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REGISTERED NUMBER: SC231936 (Scotland)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Trinity Domestic Appliance Repairs Ltd

Trinity Domestic Appliance Repairs Ltd (Registered number: SC231936)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Trinity Domestic Appliance Repairs Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: I Johnson
Mrs K B McMillan
Mr D Morris





SECRETARY: Mrs E A Johnson





REGISTERED OFFICE: 38 Cammo Grove
Edinburgh
EH4 8EX





REGISTERED NUMBER: SC231936 (Scotland)





ACCOUNTANTS: Cowan & Partners Limited
60 Constitution Street
Edinburgh
EH6 6RR

Trinity Domestic Appliance Repairs Ltd (Registered number: SC231936)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 220,881 233,606

CURRENT ASSETS
Stocks 38,233 68,106
Debtors 5 130,635 143,223
Cash at bank 121,183 153,359
290,051 364,688
CREDITORS
Amounts falling due within one year 6 247,544 312,333
NET CURRENT ASSETS 42,507 52,355
TOTAL ASSETS LESS CURRENT
LIABILITIES

263,388

285,961

CREDITORS
Amounts falling due after more than one
year

7

(84,983

)

(120,965

)

PROVISIONS FOR LIABILITIES (50,171 ) (52,461 )
NET ASSETS 128,234 112,535

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 128,232 112,533
SHAREHOLDERS' FUNDS 128,234 112,535

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Trinity Domestic Appliance Repairs Ltd (Registered number: SC231936)

Balance Sheet - continued
30 June 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 March 2025 and were signed on its behalf by:





I Johnson - Director


Trinity Domestic Appliance Repairs Ltd (Registered number: SC231936)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Trinity Domestic Appliance Repairs Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of services and goods, excluding value added tax. The company's policy is to recognise a sale when the company obtains the right to consideration.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:


Property improvements 10%SL
Plant & Machinery 25%RB
Fixtures & Fittings 15%RB
Motor Vehicles 25%RB
Computer Equipment 33%SL


Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Trinity Domestic Appliance Repairs Ltd (Registered number: SC231936)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 15 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 July 2023 28,610 1,010 15,492
Additions - - -
Disposals - - -
At 30 June 2024 28,610 1,010 15,492
DEPRECIATION
At 1 July 2023 16,586 817 12,087
Charge for year 2,861 48 511
Eliminated on disposal - - -
At 30 June 2024 19,447 865 12,598
NET BOOK VALUE
At 30 June 2024 9,163 145 2,894
At 30 June 2023 12,024 193 3,405

Trinity Domestic Appliance Repairs Ltd (Registered number: SC231936)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2023 318,785 26,773 390,670
Additions 75,583 - 75,583
Disposals (26,814 ) - (26,814 )
At 30 June 2024 367,554 26,773 439,439
DEPRECIATION
At 1 July 2023 101,047 26,527 157,064
Charge for year 69,559 246 73,225
Eliminated on disposal (11,731 ) - (11,731 )
At 30 June 2024 158,875 26,773 218,558
NET BOOK VALUE
At 30 June 2024 208,679 - 220,881
At 30 June 2023 217,738 246 233,606

No indicators of impairment were noted during the year.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 112,453 119,388
Other debtors 18,182 23,835
130,635 143,223

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 33,404 72,908
Hire purchase contracts 43,426 38,785
Trade creditors 121,542 125,646
Taxation and social security 44,663 45,243
Other creditors 4,509 29,751
247,544 312,333

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Hire purchase contracts 68,808 93,670
Other creditors 16,175 27,295
84,983 120,965

Trinity Domestic Appliance Repairs Ltd (Registered number: SC231936)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
BBLS loan 26,175 37,295

The Royal Bank of Scotland held a floating charge over the assets of the company during the year.