Trident Facilities Management Limited 14042078 false 2023-06-01 2024-05-31 2024-05-31 The principal activity of the company is that of building completion and finishing. Digita Accounts Production Advanced 6.30.9574.0 true true 14042078 2023-06-01 2024-05-31 14042078 2024-05-31 14042078 core:CurrentFinancialInstruments 2024-05-31 14042078 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 14042078 1 2024-05-31 14042078 bus:SmallEntities 2023-06-01 2024-05-31 14042078 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 14042078 bus:FilletedAccounts 2023-06-01 2024-05-31 14042078 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 14042078 bus:RegisteredOffice 2023-06-01 2024-05-31 14042078 bus:Director1 2023-06-01 2024-05-31 14042078 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 14042078 countries:EnglandWales 2023-06-01 2024-05-31 14042078 1 2023-06-01 2024-05-31 14042078 1 2023-05-31 14042078 2022-04-12 2023-05-31 14042078 2023-05-31 14042078 core:CurrentFinancialInstruments 2023-05-31 14042078 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 14042078 1 2023-05-31 14042078 1 2022-04-12 2023-05-31 14042078 1 2022-04-11 iso4217:GBP xbrli:pure

Registration number: 14042078

Trident Facilities Management Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 May 2024

 

Trident Facilities Management Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

Trident Facilities Management Limited

(Registration number: 14042078)
Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

86,159

39,747

Cash at bank and in hand

 

22,674

71,850

 

108,833

111,597

Creditors: Amounts falling due within one year

5

(107,070)

(110,919)

Net assets

 

1,763

678

Capital and reserves

 

Called up share capital

100

100

Retained earnings

1,663

578

Shareholders' funds

 

1,763

678

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 7 February 2025 and signed on its behalf by:
 

.........................................
Gary Andrew Bedford
Director

 

Trident Facilities Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
19 Smeaton Road
Portway West Business Park
Andover
Hants
SP10 3LF

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current tax payable.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

 

Trident Facilities Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Debtors

Current

2024
£

2023
£

Other debtors

86,159

39,747

 

86,159

39,747

5

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

19,471

31,064

Amounts owed to related parties

6

54,604

69,675

Taxation and social security

 

31,245

8,980

Other creditors

 

1,750

1,200

 

107,070

110,919

 

Trident Facilities Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

6

Related party transactions

Transactions with directors

2024

At 1 June 2023
£

Advances to director
£

Repayments by director
£

At 31 May 2024
£

Director loan account

24,747

46,521

(22,674)

48,594

 

2023

At 12 April 2022
£

Advances to director
£

Repayments by director
£

At 31 May 2023
£

Director loan account

-

29,247

(4,500)

24,747

 

Other transactions with directors

The directors had loan accounts with the company during the year on which interest has been charged at the HMRC official rate. At the balance sheet date the amount due from the directors was £48,594 (2023: £24,747).

Summary of transactions with other related parties

Trident Electrical Services Limited (a company with common directors and shareholders) raised management charges and recharged costs totalling £203,603 (2023: £247,503) to Trident Facilities Management Limited. At the balance sheet date the amount due to Trident Electrical Services Limited was £54,604 (2023: £69,675).