Registered number
02629534
TRIANGLE PARTNERSHIP LIMITED
Filleted Accounts
31 December 2024
TRIANGLE PARTNERSHIP LIMITED
Registered number: 02629534
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 573 765
Current assets
Debtors 4 193,129 224,659
Cash at bank and in hand 43 1,704
193,172 226,363
Creditors: amounts falling due within one year 5 (65,527) (65,364)
Net current assets 127,645 160,999
Total assets less current liabilities 128,218 161,764
Creditors: amounts falling due after more than one year 6 (15,951) (23,972)
Net assets 112,267 137,792
Capital and reserves
Called up share capital 100,100 100,100
Profit and loss account 12,167 37,692
Shareholders' funds 112,267 137,792
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.
W Bergin
Director
Approved by the board on 31 March 2025
TRIANGLE PARTNERSHIP LIMITED
Notes to the Accounts
for the year ended 31 December 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 measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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 evenly over its expected useful life, as follows:
Office equipment and computer hardware 33.3% straight line
Computer software and website costs 25% straight line
Fixtures, fittings and equipment 33% straight line
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 4
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2024 77,179
At 31 December 2024 77,179
Depreciation
At 1 January 2024 76,414
Charge for the year 192
At 31 December 2024 76,606
Net book value
At 31 December 2024 573
At 31 December 2023 765
4 Debtors 2024 2023
£ £
Trade debtors 193,129 224,659
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 64,440 53,181
Taxation and social security costs 137 11,183
Other creditors 950 1,000
65,527 65,364
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 15,951 23,972
7 Controlling party
The company is controlled by the directors.
8 Other information
TRIANGLE PARTNERSHIP LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Middle House, Rousdon Estate
Rousdon
Lyme Regis
Dorset
DT7 3XR
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