Trichord Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07259134 (England and Wales)

Trichord Limited

Unaudited Financial Statements for the Year Ended 30 November 2018

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P R Herring

REGISTERED OFFICE:

Unit 5

Abbey Business Park

Farnham

Surrey

GU9 8HT

REGISTERED NUMBER:

07259134 (England and Wales)

ACCOUNTANTS:

Hughes Waddell

The White House

2 Meadrow

Godalming

Surrey

GU7 3HN

FIXED ASSETS

Tangible assets

4

8,754

5,850

Investments

5

354,330

333,433

363,084

339,283

CURRENT ASSETS

Stocks

275,851

310,727

Debtors

6

677,478

541,873

Cash at bank

18,274

109,770

971,603

962,370

CREDITORS

Amounts falling due within one year

7

935,188

883,632

NET CURRENT ASSETS

36,415

78,738

TOTAL ASSETS LESS CURRENT LIABILITIES

399,499

418,021

CREDITORS

Amounts falling due after more than one year

8

-

(28,743

)

PROVISIONS FOR LIABILITIES

(1,663

)

(1,149

)

NET ASSETS

397,836

388,129

CAPITAL AND RESERVES

Called up share capital

217

217

Share premium

104,233

104,233

Retained earnings

293,386

283,679

SHAREHOLDERS' FUNDS

397,836

388,129

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 director on 4 June 2019 and were signed by:

P R Herring - Director

1.	STATUTORY INFORMATION

Trichord 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 (£).

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery etc

-

33% on cost and 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 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 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.

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 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 4 (2017 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2017

90,389

Additions

7,457

At 30 November 2018

97,846

DEPRECIATION

At 1 December 2017

84,539

Charge for year

4,553

At 30 November 2018

89,092

NET BOOK VALUE

At 30 November 2018

8,754

At 30 November 2017

5,850

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 December 2017

333,433

Exchange differences

20,897

At 30 November 2018

354,330

NET BOOK VALUE

At 30 November 2018

354,330

At 30 November 2017

333,433

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.18

30.11.17

£

£

Trade debtors

372,967

274,655

Other debtors

304,511

267,218

677,478

541,873

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.18

30.11.17

£

£

Bank loans and overdrafts

237,444

211,492

Hire purchase contracts

12,641

11,428

Trade creditors

323,459

164,785

Taxation and social security

12,631

3,461

Other creditors

349,013

492,466

935,188

883,632

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.18

30.11.17

£

£

Bank loans

-

16,100

Hire purchase contracts

-

12,643

-

28,743

9.	SECURED DEBTS

The following secured debts are included within creditors:

30.11.18

30.11.17

£

£

Bank overdrafts

198,524

194,415

Bank loans

38,920

33,177

237,444

227,592

The above amounts are secured by way of a fixed and floating charge over the assets of the company.