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
Cash at bank and in hand
73,223
64,452
Creditors: amounts falling due within one year
(44,860)
(44,302)
Net current assets
56,385
40,103
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
Trinity IP Solutions Limited
Notes to the Accounts
for the year ended 31 August 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
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 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.
Trinity IP Solutions Limited
Notes to the Accounts
for the year ended 31 August 2024
4
Tangible fixed assets
Computer equipment
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
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
10,641
10,212
Loans from directors
24,662
26,467
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).