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Registered number: 14405209
Tricore Technical Services Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 14405209
31 March 2025 31 March 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 68,096 -
Tangible Assets 5 145,099 3,620
213,195 3,620
CURRENT ASSETS
Debtors 6 179,228 82,083
Cash at bank and in hand 171,747 14,943
350,975 97,026
Creditors: Amounts Falling Due Within One Year 7 (340,179 ) (93,831 )
NET CURRENT ASSETS (LIABILITIES) 10,796 3,195
TOTAL ASSETS LESS CURRENT LIABILITIES 223,991 6,815
PROVISIONS FOR LIABILITIES
Deferred Taxation (8,921 ) -
NET ASSETS 215,070 6,815
CAPITAL AND RESERVES
Called up share capital 8 10 4
Profit and Loss Account 215,060 6,811
SHAREHOLDERS' FUNDS 215,070 6,815
Page 1
Page 2
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr P I Bass
Director
7 October 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Tricore Technical Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14405209 . The registered office is 34 Falcon Court, Preston Farm Industrial Estate, Stockton-On-Tees, TS18 3TX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are software development cost. It is amortised to profit and loss account over its estimated economic life of 5 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 5 years straight line
Fixtures & Fittings 5 years straight line
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
...CONTINUED
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Page 4
2.6. Taxation - continued
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2024: 2)
7 2
4. Intangible Assets
Development Costs
£
Cost
As at 1 April 2024 -
Additions 85,120
As at 31 March 2025 85,120
Amortisation
As at 1 April 2024 -
Impairment losses 17,024
As at 31 March 2025 17,024
Net Book Value
As at 31 March 2025 68,096
As at 1 April 2024 -
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 April 2024 - 5,190 5,190
Additions 105,404 72,796 178,200
As at 31 March 2025 105,404 77,986 183,390
Depreciation
As at 1 April 2024 - 1,570 1,570
Provided during the period 21,100 15,621 36,721
As at 31 March 2025 21,100 17,191 38,291
Net Book Value
As at 31 March 2025 84,304 60,795 145,099
As at 1 April 2024 - 3,620 3,620
Page 4
Page 5
6. Debtors
31 March 2025 31 March 2024
£ £
Due within one year
Trade debtors 172,407 82,083
Other debtors 6,821 -
179,228 82,083
7. Creditors: Amounts Falling Due Within One Year
31 March 2025 31 March 2024
£ £
Trade creditors 80,154 77,095
Other loans 60,673 -
Other creditors 121,277 10,092
Taxation and social security 78,075 6,644
340,179 93,831
8. Share Capital
31 March 2025 31 March 2024
£ £
Allotted, Called up and fully paid 10 4
Page 5