Tricounty Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02218461 (England and Wales)

Unaudited Financial Statements

For The Year Ended 31 March 2026

for

Tricounty Limited

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

4

352,668

355,880

CURRENT ASSETS

Stocks

60,955

46,931

Debtors

5

20,061

21,273

Cash at bank and in hand

66,552

63,726

147,568

131,930

CREDITORS

Amounts falling due within one year

6

106,218

107,941

NET CURRENT ASSETS

41,350

23,989

TOTAL ASSETS LESS CURRENT
LIABILITIES

394,018

379,869

CREDITORS

Amounts falling due after more than one
year

7

135,517

138,257

NET ASSETS

258,501

241,612

CAPITAL AND RESERVES

Called up share capital

10,000

Revaluation reserve

9

253,064

Retained earnings

(4,563

)

(21,452

)

SHAREHOLDERS' FUNDS

258,501

241,612

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

The members have not required the company to obtain an audit of its financial statements for the year 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 October 2026 and were signed on its behalf by:

K J Butson - Director

1.	STATUTORY INFORMATION

Tricounty Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

02218461

Registered office:

Unit 6

Westbridge Industrial Estate

Tavistock

Devon

PL19 8DG

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 as modified by the revaluation of certain assets.

Although the company has overdrawn retained earnings the directors believe that it is appropriate to prepare the accounts on a going concern basis given the continued financial support of the directors.

The directors therefore believes that there is not a material uncertainty over the company's ability to continue as a going concern.

Turnover

Turnover is the amount derived from ordinary activities, and stated after trade discounts, other sales taxes and net of VAT. Turnover is recognised when the customer takes physical ownership of the goods.

Rental income in the accounts is recognised in the period it is paid.

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

-

20% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

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 Statement of Income and Retained Earnings, 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.

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 5 (2025 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST OR VALUATION

At 1 April 2025

380,000

139,872

519,872

Additions

-

6,550

At 31 March 2026

380,000

146,422

526,422

DEPRECIATION

At 1 April 2025

50,400

113,592

163,992

Charge for year

5,600

4,162

9,762

At 31 March 2026

56,000

117,754

173,754

NET BOOK VALUE

At 31 March 2026

324,000

28,668

352,668

At 31 March 2025

329,600

26,280

355,880

Included in cost or valuation of land and buildings is freehold land of £ 100,000 (2025 - £ 100,000 ) which is not depreciated.

If freehold land and buildings had not been revalued they would have been included at a historical cost of £143,902 with aggregate depreciation of £31,608, giving a carrying value of £112,294. The property was last revalued by the directors at 31 March 2012.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

Trade debtors

11,448

11,366

Other debtors

8,613

9,907

20,061

21,273

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

Bank loans and overdrafts

4,556

8,529

Hire purchase contracts

2,184

-

Trade creditors

42,309

39,240

Taxation and social security

2,706

3,183

Other creditors

54,463

56,989

106,218

107,941

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

Bank loans

117,972

118,555

Hire purchase contracts

2,364

-

Other creditors

15,181

19,702

135,517

138,257

Amounts falling due in more than five years:

Repayable by instalments

Bank loan

99,746

84,437

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.26

31.3.25

£

Bank loans

122,528

127,084

Hire purchase contracts

4,548

-

127,076

127,084

The bank loan is secured by a first legal charge over the company's property, a debenture, postponement of the directors loan account and a personal guarantee of £200,000 from the directors Mr & Mrs Butson.

The hire purchase balance is secured on the assets it is financing.

9.

RESERVES

Revaluation

reserve

£

At 1 April 2025

and 31 March 2026

253,064

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2026 and 31 March 2025:

31.3.26

31.3.25

£

M Butson

Balance outstanding at start of year

2,188

-

Amounts advanced

1,000

2,500

Amounts repaid

(2,500

)

(312

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

688

2,188

The loan is interest free and repayable on demand.