Trident Computers (U.K.) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02581305 (England and Wales)

Unaudited Financial Statements

for the Period 1 May 2025 to 31 March 2026

for

TRIDENT COMPUTERS (U.K.) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T H Gunter

L R Harvey

L R Sargent

M Stredwick

N Patel

V Cope

SECRETARY:

L R Sargent

REGISTERED OFFICE:

Shaftesbury Court

95 Ditchling Road

Brighton

East Sussex

BN1 4ST

REGISTERED NUMBER:

02581305 (England and Wales)

ACCOUNTANTS:

Plus Accounting

Chartered Accountants

Preston Park House

South Road

Brighton

East Sussex

BN1 6SB

FIXED ASSETS

Tangible assets

4

303,646

358,209

Investments

5

1

303,647

358,210

CURRENT ASSETS

Stocks

249

1,348

Debtors

6

1,221,063

1,459,858

Cash at bank and in hand

1,777,681

1,207,541

2,998,993

2,668,747

CREDITORS

Amounts falling due within one year

7

(2,329,102

)

(1,591,607

)

NET CURRENT ASSETS

669,891

1,077,140

TOTAL ASSETS LESS CURRENT
LIABILITIES

973,538

1,435,350

PROVISIONS FOR LIABILITIES

9

(71,674

)

(82,495

)

NET ASSETS

901,864

1,352,855

CAPITAL AND RESERVES

Called up share capital

10

2,002

Share premium

900

Capital redemption reserve

18,001

Retained earnings

880,961

1,331,952

SHAREHOLDERS' FUNDS

901,864

1,352,855

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2026 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 September 2026 and were signed on its behalf by:

L R Sargent - Director

1.	STATUTORY INFORMATION

Trident Computers (U.K.) 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 presentational currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements are rounded to the nearest pound.

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.

Preparation of consolidated financial statements

The financial statements contain information about Trident Computers (U.K.) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Poseidon Ventures Limited, Shaftsbury Court, 95 Ditchling Road, Brighton, BN1 4ST.

Significant judgements and estimates

Preparation of the financial statements requires management to make significant judgements and estimates and these estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The items in the financial statements where these judgements and estimates have been made include the useful economic life of tangible fixed assets, the depreciation of these assets, stock obsolescence, provisions, and the recoverability of debtors.

Key sources of estimation uncertainty

The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are depreciated over the approved depreciation rates. The carrying amount of tangible fixed assets is £303,645 (2025: £358,209) as noted in note 10.

Tax Provision

The tax provision is based on management's best estimate of the amount expected to be payable, having considered the current tax legislation, correspondence with tax authorities and any areas of uncertainty.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of the 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.

Sale of goods

Turnover from the sale of goods is recognised at the point when the significant risk and rewards of ownership has transferred to the customer. This is usually at the point the customer takes ownership of the goods purchased.

Rendering of services

Revenue in respect of servicing contracts is recognised as the company performs its obligations and when the outcome of the transaction can be estimated reliably. The company is able to reliably estimate the outcome of a service contract when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;

- it is probable (ie, more likely than not) that the economic benefits associated with the transaction will flow to the entity;

- the stage of completion of the transaction at the end of the reporting period can be measured reliably; and

- the costs incurred for the transaction and the costs to complete the transaction can be measured reliably.

Where the company renders invoices in advance of work performed, the sale is deferred in the balance sheet as deferred income and is presented within creditors falling due within one year, per the revenue recognition criteria in FRS 102, Section 23.

Tangible fixed assets

Tangible fixed assets are stated at cost, or deemed cost, less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles

-

25% straight line allowing for residual value

Computer equipment

-

33% straight line

Fixtures and fittings

-

Over the term of the lease

Long leasehold

-

Over the term of the lease

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less impairment.

Stocks

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items.

Stock consists of IT consumables and accessories.

Financial instruments

At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.

The company's financial instruments comprise cash, debtors (trade and other debtors) and creditors (trade, other creditors, accruals and deferred income). A financial asset or a financial liability is recognised when the company becomes party to the contractual provisions of the instrument. The de-recognition of a financial instrument takes place when the company no longer controls substantially all the risks and rewards.

At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of an asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

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 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 period 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

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 plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in the Income Statement when they fall due. Amounts not paid are shown in accruals as a liability on the Balance Sheet. The assets of the plan are held separately from the company in independently administered funds.

Going concern

The Directors have reasonable expectation that the company has adequate resources to continue in existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Impairment policy

At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of an asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at all with banks, other short-term liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 83 (2025 - 87 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Long

and

Motor

Computer

leasehold

fittings

vehicles

equipment

Totals

£

COST

At 1 May 2025

41,638

296,708

235,610

899,592

1,473,548

Additions

-

9,938

-

38,756

48,694

At 31 March 2026

41,638

306,646

235,610

938,348

1,522,242

DEPRECIATION

At 1 May 2025

31,672

215,573

81,906

786,188

1,115,339

Charge for period

-

13,459

33,317

56,481

103,257

At 31 March 2026

31,672

229,032

115,223

842,669

1,218,596

NET BOOK VALUE

At 31 March 2026

9,966

77,614

120,387

95,679

303,646

At 30 April 2025

9,966

81,135

153,704

113,404

358,209

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 May 2025

and 31 March 2026

1

NET BOOK VALUE

At 31 March 2026

1

At 30 April 2025

1

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade debtors

860,758

1,045,046

Other debtors

360,305

414,812

1,221,063

1,459,858

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade creditors

986,779

445,931

Taxation and social security

483,050

532,874

Other creditors

859,273

612,802

2,329,102

1,591,607

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2026

2025

£

Within one year

365,989

369,199

Between one and five years

483,943

762,067

849,932

1,131,266

The total lease payments recognised as an expense in the period is £231,499 (2025: £495,910).

9.	PROVISIONS FOR LIABILITIES

2026

2025

£

Deferred tax

61,674

72,495

Dilapidation Provision

10,000

71,674

82,495

Deferred tax

£

Balance at 1 May 2025

72,495

Utilised during period

(10,821

)

Balance at 31 March 2026

61,674

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

2

'A' Ordinary

£1

2

2,000

Ordinary

£1

2,000

2,002

Ordinary shares: These carry voting rights of one vote per ordinary shares, entitlement to dividends and capital distributions on winding-up.

'A' Ordinary shares: These carry voting rights of five votes per share and rank pari passu with the Ordinary shares in respect of dividends. However, they do not carry any entitlement to participate in a distribution on a winding-up of the company.

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the periods ended 31 March 2026 and 30 April 2025:

2026

2025

£

T H Gunter

Balance outstanding at start of period

55,261

44,093

Amounts advanced

2,072

11,168

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of period

57,333

55,261

L R Harvey

Balance outstanding at start of period

63,047

61,660

Amounts advanced

17,806

1,387

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of period

80,853

63,047

These loans are repayable on demand and £4,879 (2025: £2,555) interest is charged at HMRC's official interest rate of 3.75% (2025: 2.25%).

12.	RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption under FRS 102 paragraph 33.1A and has not disclosed transactions with its parent company. The consolidated financial statements of Poseidon Ventures Limited, incorporated in England and Wales, within which the results of the company are included, are publicly available.

There are no other related party transactions requiring disclosure.

13.	ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of its parent company, Poseidon Ventures Limited. The only group in which the results of the company are consolidated is that headed by Poseidon Ventures Limited, as the ultimate parent company. The consolidated accounts for the group are publicly available at Shaftesbury Court, 95 Ditchling Road, Brighton, BN1 4ST.

The ultimate controlling party of the company is Lee Harvey.