Registration number: 03693573

Tripleshield Property Maintenance Ltd

(Registration number: 03693573)
Statement of Financial Position as at 28 February 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	41,252	49,010
Current assets
Stocks	5	37,354	40,385
Debtors	6	1,134,352	1,311,786
Cash at bank and in hand		1	8,246
		1,171,707	1,360,417
Creditors: Amounts falling due within one year	7	(275,144)	(456,945)
Net current assets		896,563	903,472
Total assets less current liabilities		937,815	952,482
Creditors: Amounts falling due after more than one year	7	(4,170)	(14,170)
Net assets		933,645	938,312
Capital and reserves
Called up share capital		24	24
Share premium reserve		69,976	69,976
Capital redemption reserve		76	76
Retained earnings		863,569	868,236
Shareholders' funds		933,645	938,312

Tripleshield Property Maintenance Ltd

(Registration number: 03693573)
Statement of Financial Position as at 28 February 2025

For the financial year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 18 November 2025 and signed on its behalf by:
 

......................................... Miss J Smith Director

......................................... Mr TR Thompson Director

......................................... Mr Carl Martin Director

Tripleshield Property Maintenance Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
6 Arcot Court
Nelson Road
Nelson Park West
Cramlington
Northumberland
NE23 1BB

These financial statements were authorised for issue by the Board on 18 November 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Tripleshield Property Maintenance Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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 statement of financial position as a finance lease obligation.

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

Tripleshield Property Maintenance Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Share based payments

The company operates an equity-settled, share-based compensation plan, under which the entity receives services from employees as consideration for equity instruments (options) of the entity. The fair value of the employee services received is measured by reference to the estimated fair value at the grant date of equity instruments granted and is recognised as an expense over the vesting period. The estimated fair value of the option granted is calculated using the Black Scholes option pricing model. The total amount expensed is recognised over the vesting period, which is the period over which all of the specified vesting conditions are to be satisfied.

The proceeds received net of any directly attributable transaction costs are credited to share capital (nominal value) and share premium when the options are exercised.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 15 (2024 - 11).

Tripleshield Property Maintenance Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

4	Tangible assets

	Long leasehold land and buildings £	Plant and machinery £	Motor vehicles  £	Total £
Cost or valuation
At 1 March 2024	31,345	41,289	38,720	111,354
Additions	-	3,515	-	3,515
Disposals	-	-	(417)	(417)
At 28 February 2025	31,345	44,804	38,303	114,452
Depreciation
At 1 March 2024	-	38,144	24,200	62,344
Charge for the year	-	1,916	3,526	5,442
Eliminated on disposal	-	-	5,414	5,414
At 28 February 2025	-	40,060	33,140	73,200
Carrying amount
At 28 February 2025	31,345	4,744	5,163	41,252
At 29 February 2024	31,345	3,145	14,520	49,010

Included within the net book value of land and buildings above is £31,345 (2024 - £31,345) in respect of long leasehold land and buildings.
 

5

Stocks

	2025 £	2024 £
Work in progress	37,354	40,385

6

Debtors

Tripleshield Property Maintenance Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Current	2025 £	2024 £
Trade debtors	472,927	606,172
Prepayments	7,500	6,689
Other debtors	653,925	698,925
	1,134,352	1,311,786

Tripleshield Property Maintenance Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	13,078	118,330
Trade creditors		115,977	202,254
Taxation and social security		126,131	134,775
Other creditors		19,958	1,586
		275,144	456,945

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	8	4,170	14,170

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	4,170	14,170

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	9,997	9,997
Bank overdrafts	3,081	-
Hire purchase contracts	-	108,333
	13,078	118,330

9	Related party transactions

The ultimate controlling party is Martin, Smith & Thompson Ltd, registered in England & Wales.

Tripleshield Property Maintenance Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Directors' remuneration

The directors' remuneration for the year was as follows:

	2025 £	2024 £
Remuneration	27,000	27,000