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REGISTERED NUMBER: 05112537 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Triad Fabrications Limited

Triad Fabrications Limited (Registered number: 05112537)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Triad Fabrications Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: J K Leech
D P Howarth
T J McGlynn
A C C Dell





SECRETARY:





REGISTERED OFFICE: Hollows Chapel
Shawclough Road
Rochdale
Lancashire
OL12 6LN





REGISTERED NUMBER: 05112537 (England and Wales)





ACCOUNTANTS: Versatile Accountancy Services Ltd
The Old Printworks
65 Church Street
Littleborough
Lancashire
OL15 8AB

Triad Fabrications Limited (Registered number: 05112537)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 43,890 38,025
43,890 38,025

CURRENT ASSETS
Stocks 6 8,163 37,850
Debtors 7 156,303 113,060
Cash at bank and in hand 103,525 53,275
267,991 204,185
CREDITORS
Amounts falling due within one year 8 127,279 96,083
NET CURRENT ASSETS 140,712 108,102
TOTAL ASSETS LESS CURRENT
LIABILITIES

184,602

146,127

CREDITORS
Amounts falling due after more than
one year

9

(16,151

)

(27,311

)

PROVISIONS FOR LIABILITIES 10 (8,421 ) (7,225 )
NET ASSETS 160,030 111,591

Triad Fabrications Limited (Registered number: 05112537)

Balance Sheet - continued
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 11 21 21
Retained earnings 160,009 111,570
SHAREHOLDERS' FUNDS 160,030 111,591

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 January 2025 and were signed on its behalf by:





J K Leech - Director


Triad Fabrications Limited (Registered number: 05112537)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Triad Fabrications Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

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.


Triad Fabrications Limited (Registered number: 05112537)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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 year 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.

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 year was 20 (2023 - 10 ) .

Triad Fabrications Limited (Registered number: 05112537)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 53,000
AMORTISATION
At 1 July 2023
and 30 June 2024 53,000
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 29,120 1,297 42,779 3,526 76,722
Additions 5,165 398 9,800 1,426 16,789
Disposals - - (1,000 ) - (1,000 )
At 30 June 2024 34,285 1,695 51,579 4,952 92,511
DEPRECIATION
At 1 July 2023 25,941 838 10,794 1,124 38,697
Charge for year 707 84 9,016 476 10,283
Eliminated on disposal - - (359 ) - (359 )
At 30 June 2024 26,648 922 19,451 1,600 48,621
NET BOOK VALUE
At 30 June 2024 7,637 773 32,128 3,352 43,890
At 30 June 2023 3,179 459 31,985 2,402 38,025

Triad Fabrications Limited (Registered number: 05112537)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

6. STOCKS
30.6.24 30.6.23
£    £   
Stocks 5,800 15,850
Work-in-progress 2,363 22,000
8,163 37,850

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
30.6.24 30.6.23
£    £   
Trade debtors 156,303 113,060

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
30.6.24 30.6.23
£    £   
Trade creditors 47,415 57,211
Tax 23,056 8,362
Social security and other taxes 86 3,301
VAT 22,780 10,530
Other creditors (717 ) 4,015
Directors' loan accounts 4,629 4,629
Accrued expenses 30,030 8,035
127,279 96,083

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans more 5 yr by instal 9,306 14,307
Other loans - 1-2 years 6,845 13,004
16,151 27,311

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 9,306 14,307

Triad Fabrications Limited (Registered number: 05112537)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

10. PROVISIONS FOR LIABILITIES
30.6.24 30.6.23
£    £   
Deferred tax 8,421 7,225

Deferred
tax
£   
Balance at 1 July 2023 7,225
Provided during year 1,196
Balance at 30 June 2024 8,421

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
20 Ordinary £1 20 20