounts July 2024 true 14921584 2023-06-07 2024-06-30 14921584 bus:PrivateLimitedCompanyLtd 2023-06-07 2024-06-30 14921584 bus:AuditExemptWithAccountantsReport 2023-06-07 2024-06-30 14921584 bus:Director1 2023-06-07 2024-06-30 14921584 core:RetainedEarningsAccumulatedLosses 2023-06-07 2024-06-30 14921584 core:ShareCapital 2023-06-07 2024-06-30 14921584 core:SharePremium 2023-06-07 2024-06-30 14921584 1 2023-06-07 2024-06-30 14921584 2 2023-06-07 2024-06-30 14921584 core:Goodwill 2023-06-07 2024-06-30 14921584 countries:England 2023-06-07 2024-06-30 14921584 dpl:Item1 dpl:AdministrativeExpenses 2023-06-07 2024-06-30 14921584 dpl:Item2 dpl:AdministrativeExpenses 2023-06-07 2024-06-30 14921584 dpl:Item5 dpl:AdministrativeExpenses 2023-06-07 2024-06-30 14921584 bus:FRS102 2023-06-07 2024-06-30 14921584 bus:FullAccounts 2023-06-07 2024-06-30 14921584 2024-06-30 14921584 core:WithinOneYear 2024-06-30 14921584 core:AfterOneYear 2024-06-30 14921584 core:ShareCapital 2024-06-30 14921584 core:RetainedEarningsAccumulatedLosses 2024-06-30 14921584 core:SharePremium 2024-06-30 14921584 core:OtherReservesSubtotal 2024-06-30 14921584 core:Goodwill 2024-06-30 14921584 2023-06-06 14921584 core:ShareCapital 2023-06-06 14921584 core:SharePremium 2023-06-06 14921584 core:OtherReservesSubtotal 2023-06-06 14921584 core:RetainedEarningsAccumulatedLosses 2023-06-06 iso4217:GBP xbrli:pure