REGISTERED NUMBER: 02597575 (England and Wales)

Triple R Engineering Limited

Unaudited Financial Statements for the Year Ended 31 March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S R Wadey

Mr R Wadey

Mrs J M Wadey

SECRETARY:

Mrs J M Wadey

REGISTERED OFFICE:

Atlantic House

8 Bell Lane

Uckfield

East Sussex

TN22 1QL

REGISTERED NUMBER:

02597575 (England and Wales)

ACCOUNTANTS:

Swindells LLP

Chartered Accountants

Atlantic House

8 Bell Lane

Bellbrook Industrial Estate

Uckfield

East Sussex

TN22 1QL

FIXED ASSETS

Tangible assets

4

1,179,099

1,250,394

CURRENT ASSETS

Stocks

218,128

192,450

Debtors

5

202,337

393,663

Cash at bank

67,443

65,990

487,908

652,103

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

6

390,965

514,589

NET CURRENT ASSETS

96,943

137,514

TOTAL ASSETS LESS CURRENT LIABILITIES

1,276,042

1,387,908

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

7

(619,741

)

(655,003

)

PROVISIONS FOR LIABILITIES

(2,195

)

(6,631

)

NET ASSETS

654,106

726,274

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

654,006

726,174

SHAREHOLDERS' FUNDS

654,106

726,274

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 December 2025 and were signed on its behalf by:

Mr S R Wadey - Director

1.	STATUTORY INFORMATION

Triple R Engineering Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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

-

2% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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 Profit and Loss Account, 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 13 (2024 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 April 2024

1,051,227

330,029

35,008

Additions

-

-

1,199

At 31 March 2025

1,051,227

330,029

36,207

DEPRECIATION

At 1 April 2024

8,760

190,764

28,140

Charge for year

21,025

34,820

2,017

At 31 March 2025

29,785

225,584

30,157

NET BOOK VALUE

At 31 March 2025

1,021,442

104,445

6,050

At 31 March 2024

1,042,467

139,265

6,868

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2024

278,008

2,722

1,696,994

Additions

-

1,087

2,286

At 31 March 2025

278,008

3,809

1,699,280

DEPRECIATION

At 1 April 2024

218,123

813

446,600

Charge for year

14,972

747

73,581

At 31 March 2025

233,095

1,560

520,181

NET BOOK VALUE

At 31 March 2025

44,913

2,249

1,179,099

At 31 March 2024

59,885

1,909

1,250,394

Included in the net book value of tangible assets is £30,100 (2024 - £40,136) in respect of assets held as security under finance lease agreements.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

146,483

245,244

Other debtors

55,854

148,419

202,337

393,663

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

29,699

191,889

Hire purchase contracts

11,950

18,425

Trade creditors

75,586

79,987

Taxation and social security

65,136

15,912

Other creditors

208,594

208,376

390,965

514,589

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

615,619

645,801

Hire purchase contracts

4,122

9,202

619,741

655,003

Amounts falling due in more than five years:

Repayable by instalments

Bank loans

473,853

517,578

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

645,318

837,685

Bank loans are secured by fixed and floating charges over the company's property and assets.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

40

Ordinary A

1

40

40

40

Ordinary B

1

40

40

20

Ordinary C

1

20

20

100

100

All share classes rank pari passu in all respects.

10.	OTHER FINANCIAL COMMITMENTS

At the balance sheet date the company had commitments under non cancellable operating leases amounting to £26,360 (2024 - £47,447).

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, the company made advances to a director totalling £20,445 (2024 - £11,116) and was repaid amounts totalling £11,045 (2024 - £nil). At the balance sheet date the director owed the company £20,721 (2024 - £11,045). Interest was charged in the year totalling £276 (2024 - £nil). This loan is unsecured and repayable on demand.

During the year, the company made advances to a second director totalling £19,419 (2024 - £10,454) and was repaid amounts totalling £9,939 (2024 - £nil). At the balance sheet date the director owed the company £19,599 (2024 - £9,939). Interest was charged in the year totalling £180 (2024 - £nil). This loan is unsecured and repayable on demand.

During the year, the company made advances to a third director totalling £13,190 (2024 - £22,075) and was repaid amounts totalling £12,461 (2024 - £9,607). At the balance sheet date the director owed the company £13,223 (2024 - £12,369). Interest was charged in the year totalling £125 (2024 - £nil). This loan is unsecured and repayable on demand.

12.	RELATED PARTY DISCLOSURES

During the year, total dividends of £142,126 (2024 - £105,126) were paid to the directors .

Following the dissolution of an LLP partnership in which the directors were also members the sum of £1,236 has been written off as a bad debt.