TRITON BUILDING RESTORATION LIMITED

TRITON BUILDING RESTORATION LIMITED

TRITON BUILDING RESTORATION LIMITED - Company Information

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TRITON BUILDING RESTORATION LIMITED

Company Registration Number:
02563223 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2020

Period of accounts

Start date: 01 January 2020

End date: 31 December 2020

TRITON BUILDING RESTORATION LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2020

Balance sheet
Notes

TRITON BUILDING RESTORATION LIMITED

Balance sheet

As at 31 December 2020


Notes
2020
2019


£
£
Fixed assets
Tangible assets: 3 84,858 108,784
Investments: 4 900,000 900,000
Total fixed assets: 984,858 1,008,784
Current assets
Stocks: 177,445 343,629
Debtors:   296,191 426,375
Cash at bank and in hand: 3,224,945 2,546,943
Total current assets: 3,698,581 3,316,947
Net current assets (liabilities): 3,698,581 3,316,947
Total assets less current liabilities: 4,683,439 4,325,731
Creditors: amounts falling due after more than one year:   (1,520,330) (1,332,470)
Provision for liabilities: (15,745) (20,208)
Total net assets (liabilities): 3,147,364 2,973,053
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 3,147,264 2,972,953
Shareholders funds: 3,147,364 2,973,053

The notes form part of these financial statements

TRITON BUILDING RESTORATION LIMITED

Balance sheet statements

For the year ending 31 December 2020 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 15 October 2021
and signed on behalf of the board by:

Name: Mrs D Engering
Status: Director

The notes form part of these financial statements

TRITON BUILDING RESTORATION LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2020

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods suppliedand 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 havetransferred to the buyer (usually on despatch of the goods); the amount of revenue can be measuredreliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurredor to be incurred in respect of the transactions can be measured reliably.

Tangible fixed assets and depreciation policy

Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulateddepreciation and impairment losses.Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluationless 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 othercomprehensive income and accumulated in capital and reserves, except to the extent it reverses arevaluation decrease of the same asset previously recognised in profit or loss. A decrease in thecarrying amount of an asset as a result of revaluation is recognised in other comprehensive income tothe extent of any previously recognised revaluation increase accumulated in capital and reserves inrespect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gainsaccumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit orloss.DepreciationDepreciation 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:Plant and machinery - 25% reducing balanceFittings fixtures and equipment - 15% reducing balanceMotor vehicles - 25% reducing balanceIf there is an indication that there has been a significant change in depreciation rate, useful life or

TRITON BUILDING RESTORATION LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2020

2. Employees

2020 2019
Average number of employees during the period 35 28

TRITON BUILDING RESTORATION LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2020

3. Tangible Assets

Total
Cost £
At 01 January 2020 254,875
At 31 December 2020 254,875
Depreciation
At 01 January 2020 146,091
Charge for year 23,926
At 31 December 2020 170,017
Net book value
At 31 December 2020 84,858
At 31 December 2019 108,784

TRITON BUILDING RESTORATION LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2020

4. Fixed investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less anyaccumulated impairment losses. Listed investments are measured at fair value with changes in fairvalue being recognised in profit or loss.

TRITON BUILDING RESTORATION LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2020

5. Financial commitments

At 31 December 2020 the Company had future minimum lease payments under non-cancellable operating leases. No later than 1 year £30,096 (2019: £30,096), later than 1 year not later than 5 years £60,192 (2019: £90,288).

TRITON BUILDING RESTORATION LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2020

6. Related party transactions

Name of the related party: Triton Building Conservation Ltd
Relationship:
Subsidiary
Description of the Transaction: Materials costs
£
Balance at 01 January 2020 0
Balance at 31 December 2020 82,210