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Company Registration No. 11092703 (England and Wales)
Solutions By Trio Ltd Unaudited accounts for the year ended 31 July 2024
Solutions By Trio Ltd Unaudited accounts Contents
Page
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Solutions By Trio Ltd Company Information for the year ended 31 July 2024
Directors
Daniel Bennett Georgina Bennett
Company Number
11092703 (England and Wales)
Registered Office
Flat 3 Woodgate House 11 Nursery Mews Gravesend Kent DA11 7BU
Accountants
King & Taylor 123 Cross Lane East Gravesend Kent DA12 5HA
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Solutions By Trio Ltd Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
13,065 
15,320 
Current assets
Inventories
1,000 
1,000 
Debtors
23,349 
11,039 
Cash at bank and in hand
10,728 
10,731 
35,077 
22,770 
Creditors: amounts falling due within one year
(27,072)
(20,535)
Net current assets
8,005 
2,235 
Total assets less current liabilities
21,070 
17,555 
Creditors: amounts falling due after more than one year
(4,450)
(7,543)
Net assets
16,620 
10,012 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
16,520 
9,912 
Shareholders' funds
16,620 
10,012 
For the year ending 31 July 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 January 2025 and were signed on its behalf by
Daniel Bennett Director Company Registration No. 11092703
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Solutions By Trio Ltd Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Solutions By Trio Ltd is a private company, limited by shares, registered in England and Wales, registration number 11092703. The registered office is Flat 3 Woodgate House, 11 Nursery Mews, Gravesend, Kent, DA11 7BU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance basis
Motor vehicles
25% reducing balance basis
Fixtures & fittings
20% straight line basis
Computer equipment
20% straight line basis
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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Solutions By Trio Ltd Notes to the Accounts for the year ended 31 July 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 August 2023
4,336 
15,440 
151 
1,017 
20,944 
Additions
- 
- 
- 
1,562 
1,562 
At 31 July 2024
4,336 
15,440 
151 
2,579 
22,506 
Depreciation
At 1 August 2023
1,237 
4,137 
43 
207 
5,624 
Charge for the year
620 
2,827 
30 
340 
3,817 
At 31 July 2024
1,857 
6,964 
73 
547 
9,441 
Net book value
At 31 July 2024
2,479 
8,476 
78 
2,032 
13,065 
At 31 July 2023
3,099 
11,303 
108 
810 
15,320 
2024 
2023 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Motor vehicles
8,259 
11,012 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
23,349 
11,039 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
3,181 
1,900 
Taxes and social security
22,539 
15,793 
Loans from directors
599 
2,118 
Accruals
753 
724 
27,072 
20,535 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
4,450 
7,543 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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