Trinity Domestic Appliance Repairs Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC231936 (Scotland)

Unaudited Financial Statements for the Year Ended 30 June 2020

for

Trinity Domestic Appliance Repairs Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTOR:

I Johnson

SECRETARY:

Mrs E A Johnson

REGISTERED OFFICE:

38 Cammo Grove

Edinburgh

EH4 8EX

REGISTERED NUMBER:

SC231936 (Scotland)

ACCOUNTANTS:

Cowan & Partners Limited

60 Constitution Street

Edinburgh

EH6 6RR

FIXED ASSETS

Tangible assets

4

47,676

44,068

CURRENT ASSETS

Stocks

3,500

3,500

Debtors

5

94,089

96,356

Cash at bank

88,679

68,548

186,268

168,404

CREDITORS

Amounts falling due within one year

6

185,677

189,453

NET CURRENT ASSETS/(LIABILITIES)

591

(21,049

)

TOTAL ASSETS LESS CURRENT LIABILITIES

48,267

23,019

CREDITORS

Amounts falling due after more than one year

7

1,378

10,339

NET ASSETS

46,889

12,680

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

46,887

12,678

SHAREHOLDERS' FUNDS

46,889

12,680

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2020 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 26 May 2021 and were signed by:

I Johnson - Director

1.	STATUTORY INFORMATION

Trinity Domestic Appliance Repairs Ltd is a private company, limited by shares , registered in Scotland. 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 represents net invoiced sales of services and goods, excluding value added tax. The company's policy is to recognise a sale when the company obtains the right to consideration.

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, 25% on reducing balance and 15% 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 16 (2019 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 July 2019

15,285

552

12,880

Additions

13,325

-

-

At 30 June 2020

28,610

552

12,880

DEPRECIATION

At 1 July 2019

5,142

547

9,882

Charge for year

2,861

5

450

At 30 June 2020

8,003

552

10,332

NET BOOK VALUE

At 30 June 2020

20,607

-

2,548

At 30 June 2019

10,143

5

2,998

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 July 2019

72,500

21,739

122,956

Additions

-

2,371

15,696

At 30 June 2020

72,500

24,110

138,652

DEPRECIATION

At 1 July 2019

41,914

21,403

78,888

Charge for year

7,646

1,126

12,088

At 30 June 2020

49,560

22,529

90,976

NET BOOK VALUE

At 30 June 2020

22,940

1,581

47,676

At 30 June 2019

30,586

336

44,068

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.20

30.6.19

£

£

Trade debtors

79,980

78,768

Directors Loan Account

-

16,397

Other debtors

10,176

-

Prepayments and accrued income

3,933

1,191

94,089

96,356

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.20

30.6.19

£

£

Bank loans and overdrafts

27,516

47,573

Hire purchase contracts

8,800

15,568

Trade creditors

63,327

89,021

Taxation and social security

79,496

34,695

Other creditors

6,538

2,596

185,677

189,453

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.20

30.6.19

£

£

Hire purchase contracts

1,378

10,339

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Trinity Domestic Appliance Repairs Ltd for the year ended 30 June, 2016 which comprise the Profit and Loss Account, the Balance Sheet, and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants of Scotland, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.org.uk/accountspreparationguidance.

This report is made solely to the director of Trinity Domestic Appliance Repairs Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Trinity Domestic Appliance Repairs Ltd and state those matters that we have agreed to state to the director of Trinity Domestic Appliance Repairs Ltd in this report in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at http://www.icas.org.uk/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Trinity Domestic Appliance Repairs Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Trinity Domestic Appliance Repairs Ltd. You consider that Trinity Domestic Appliance Repairs Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Trinity Domestic Appliance Repairs Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Cowan & Partners Limited

60 Constitution Street

Edinburgh

EH6 6RR

26 May 2021