Company Registration No. SC359209 (Scotland)
Trinity Glazing Limited
Unaudited accounts
for the year ended 31 May 2025
Trinity Glazing Limited
Unaudited accounts
Contents
Trinity Glazing Limited
Company Information
for the year ended 31 May 2025
Directors
JASON PATERSON
LISA PATERSON
Company Number
SC359209 (Scotland)
Registered Office
Trinity Glazing Ltd
Unit 4a
Stewartfield
Edinburgh
Midlothian
EH6 5RQ
Scotland
Accountants
Nicola Hancock CA
45 Gilberstoun Loan
Edinburgh
EH15 2RQ
Trinity Glazing Limited
Statement of financial position
as at 31 May 2025
Tangible assets
372,881
285,574
Inventories
129,576
97,051
Cash at bank and in hand
511,354
445,703
Creditors: amounts falling due within one year
(446,560)
(347,895)
Net current assets
567,859
512,684
Total assets less current liabilities
940,740
798,258
Creditors: amounts falling due after more than one year
(148,624)
(88,043)
Provisions for liabilities
Deferred tax
(44,335)
(33,259)
Net assets
747,781
676,956
Called up share capital
2
2
Profit and loss account
747,779
676,954
Shareholders' funds
747,781
676,956
For the year ending 31 May 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 26 May 2026 and were signed on its behalf by
JASON PATERSON
Director
Company Registration No. SC359209
Trinity Glazing Limited
Notes to the Accounts
for the year ended 31 May 2025
Trinity Glazing Limited is a private company, limited by shares, registered in Scotland, registration number SC359209. The registered office is Trinity Glazing Ltd, Unit 4a, Stewartfield, Edinburgh, Midlothian, EH6 5RQ, Scotland.
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 principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
20% REDUCING BALANCE
Motor vehicles
20% REDUCING BALANCE
Fixtures & fittings
20% STRAIGHT LINE
Computer equipment
20% STRAIGHT LINE
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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.
Deferred tax assets and liabilities are not discounted.
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.
Trinity Glazing Limited
Notes to the Accounts
for the year ended 31 May 2025
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
4
Intangible fixed assets
Total
5
Tangible fixed assets
Total
Charge for the year
47,013
6
Deferred taxation
2025
2024
Accelerated capital allowances
44,335
33,259
Provision at start of year
33,259
-
Charged to the profit and loss account
11,076
33,259
Provision at end of year
44,335
33,259
Trinity Glazing Limited
Notes to the Accounts
for the year ended 31 May 2025
Monies were loaned to the directors in the year, in equal amounts. Highest amount outstanding to each director in the year was £85,621.90, being the balance as at the year ended 31/3/25.
8
Transactions with related parties
As at 31st May 2025, Trinity Glazing was owed £20,920 from JP Property Rentals Ltd, a company of which Mr and Mrs Paterson are directors and shareholders.
During the year, a property owned by Trinity Glazing Ltd was sold to Mr and Mrs Paterson. No independent valuation was carried out.
9
Average number of employees
During the year the average number of employees was 20 (2024: 18).