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REGISTERED NUMBER: 01896503 (England and Wales)
















Triangle Information Management Limited

Unaudited Financial Statements

for the Year Ended

31 December 2024






Triangle Information Management Limited (Registered number: 01896503)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Triangle Information Management Limited

Company Information
for the Year Ended 31 December 2024







DIRECTOR: W J Latham





SECRETARY: W J Latham





REGISTERED OFFICE: Thames Tower,
Station Road
Reading
Berkshire
RG1 1LX





REGISTERED NUMBER: 01896503 (England and Wales)





ACCOUNTANTS: Moffat Gilbert
Unit 12
Shottery Brook Office Park
Timothy's Bridge Road
Stratford upon Avon
Warwickshire
CV37 9NR

Triangle Information Management Limited (Registered number: 01896503)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 5,718 12,214
Tangible assets 5 2,084 3,490
Investments 6 - 100
7,802 15,804

CURRENT ASSETS
Stocks 21,077 -
Debtors 7 462,448 959,752
Cash at bank and in hand 139,673 31,039
623,198 990,791
CREDITORS
Amounts falling due within one year 8 446,030 787,550
NET CURRENT ASSETS 177,168 203,241
TOTAL ASSETS LESS CURRENT
LIABILITIES

184,970

219,045

CREDITORS
Amounts falling due after more than one
year

9

(41,667

)

(91,667

)

PROVISIONS FOR LIABILITIES (1,938 ) -
NET ASSETS 141,365 127,378

CAPITAL AND RESERVES
Called up share capital 10 200 200
Retained earnings 11 141,165 127,178
SHAREHOLDERS' FUNDS 141,365 127,378

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Triangle Information Management Limited (Registered number: 01896503)

Balance Sheet - continued
31 December 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 director and authorised for issue on 9 July 2025 and were signed by:





W J Latham - Director


Triangle Information Management Limited (Registered number: 01896503)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Triangle Information Management Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Preparation of consolidated financial statements
The financial statements contain information about Triangle Information Management Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

With respect to the company supplying software to customers, the sale of the licences is included in turnover and the exact margin on such sales is then calculated and removed from the turnover figure and reflected within deferred income. This margin is then released back to turnover on a straight line basis over the period to which the licences relate.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website establishment costs are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33.3% on cost and 20% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


Triangle Information Management Limited (Registered number: 01896503)

Notes to the Financial Statements - continued
for the Year Ended 31 December 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2024
and 31 December 2024 25,407
AMORTISATION
At 1 January 2024 13,193
Charge for year 6,496
At 31 December 2024 19,689
NET BOOK VALUE
At 31 December 2024 5,718
At 31 December 2023 12,214

Triangle Information Management Limited (Registered number: 01896503)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 94,645
Additions 624
At 31 December 2024 95,269
DEPRECIATION
At 1 January 2024 91,155
Charge for year 2,030
At 31 December 2024 93,185
NET BOOK VALUE
At 31 December 2024 2,084
At 31 December 2023 3,490

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2024 100
Disposals (100 )
At 31 December 2024 -
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 100

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Triangle Data Management Limited
Registered office: 5 Clarendon Place, Leamington Spa, Warwickshire, CV32 5QL
Nature of business: Dormant
%
Class of shares: holding
Ordinary 100.00
31.12.24 31.12.23
£    £   
Aggregate capital and reserves - 100

Triangle Information Management Limited (Registered number: 01896503)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

7. DEBTORS
31.12.24 31.12.23
£    £   
Amounts falling due within one year:
Trade debtors 168,680 585,722
Amounts owed by group undertakings 201,948 244,568
Tax 659 659
Accrued income 78,307 88,541
Prepayments 12,854 13,627
462,448 933,117

Amounts falling due after more than one year:
Deferred taxation - 26,635

Aggregate amounts 462,448 959,752

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 50,000 50,000
Trade creditors 51,666 283,737
Amounts owed to group undertakings - 100
Tax 4,669 -
Social security and other taxes 42,538 38,863
VAT 99,504 127,795
Other creditors 96,545 97,293
Directors' current accounts 2,760 1,380
Deferred income 67,287 139,696
Accrued expenses 31,061 48,686
446,030 787,550

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Bank loans - 2-5 years 41,667 91,667

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
200 Ordinary £1 200 200

Triangle Information Management Limited (Registered number: 01896503)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

11. RESERVES
Retained
earnings
£   

At 1 January 2024 127,178
Profit for the year 103,987
Dividends (90,000 )
At 31 December 2024 141,165

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is W J Latham.

13. CONTINGENT GAIN

At the start of the previous year, it was discovered that unauthorised funds had been taken from both the company's bank account and that of the parent undertaking aggregating £59,984. A sum which had been received into the funds of the parent undertaking to assist with the company being acquired from the ex-owners of £18,700 had been set off from this sum to leave the amount provided of £41,284 as an exceptional item. Legal action is being taken to recover these funds but it is not known at the date of approval of these accounts if such an action will be successful and accordingly this sum has been provided for in full.

14. ULTIMATE PARENT UNDERTAKING

The company is a wholly owned subsidiary of Triangle Information Management (Holding) Limited, whose registered office is Unit 12, Shottery Brook Office Park, Timothy's Bridge Road, Stratford upon Avon, Warwickshire, England, CV37 9NR.