| Trinity Arts Ltd |
Registered number: |
| SC257870 |
| Balance Sheet |
| as at 31 March 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
36,330 |
|
|
49,375 |
|
| Current assets |
| Stocks |
|
|
168,031 |
|
|
232,737 |
| Debtors |
4 |
|
11,762 |
|
|
22,951 |
| Cash at bank and in hand |
|
|
22,087 |
|
|
59,857 |
|
|
|
201,880 |
|
|
315,545 |
|
| Creditors: amounts falling due within one year |
5 |
|
(209,972) |
|
|
(284,246) |
|
| Net current (liabilities)/assets |
|
|
|
(8,092) |
|
|
31,299 |
|
| Total assets less current liabilities |
|
|
|
28,238 |
|
|
80,674 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
(10,618) |
|
|
(44,894) |
|
|
| Net assets |
|
|
|
17,620 |
|
|
35,780 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
7 |
|
|
4 |
|
|
4 |
| Profit and loss account |
|
|
|
17,616 |
|
|
35,776 |
|
| Shareholders' funds |
|
|
|
17,620 |
|
|
35,780 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with Section 476 of the Companies Act 2006 for the year ended 31 March 2025 . |
| The directors acknowledge their responsibilities for complying with the requirements of Section 386 and Section 387 of the Companies Act 2006 with respect to accounting records and the preparation of the financial statements which give a true and fair view of the state of affairs of the company as at 31 March 2025, and of its profit or loss for the financial year in accordance with the requirements of Section 396 and which otherwise comply with the requirements of the Act relating to the accounts so far as applicable to the company. |
| The financial statements have been prepared in accordance with the special provisions in Part 15 of the Companies Act 2006 applicable to small companies and the Financial Reporting Standard for Smaller Entities (April 2008). The profit and loss account has not been delivered to the Registrar of Companies in accordance with S444 of the Companies Act 2006. |
| The financial statements were approved by the Board on 11 December 2025 and signed on its behalf by: |
|
|
|
| Paul A Wallace |
| Director |
|
| Trinity Arts Ltd |
| Notes to the Accounts |
| for the year ended 31 March 2025 |
|
|
| 1 |
Accounting policies |
|
|
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
|
|
|
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 art materials. |
|
|
|
|
Tangible fixed assets Depreciation |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Plant and machinery |
25% reducing balance |
|
Motor vehicles |
25% reducing balance |
|
|
|
|
|
Stocks |
|
Stocks consist of art materials and are included at last cost. |
|
|
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
7 |
|
7 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
Plant and machinery etc |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 April 2024 |
65,177 |
|
34,279 |
|
99,456 |
|
Disposals |
(2,317) |
|
- |
|
(2,317) |
|
At 31 March 2025 |
62,860 |
|
34,279 |
|
97,139 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2024 |
35,084 |
|
14,997 |
|
50,081 |
|
Charge for the year |
7,292 |
|
4,821 |
|
12,113 |
|
On disposals |
(1,385) |
|
- |
|
(1,385) |
|
At 31 March 2025 |
40,991 |
|
19,818 |
|
60,809 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2025 |
21,869 |
|
14,461 |
|
36,330 |
|
At 31 March 2024 |
30,093 |
|
19,282 |
|
49,375 |
|
|
|
|
|
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
3,670 |
|
22,046 |
|
Director's Loan |
|
|
|
|
1,659 |
|
- |
|
Debtors - VAT Control |
|
|
|
|
5,480 |
|
- |
|
Other debtors |
953 |
|
905 |
|
|
|
|
|
|
11,762 |
|
22,951 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans |
48,800 |
|
32,624 |
|
Obligations under hire purchase contracts |
3,476 |
|
3,476 |
|
Directors' loan account |
500 |
|
1,744 |
|
Trade creditors |
152,041 |
|
208,131 |
|
Other taxes and social security costs |
2,181 |
|
34,571 |
|
Other creditors |
2,974 |
|
3,700 |
|
|
|
|
|
|
209,972 |
|
284,246 |
|
|
|
|
|
|
|
|
|
|
The loans from the directors are interest free and no arrangements exist for their repayment. |
|
|
| 6 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans |
5,404 |
|
36,204 |
|
Obligations under hire purchase contracts |
5,214 |
|
8,690 |
|
|
|
|
|
|
10,618 |
|
44,894 |
|
|
|
|
|
|
|
|
|
|
|
| 7 |
Share Capital |
Nominal |
|
2025 |
|
2025 |
|
2024 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary Shares |
£1 each |
|
4 |
|
4 |
|
4 |
|
|
|
| 8 |
Ultimate controlling party |
|
|
The directors confirm that in their opinion, the company has no controlling party. |
|
|
|
| 9 |
Other information |
|
|
Trinity Arts Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is: |
|
Unit F - Hawkhill Court |
|
Mid Wynd |
|
Dundee |
|
DD1 4GJ |