Acorah Software Products - Accounts Production 16.1.300 false true true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 06595961 Dr R J Bacon Dr S J Bell Dr R J Bacon iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06595961 2023-05-31 06595961 2024-05-31 06595961 2023-06-01 2024-05-31 06595961 frs-core:ComputerEquipment 2023-06-01 2024-05-31 06595961 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-06-01 2024-05-31 06595961 frs-core:FurnitureFittings 2023-06-01 2024-05-31 06595961 frs-core:LandBuildings 2024-05-31 06595961 frs-core:LandBuildings 2023-06-01 2024-05-31 06595961 frs-core:LandBuildings 2023-05-31 06595961 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-06-01 2024-05-31 06595961 frs-core:OtherResidualIntangibleAssets 2024-05-31 06595961 frs-core:OtherResidualIntangibleAssets 2023-06-01 2024-05-31 06595961 frs-core:OtherResidualIntangibleAssets 2023-05-31 06595961 frs-core:PlantMachinery 2024-05-31 06595961 frs-core:PlantMachinery 2023-06-01 2024-05-31 06595961 frs-core:PlantMachinery 2023-05-31 06595961 frs-core:ShareCapital 2024-05-31 06595961 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 06595961 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 06595961 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 06595961 frs-bus:SmallEntities 2023-06-01 2024-05-31 06595961 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 06595961 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 06595961 frs-bus:Director1 2023-06-01 2024-05-31 06595961 frs-bus:Director2 2023-06-01 2024-05-31 06595961 frs-bus:CompanySecretary1 2023-06-01 2024-05-31 06595961 frs-countries:EnglandWales 2023-06-01 2024-05-31 06595961 2022-05-31 06595961 2023-05-31 06595961 2022-06-01 2023-05-31 06595961 frs-core:CurrentFinancialInstruments 2023-05-31 06595961 frs-core:ShareCapital 2023-05-31 06595961 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 06595961
Trig1 Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Phelan Cloud Accounting
Chartered Certified Accountants
8A Basepoint Business Centre
Waterberry Drive
Waterlooville
Hampshire
PO7 7TH
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 06595961
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 61,098 227,214
Tangible Assets 5 18,608 25,828
79,706 253,042
CURRENT ASSETS
Debtors 6 1,806 103
Cash at bank and in hand 7,770 5,425
9,576 5,528
Creditors: Amounts Falling Due Within One Year 7 (447,874 ) (402,867 )
NET CURRENT ASSETS (LIABILITIES) (438,298 ) (397,339 )
TOTAL ASSETS LESS CURRENT LIABILITIES (358,592 ) (144,297 )
NET LIABILITIES (358,592 ) (144,297 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (358,692 ) (144,397 )
SHAREHOLDERS' FUNDS (358,592) (144,297)
Page 1
Page 2
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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
Dr R J Bacon
Director
28 January 2025
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
Trig1 Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06595961 . The registered office is Woodhall House, Le Court, Liss, Hampshire, GU33 6BF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The company has net liabilities at the balance sheet date. The company has the support of the director to ensure liabilities are met as they fall due. On this basis the director has prepared the financial statements on the going concern basis.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are patents and licenses. It is amortised to profit and loss account over its estimated economic life of 20 years.
2.4. 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:
Leasehold 15% straight line
Fixtures & Fittings 20% straight line
Computer Equipment 33% straight line
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 1)
2 1
4. Intangible Assets
Other
£
Cost
As at 1 June 2023 227,214
As at 31 May 2024 227,214
Amortisation
As at 1 June 2023 -
Provided during the period 166,116
As at 31 May 2024 166,116
Net Book Value
As at 31 May 2024 61,098
As at 1 June 2023 227,214
Page 3
Page 4
5. Tangible Assets
Land & Buildings Plant & Machinery etc. Total
£ £ £
Cost
As at 1 June 2023 56,998 155,969 212,967
Additions - 12,296 12,296
Disposals (56,998 ) (104,895 ) (161,893 )
As at 31 May 2024 - 63,370 63,370
Depreciation
As at 1 June 2023 56,998 130,141 187,139
Provided during the period - 18,367 18,367
Disposals (56,998 ) (103,746 ) (160,744 )
As at 31 May 2024 - 44,762 44,762
Net Book Value
As at 31 May 2024 - 18,608 18,608
As at 1 June 2023 - 25,828 25,828
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 1,806 103
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 34
Other creditors 447,874 402,833
447,874 402,867
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4