REGISTERED NUMBER: 03854268 (England and Wales)

Financial Statements

for the Year Ended 31 March 2025

for

Trident Geophysical Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M J Smith

Mrs D D Smith

REGISTERED OFFICE:

Thatcher House

12 Mount Ephraim

Tunbridge Wells

Kent

TN4 8AS

REGISTERED NUMBER:

03854268 (England and Wales)

ACCOUNTANTS:

Ward Mackenzie Ltd

Chartered Accountants

Thatcher House

12 Mount Ephraim

Tunbridge Wells

Kent

TN4 8AS

Fixed assets

Tangible assets

4

347

463

Current assets

Debtors

5

7,562

15,682

Cash at bank

34,414

25,842

41,976

41,524

Creditors

Amounts falling due within one year

6

(14,893

)

(34,032

)

Net current assets

27,083

7,492

Total assets less current liabilities

27,430

7,955

Creditors

Amounts falling due after more than one year

7

-

(2,556

)

Net assets

27,430

5,399

Capital and reserves

Called up share capital

100

100

Retained earnings

8

27,330

5,299

Shareholders' funds

27,430

5,399

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 November 2025 and were signed on its behalf by:

M J Smith - Director

1.	STATUTORY INFORMATION

Trident Geophysical 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 (£).

The principal activity of the company continued Geophysical exploration.

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 represents gross invoiced sales of services.

TANGIBLE FIXED ASSETS

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

Computer equipment: 25% on reducing balance method

DEFERRED TAX

Deferred tax is not recognised in respect of all timing differences that have originated but not reversed at the balance sheet date as these are considered immaterial.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2024

and 31 March 2025

1,823

DEPRECIATION

At 1 April 2024

1,360

Charge for year

116

At 31 March 2025

1,476

NET BOOK VALUE

At 31 March 2025

347

At 31 March 2024

463

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

8,297

S455 tax recoverable

7,385

7,385

VAT

177

-

7,562

15,682

The directors consider the carrying value of trade and other receivables approximate to their fair values.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Tax liability less than 1 year

2,726

8,905

Corporation tax

8,038

18,904

VAT

-

2,661

Other creditors

1,206

672

Directors' current accounts

1,114

1,166

Accrued expenses

1,809

1,724

14,893

34,032

The directors consider the carrying amounts of current liabilities approximate to their fair values.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Tax liability more than 1 year

-

2,556

8.

RESERVES

Retained

earnings

£

At 1 April 2024

5,299

Profit for the year

33,325

Dividends

(11,294

)

At 31 March 2025

27,330

The Profit and loss account comprises all current and prior period retained profit and losses after deducting any distributions made to the company's shareholders. This is a distributable reserve.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

M J Smith

Balance outstanding at start of year

(583

)

11,672

Amounts advanced

9,654

51,230

Amounts repaid

(9,628

)

(63,485

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(557

)

(583

)

Mrs D D Smith

Balance outstanding at start of year

(583

)

11,673

Amounts advanced

9,654

31,578

Amounts repaid

(9,628

)

(43,834

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(557

)

(583

)

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £11,294 (2024 - £59,346) were paid to the directors.