Tripod Building Services Limited 31/08/2018 iXBRL

Tripod Building Services Limited 31/08/2018 iXBRL

TRIPOD BUILDING SERVICES LIMITED - Company Information

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31/08/2018 2018-08-31 false false false false false false false false false false true false false true false false false false false false false false No description of principal activities is disclosed 2017-09-01 Sage Accounts Production 18.30 - FRS xbrli:pure xbrli:shares iso4217:GBP 09175946 2017-09-01 2018-08-31 09175946 2018-08-31 09175946 2017-08-31 09175946 2016-09-01 2017-08-31 09175946 2017-08-31 09175946 2016-08-31 09175946 core:FurnitureFittingsToolsEquipment 2017-09-01 2018-08-31 09175946 core:MotorVehicles 2017-09-01 2018-08-31 09175946 bus:RegisteredOffice 2017-09-01 2018-08-31 09175946 bus:LeadAgentIfApplicable 2017-09-01 2018-08-31 09175946 bus:Director1 2017-09-01 2018-08-31 09175946 bus:Director2 2017-09-01 2018-08-31 09175946 bus:Director3 2017-09-01 2018-08-31 09175946 core:FurnitureFittingsToolsEquipment 2017-08-31 09175946 core:MotorVehicles 2017-08-31 09175946 core:FurnitureFittingsToolsEquipment 2018-08-31 09175946 core:MotorVehicles 2018-08-31 09175946 core:RetainedEarningsAccumulatedLosses 2016-09-01 2017-08-31 09175946 core:RetainedEarningsAccumulatedLosses 2017-09-01 2018-08-31 09175946 core:WithinOneYear 2018-08-31 09175946 core:WithinOneYear 2017-08-31 09175946 core:ShareCapital 2018-08-31 09175946 core:ShareCapital 2017-08-31 09175946 core:RetainedEarningsAccumulatedLosses 2018-08-31 09175946 core:RetainedEarningsAccumulatedLosses 2017-08-31 09175946 core:ShareCapital 2016-08-31 09175946 core:RetainedEarningsAccumulatedLosses 2016-08-31 09175946 core:FurnitureFittingsToolsEquipment 2017-08-31 09175946 core:MotorVehicles 2017-08-31 09175946 bus:Director2 2017-08-31 09175946 bus:Director2 2018-08-31 09175946 bus:Director2 2017-08-31 09175946 bus:Director1 2016-09-01 2017-08-31 09175946 bus:Director2 2016-09-01 2017-08-31 09175946 bus:Director3 2016-09-01 2017-08-31 09175946 bus:SmallEntities 2017-09-01 2018-08-31 09175946 bus:AuditExempt-NoAccountantsReport 2017-09-01 2018-08-31 09175946 bus:FullAccounts 2017-09-01 2018-08-31 09175946 bus:SmallCompaniesRegimeForAccounts 2017-09-01 2018-08-31 09175946 bus:PrivateLimitedCompanyLtd 2017-09-01 2018-08-31 09175946 1 2017-09-01 2018-08-31
Company registration number: 09175946
Tripod Building Services Limited
Unaudited filleted financial statements
31 August 2018
Tripod Building Services Limited
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Tripod Building Services Limited
Directors and other information
Directors Andrew Downie (Resigned 31 October 2017)
Jonathan Griffiths
Company number 09175946
Registered office 46 Station Road
Ystradgynlais
Swansea
SA9 1NX
Accountants Morgan Hemp
103-104 Walter Road
Swansea
SA1 5QF
Tripod Building Services Limited
Statement of financial position
31 August 2018
2018 2017
Note £ £ £ £
Fixed assets
Tangible assets 4 1,726 4,050
_______ _______
1,726 4,050
Current assets
Stocks 3,265 4,767
Debtors 5 38,231 35,878
Cash at bank and in hand 1,540 877
_______ _______
43,036 41,522
Creditors: amounts falling due
within one year 6 ( 40,239) ( 36,071)
_______ _______
Net current assets 2,797 5,451
_______ _______
Total assets less current liabilities 4,523 9,501
_______ _______
Net assets 4,523 9,501
_______ _______
Capital and reserves
Called up share capital 120 120
Profit and loss account 4,403 9,381
_______ _______
Shareholders funds 4,523 9,501
_______ _______
For the year ending 31 August 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 16 May 2019 , and are signed on behalf of the board by:
Jonathan Griffiths
Director
Company registration number: 09175946
Tripod Building Services Limited
Statement of changes in equity
Year ended 31 August 2018
Called up share capital Profit and loss account Total
£ £ £
At 1 September 2016 120 ( 19,185) ( 19,065)
(Loss)/profit for the year 28,566 28,566
_______ _______ _______
Total comprehensive income for the year - 28,566 28,566
_______ _______ _______
At 31 August 2017 and 1 September 2017 120 9,381 9,501
(Loss)/profit for the year ( 4,978) ( 4,978)
_______ _______ _______
Total comprehensive income for the year - ( 4,978) ( 4,978)
_______ _______ _______
At 31 August 2018 120 4,403 4,523
_______ _______ _______
Tripod Building Services Limited
Notes to the financial statements
Year ended 31 August 2018
1. General information
The company is a private company limited by shares, registered in United Kingdom. The address of the registered office is 46 Station Road, Ystradgynlais, Swansea, SA9 1NX.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 25 % straight line
Motor vehicles - 20 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Tangible assets
Fixtures, fittings and equipment Motor vehicles Total
£ £ £
Cost
At 1 September 2017 and 31 August 2018 3,896 6,750 10,646
_______ _______ _______
Depreciation
At 1 September 2017 2,658 3,938 6,596
Charge for the year 974 1,350 2,324
_______ _______ _______
At 31 August 2018 3,632 5,288 8,920
_______ _______ _______
Carrying amount
At 31 August 2018 264 1,462 1,726
_______ _______ _______
At 31 August 2017 1,238 2,812 4,050
_______ _______ _______
5. Debtors
2018 2017
£ £
Trade debtors 7,481 4,062
Other debtors 30,750 31,816
_______ _______
38,231 35,878
_______ _______
6. Creditors: amounts falling due within one year
2018 2017
£ £
Trade creditors 20,268 16,983
Social security and other taxes - 1,764
Other creditors 19,971 17,324
_______ _______
40,239 36,071
_______ _______
7. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2018
Balance brought forward Advances /(credits) to the directors Amounts written off Balance o/standing
£ £ £ £
Andrew Downie - - - -
Jonathan Griffiths ( 13,269) ( 973) - ( 14,242)
Mark Sansum - - - -
_______ _______ _______ _______
2017
Balance brought forward Advances /(credits) to the directors Amounts written off Balance o/standing
£ £ £ £
Andrew Downie - ( 49,520) 49,520 -
Jonathan Griffiths - ( 13,269) - ( 13,269)
Mark Sansum - ( 12,848) 12,848 -
_______ _______ _______ _______
- ( 75,637) 62,368 ( 13,269)
_______ _______ _______ _______
8. Controlling party
The company is under the control of the director, who own 100% of the share capital.