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

REGISTERED NUMBER: 02472241 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st January 2020

for

Trimont Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs N C Gething

REGISTERED OFFICE:

Unit A2

Bolsover Business Enterprise Park

Wood House Lane

Chesterfield

Derbyshire

S44 6BD

REGISTERED NUMBER:

02472241 (England and Wales)

ACCOUNTANTS:

D. K. Rumsby & Co Limited

3 Colwick Quays

Colwick

Nottingham

Nottinghamshire

NG4 2JY

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

629

804

629

804

CURRENT ASSETS

Stocks

64,275

71,882

Debtors

6

6,600

6,640

Cash at bank and in hand

978

731

71,853

79,253

CREDITORS

Amounts falling due within one year

7

(52,216

)

(60,742

)

NET CURRENT ASSETS

19,637

18,511

TOTAL ASSETS LESS CURRENT LIABILITIES

20,266

19,315

CREDITORS

Amounts falling due after more than one year

8

(8,418

)

-

PROVISIONS FOR LIABILITIES

-

(191

)

NET ASSETS

11,848

19,124

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

11,748

19,024

SHAREHOLDERS' FUNDS

11,848

19,124

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 30th October 2020 and were signed by:

Mrs N C Gething - Director

1.	STATUTORY INFORMATION

Trimont 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.

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.

Goodwill

Goodwill represented the amount paid in connection with the acquisition of the business in 2007 and was amortised over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

20% on reducing balance

Computer equipment

-

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st February 2019

and 31st January 2020

63,500

AMORTISATION

At 1st February 2019

and 31st January 2020

63,500

NET BOOK VALUE

At 31st January 2020

-

At 31st January 2019

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st February 2019

and 31st January 2020

7,349

DEPRECIATION

At 1st February 2019

6,545

Charge for year

175

At 31st January 2020

6,720

NET BOOK VALUE

At 31st January 2020

629

At 31st January 2019

804

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.20

31.1.19

£

£

Trade debtors

6,442

6,512

Other debtors

158

128

6,600

6,640

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.20

31.1.19

£

£

Bank loans and overdrafts

2,853

-

Trade creditors

1,079

1,815

Taxation and social security

1,446

1,635

Other creditors

46,838

57,292

52,216

60,742

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.20

31.1.19

£

£

Bank loans

8,418

-

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.1.20

31.1.19

£

£

Within one year

4,568

2,284

Between one and five years

6,853

11,421

11,421

13,705

In July 2019 the company moved into new premises and entered into a rental agreement for 3 years.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.20

31.1.19

value:

£

£

100

Ordinary

£1

100

100