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Company Registration No. 9767105 (England and Wales)
Trinity IP Solutions Limited Unaudited accounts for the year ended 31 August 2024
Trinity IP Solutions Limited Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
655 
997 
Current assets
Debtors
28,022 
19,953 
Cash at bank and in hand
73,223 
64,452 
101,245 
84,405 
Creditors: amounts falling due within one year
(44,860)
(44,302)
Net current assets
56,385 
40,103 
Net assets
57,040 
41,100 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
57,038 
41,098 
Shareholders' funds
57,040 
41,100 
For the year ending 31 August 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 director acknowledges her 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 and authorised for issue on 24 March 2025 and were signed on its behalf by
Rachel Bryant Director Company Registration No. 9767105
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Trinity IP Solutions Limited Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Trinity IP Solutions Limited is a private company, limited by shares, registered in England and Wales, registration number 9767105. The registered office is 4 Warmington Drive, Sutton Coldfield, West Midlands, B73 6EH.
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.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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:
Computer equipment
Straight Line Depreciation over 3 years
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Trinity IP Solutions Limited Notes to the Accounts for the year ended 31 August 2024
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 September 2023
1,025 
At 31 August 2024
1,025 
Depreciation
At 1 September 2023
28 
Charge for the year
342 
At 31 August 2024
370 
Net book value
At 31 August 2024
655 
At 31 August 2023
997 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
22,643 
15,282 
Deferred tax asset
125 
190 
Accrued income and prepayments
3,764 
2,991 
Other debtors
1,490 
1,490 
28,022 
19,953 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
8,615 
6,968 
Taxes and social security
10,641 
10,212 
Other creditors
42 
55 
Loans from directors
24,662 
26,467 
Accruals
900 
600 
44,860 
44,302 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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