REGISTERED NUMBER: 11686266 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

TRIRIDE GM LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr N L S Milgate

REGISTERED OFFICE:

Unit 1 Bridge Court

Wrecclesham

Farnham

GU10 4QE

REGISTERED NUMBER:

11686266 (England and Wales)

ACCOUNTANTS:

Fusion Accountancy Limited

Marlborough House

298 Regents Park Road

London

N3 2SZ

FIXED ASSETS

Tangible assets

4

83,589

85,191

Investments

5

100,624

-

184,213

85,191

CURRENT ASSETS

Stocks

6

87,384

62,526

Debtors

7

333,950

396,521

Cash at bank and in hand

306,098

454,616

727,432

913,663

CREDITORS

Amounts falling due within one year

8

475,221

656,137

NET CURRENT ASSETS

252,211

257,526

TOTAL ASSETS LESS CURRENT LIABILITIES

436,424

342,717

PROVISIONS FOR LIABILITIES

9

14,200

-

NET ASSETS

422,224

342,717

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

421,224

341,717

422,224

342,717

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.

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 29 September 2025 and were signed by:

Mr N L S Milgate - Director

1.	STATUTORY INFORMATION

Triride Gm Ltd 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.

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.

Freehold property

-

20% on cost

Office Equipment

-

10% on cost

Fixtures and fittings

-

10% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

25% on 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Office

and

property

Equipment

fittings

£

£

£

COST

At 1 January 2024

7,257

82,197

12,319

Additions

10,657

3,550

5,638

At 31 December 2024

17,914

85,747

17,957

DEPRECIATION

At 1 January 2024

5,805

22,043

5,599

Charge for year

1,679

8,489

1,376

At 31 December 2024

7,484

30,532

6,975

NET BOOK VALUE

At 31 December 2024

10,430

55,215

10,982

At 31 December 2023

1,452

60,154

6,720

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

49,402

5,910

157,085

Additions

-

4,943

24,788

At 31 December 2024

49,402

10,853

181,873

DEPRECIATION

At 1 January 2024

35,784

2,663

71,894

Charge for year

13,618

1,228

26,390

At 31 December 2024

49,402

3,891

98,284

NET BOOK VALUE

At 31 December 2024

-

6,962

83,589

At 31 December 2023

13,618

3,247

85,191

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

Additions

100,624

At 31 December 2024

100,624

NET BOOK VALUE

At 31 December 2024

100,624

6.

STOCKS

31.12.24

31.12.23

£

£

Stocks

87,384

62,526

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

287,432

356,865

Other debtors

26,689

21,600

Prepayments and accrued income

19,829

18,056

333,950

396,521

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

-

3,594

Trade creditors

277,571

459,896

Corporation tax

35,319

12,434

Social security and other taxes

5,327

6,796

VAT

83,713

102,293

Other creditors

73,291

71,124

475,221

656,137

9.	PROVISIONS FOR LIABILITIES

31.12.24

31.12.23

£

£

Deferred tax

14,200

-

Deferred tax

£

Provided during year

14,200

Balance at 31 December 2024

14,200