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Company Registration No. 14594730 (England and Wales)
Trinity Plant and Transport Ltd Unaudited accounts for the year ended 31 January 2025
Trinity Plant and Transport Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Trinity Plant and Transport Ltd Company Information for the year ended 31 January 2025
Directors
T Doherty J McDermott M McDermott P McDermott J Moriarty
Company Number
14594730 (England and Wales)
Registered Office
19 Highfield Road Edgbaston Birmingham B15 3BH United Kingdom
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Trinity Plant and Transport Ltd Statement of financial position as at 31 January 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
1,847,738
446,272
Current assets
Debtors
5
934,545
5,708
Cash at bank and in hand
44,193
104,938
978,738
110,646
Creditors: amounts falling due within one year
6
(711,376)
(241,896)
Net current assets/(liabilities)
267,362
(131,250)
Total assets less current liabilities
2,115,100
315,022
Creditors: amounts falling due after more than one year
7
(1,045,296)
(294,070)
Provisions for liabilities
Deferred tax
(267,400)
(5,200)
Net assets
802,404
15,752
Capital and reserves
Called up share capital
100
100
Profit and loss account
802,304
15,652
Shareholders' funds
802,404
15,752
For the year ending 31 January 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 16 October 2025 and were signed on its behalf by
M McDermott Director Company Registration No. 14594730
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Trinity Plant and Transport Ltd Notes to the Accounts for the year ended 31 January 2025
1
Statutory information
Trinity Plant and Transport Ltd is a private company, limited by shares, registered in England and Wales, registration number 14594730. The registered office is 19 Highfield Road, Edgbaston, Birmingham, B15 3BH, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard. The financial statements have been prepared under the historic cost convention.
3
Accounting policies
Presentation currency
The accounts are presented in £ sterling.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10.8-11.7% on cost
Taxation
Taxation for the period 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 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. Current or deferred taxation assets and liabilities are not discounted.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Hire purchase and leasing commitments
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Trinity Plant and Transport Ltd Notes to the Accounts for the year ended 31 January 2025
4
Tangible fixed assets
Plant & machinery
£
Cost or valuation
At cost
At 1 February 2024
471,044
Additions
1,634,316
Disposals
(74,603)
At 31 January 2025
2,030,757
Depreciation
At 1 February 2024
24,772
Charge for the year
168,604
On disposals
(10,357)
At 31 January 2025
183,019
Net book value
At 31 January 2025
1,847,738
At 31 January 2024
446,272
2025
2024
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Plant & machinery
1,821,365
346,023
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
1,080
-
Accrued income and prepayments
51,100
5,608
Other debtors
882,365
100
934,545
5,708
6
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
29,104
2,835
Obligations under finance leases and hire purchase contracts
504,848
109,470
Trade creditors
43,200
-
Other creditors
134,224
129,591
711,376
241,896
The liabilities under hire purchase contracts are secured by the assets to which they relate.
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Obligations under finance leases and hire purchase contracts
945,296
194,070
Other creditors
100,000
100,000
1,045,296
294,070
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Trinity Plant and Transport Ltd Notes to the Accounts for the year ended 31 January 2025
8
Average number of employees
During the year the average number of employees was 5 (2024: 5).
9
Reconciliations on adoption of FRS 102
Reconciliation of equity
16 January 2023
31 January 2024
£
£
Capital and reserves (as previously stated)
-
10,552
Deferred tax provision
-
5,200
Capital and reserves (as restated)
-
15,752
The prior period to 31 January 2024 has been restated due to the transition from FRS105 to FRS 102 Section 1A Small Entities. The only adjustment required upon transition was the recognition of a deferred tax liability.
Reconciliation of profit or loss for the year
31 January 2024
£
Profit for the year (as previously stated)
10,452
Deferred tax charge
5,200
Profit for the year (as restated)
15,652
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