Tridoor Industrial Door Services Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10343871 (England and Wales)

TRIDOOR INDUSTRIAL DOOR SERVICES LTD

ABRIDGED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2019

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J E Bubb

SECRETARY:

Mrs R S Bubb

REGISTERED OFFICE:

Unit 27 Maple Estates

Stocks Lane

Barnsley

South Yorkshire

S75 2BL

REGISTERED NUMBER:

10343871 (England and Wales)

FIXED ASSETS

Tangible assets

4

49,116

50,885

CURRENT ASSETS

Stocks

8,974

6,820

Debtors

43,169

46,546

Cash at bank

-

3,477

52,143

56,843

CREDITORS

Amounts falling due within one year

69,268

64,555

NET CURRENT LIABILITIES

(17,125

)

(7,712

)

TOTAL ASSETS LESS CURRENT LIABILITIES

31,991

43,173

CREDITORS

Amounts falling due after more than one year

(13,207

)

(11,565

)

PROVISIONS FOR LIABILITIES

(8,807

)

(10,309

)

NET ASSETS

9,977

21,299

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

9,974

21,296

9,977

21,299

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2019 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 applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 August 2019 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 May 2020 and were signed by:

J E Bubb - Director

1.	STATUTORY INFORMATION

Tridoor Industrial Door Services Ltd 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

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.

Research and development

Costs directly attributable to the development of the project are capitalised as intangible assets only when

technical feasibility of the project is demonstrated and the company has an intention and ability to complete and

use the product and the costs can be measured reliably. Such costs include purchases of materials and services

and payroll-related costs of employees directly involved in the project. Research costs are recognised as an

expense in the year in which it is incurred.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

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 3 (2018 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 September 2018

67,434

Additions

12,967

At 31 August 2019

80,401

DEPRECIATION

At 1 September 2018

16,549

Charge for year

14,736

At 31 August 2019

31,285

NET BOOK VALUE

At 31 August 2019

49,116

At 31 August 2018

50,885

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 1 September 2018

13,333

Additions

7,000

At 31 August 2019

20,333

DEPRECIATION

Charge for year

4,500

At 31 August 2019

4,500

NET BOOK VALUE

At 31 August 2019

15,833

At 31 August 2018

13,333