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REGISTERED NUMBER: 13659174 (England)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Trinity Gas Limited

Trinity Gas Limited (Registered number: 13659174)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Trinity Gas Limited

Company Information
for the Year Ended 31 October 2024







DIRECTOR: Mr Charlie Jordan Sonny Spicer





REGISTERED OFFICE: Unit 1
Cam Centre
Wilbury Way
Hitchin
Hertfordshire
SG4 0TW





REGISTERED NUMBER: 13659174 (England)

Trinity Gas Limited (Registered number: 13659174)

Balance Sheet
31 October 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 11,183 14,911

CURRENT ASSETS
Stocks 7,165 6,632
Debtors 5 30,364 12,711
Cash at bank 2,905 4,675
40,434 24,018
CREDITORS
Amounts falling due within one year 6 (44,355 ) (25,037 )
NET CURRENT LIABILITIES (3,921 ) (1,019 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,262

13,892

CREDITORS
Amounts falling due after more than one year 7 (4,789 ) (10,015 )

PROVISIONS FOR LIABILITIES (2,125 ) (2,440 )
NET ASSETS 348 1,437

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 248 1,337
SHAREHOLDERS' FUNDS 348 1,437

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Trinity Gas Limited (Registered number: 13659174)

Balance Sheet - continued
31 October 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 May 2025 and were signed by:





Mr Charlie Jordan Sonny Spicer - Director


Trinity Gas Limited (Registered number: 13659174)

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


1. STATUTORY INFORMATION

Trinity Gas Limited is a private company, limited by shares , registered in England. 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.

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

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

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.

Trinity Gas Limited (Registered number: 13659174)

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


2. ACCOUNTING POLICIES - continued

Leases
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Going concern
At the balance sheet date, the company had net current liabilities. The director pledged his ongoing support and as such the financial statements have been prepared on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2023
and 31 October 2024 26,290
DEPRECIATION
At 1 November 2023 11,379
Charge for year 3,728
At 31 October 2024 15,107
NET BOOK VALUE
At 31 October 2024 11,183
At 31 October 2023 14,911

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 30,364 12,711

Trinity Gas Limited (Registered number: 13659174)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) 5,225 5,225
Trade creditors (1 ) (2 )
Taxation and social security 38,231 18,914
Other creditors 900 900
44,355 25,037

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) 4,789 10,015

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year 5,225 5,225
Between one and five years 4,789 10,015
10,014 15,240

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1.00 100 100

10. RELATED PARTY DISCLOSURES

Mr Charlie Jordan Sonny Spicer
A company in which Mr Spicer is a shareholder


2024 2023
£    £   
Amount due from related party at the balance sheet date 21,017 10,977

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr Charlie Jordan Sonny Spicer.