Registered number
06579761
Tricam Construction Limited
Filleted Accounts
30 April 2024
Tricam Construction Limited
Registered number: 06579761
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 8,996 9,630
Current assets
Debtors 4 23 7,439
Cash at bank and in hand 34,760 64,586
34,783 72,025
Creditors: amounts falling due within one year 5 (23,150) (45,792)
Net current assets 11,633 26,233
Total assets less current liabilities 20,629 35,863
Creditors: amounts falling due after more than one year 6 - (750)
Net assets 20,629 35,113
Capital and reserves
Called up share capital 1 1
Profit and loss account 20,628 35,112
Shareholder's funds 20,629 35,113
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 member has 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.
Douglas Trevor Gittings
Director
Approved by the board on 24 September 2024
Tricam Construction Limited
Notes to the Accounts
for the year ended 30 April 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.
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 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 May 2023 8,628 31,132 39,760
Additions 1,113 1,250 2,363
At 30 April 2024 9,741 32,382 42,123
Depreciation
At 1 May 2023 8,043 22,087 30,130
Charge for the year 424 2,573 2,997
At 30 April 2024 8,467 24,660 33,127
Net book value
At 30 April 2024 1,274 7,722 8,996
At 30 April 2023 585 9,045 9,630
4 Debtors 2024 2023
£ £
Other taxes and social securities - 805
Other debtors 23 6,634
23 7,439
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 750 6,600
Taxation and social security costs 14,840 12,822
Other creditors 7,560 26,370
23,150 45,792
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans - 750
7 Controlling party
The Director, Douglas Gittings, controls the company by virtue of his shareholding and Directorship.
8 Other information
Tricam Construction Limited is a private company limited by shares and incorporated in England. Its registered office is:
Wood End 12 Abingdon Road
Tubney
Abingdon
OX13 5QL
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