Trident PDR Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07918298 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2021

for

Trident PDR Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr B Ridley

REGISTERED OFFICE:

Unit 1, Ashton Farm

4 High Street

Braithwell

Rotherham

South Yorkshire

S66 7AL

REGISTERED NUMBER:

07918298 (England and Wales)

FIXED ASSETS

Tangible assets

4

15,297

10,934

CURRENT ASSETS

Debtors

5

25,255

37,705

Cash at bank

39,139

48,027

64,394

85,732

CREDITORS

Amounts falling due within one year

6

15,166

9,029

NET CURRENT ASSETS

49,228

76,703

TOTAL ASSETS LESS CURRENT LIABILITIES

64,525

87,637

CREDITORS

Amounts falling due after more than one year

7

(3,751

)

(6,357

)

PROVISIONS FOR LIABILITIES

(2,708

)

(1,835

)

NET ASSETS

58,066

79,445

CAPITAL AND RESERVES

Called up share capital

10

2

2

Retained earnings

11

58,064

79,443

SHAREHOLDERS' FUNDS

58,066

79,445

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2021 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.

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 12 March 2021 and were signed by:

Mr B Ridley - Director

1.	STATUTORY INFORMATION

Trident PDR 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.

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 25% Straight line

Motor Vehicle 20% Straight line

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 2 (2020 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2020

18,532

Additions

9,307

At 31 January 2021

27,839

DEPRECIATION

At 1 February 2020

7,598

Charge for year

4,944

At 31 January 2021

12,542

NET BOOK VALUE

At 31 January 2021

15,297

At 31 January 2020

10,934

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.21

31.1.20

£

£

Trade debtors

2,440

831

Other debtors

22,815

36,874

25,255

37,705

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.21

31.1.20

£

£

Hire purchase contracts (see note 8)

2,606

2,719

Trade creditors

223

-

Taxation and social security

10,867

4,956

Other creditors

1,470

1,354

15,166

9,029

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.21

31.1.20

£

£

Hire purchase contracts (see note 8)

3,751

6,357

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

31.1.21

31.1.20

£

£

Net obligations repayable:

Within one year

2,606

2,719

Between one and five years

3,751

6,357

6,357

9,076

Non-cancellable operating

leases

31.1.21

31.1.20

£

£

Within one year

4,500

4,500

Between one and five years

-

4,500

4,500

9,000

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.21

31.1.20

£

£

Hire purchase contracts

6,357

9,076

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.21

31.1.20

value:

£

£

2

Ordinary

£1

2

2

11.

RESERVES

Retained

earnings

£

At 1 February 2020

79,443

Profit for the year

14,621

Dividends

(36,000

)

At 31 January 2021

58,064

12.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included in debtors is £20,858 (2020 £35,749) in respect of a loan made to the director. Interest is charged on the loan at 2.5% per annum with no fixed repayment terms.