Registered number
05130032
TRICLAN LTD
Filleted Accounts
31 May 2024
TRICLAN LTD
Registered number: 05130032
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,800 2,400
Investments 4 520,173 520,173
521,973 522,573
Current assets
Debtors 5 244 -
Cash at bank and in hand 6,189 7,589
6,433 7,589
Creditors: amounts falling due within one year 6 (237,668) (235,254)
Net current liabilities (231,235) (227,665)
Total assets less current liabilities 290,738 294,908
Creditors: amounts falling due after more than one year 7 (158,993) (167,476)
Net assets 131,745 127,432
Capital and reserves
Called up share capital 99 99
Profit and loss account 131,646 127,333
Shareholders' funds 131,745 127,432
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Mr M Heneghan
Director
Approved by the board on 20 February 2025
TRICLAN LTD
Notes to the Accounts
for the year ended 31 May 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 defined as rents receivable in the year.
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 over its expected useful life, as follows:
Motor vehicles 25% per annum reducing balance basis
Investments
Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
The company did not operate a pension scheme during the year.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 6 6
3 Tangible fixed assets
Motor vehicles
£
Cost
At 1 June 2023 3,200
At 31 May 2024 3,200
Depreciation
At 1 June 2023 800
Charge for the year 600
At 31 May 2024 1,400
Net book value
At 31 May 2024 1,800
At 31 May 2023 2,400
4 Investments
Other
investments
£
Cost
At 1 June 2023 520,173
At 31 May 2024 520,173
Historical cost
At 1 June 2023 520,173
At 31 May 2024 520,173
5 Debtors 2024 2023
£ £
Trade debtors and prepayments 244 -
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 9,418 10,234
Trade creditors and accruals 4,564 5,970
Corporation tax 1,153 2,717
Other creditors - directors' loan accounts 222,533 216,333
237,668 235,254
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 158,993 167,476
8 Loans 2024 2023
£ £
Creditors include:
Instalments falling due for payment after more than five years 121,321 126,540
Secured bank loans 168,411 177,710
9 Events after the reporting date
There were no events after the reporting date which would affect the user's understanding of these accounts.
10 Contingent liabilities
There were no contingent liabilities in existence at the year end.
11 Controlling party
The six directors own 100% of the issued ordinary share capital of the company.
12 Other information
TRICLAN LTD is a private company limited by shares and incorporated in England. Its registered office is:
24 Oswald Road
Chorlton Cum Hardy
Manchester
M21 9LP
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