Trius UK Limited 30/04/2021 iXBRL

Trius UK Limited 30/04/2021 iXBRL

TRIUS UK LIMITED - Company Information

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Company registration number: 10972693
Trius UK Limited
Unaudited filleted financial statements
30 April 2021
Trius UK Limited
Contents
Statement of financial position
Notes to the financial statements
Trius UK Limited
Statement of financial position
30 April 2021
2021 2020
Note £ £ £ £
Fixed assets
Tangible assets 4 54,529 81,928
_______ _______
54,529 81,928
Current assets
Debtors 5 146 1,109
Cash at bank and in hand 20,315 1,841
_______ _______
20,461 2,950
Creditors: amounts falling due
within one year 6 ( 38,049) ( 39,240)
_______ _______
Net current liabilities ( 17,588) ( 36,290)
_______ _______
Total assets less current liabilities 36,941 45,638
Provisions for liabilities ( 10,361) ( 12,452)
_______ _______
Net assets 26,580 33,186
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 26,480 33,086
_______ _______
Shareholders funds 26,580 33,186
_______ _______
For the year ending 30 April 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 05 November 2021 , and are signed on behalf of the board by:
Mr David Smith
Director
Company registration number: 10972693
Trius UK Limited
Notes to the financial statements
Year ended 30 April 2021
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Four Columns, Broughton Hall Business Park, Skipton, North Yorkshire, BD23 3AE.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. The Triennial review 2017 amendments to the standard have been early adopted.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and 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 have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.Tax deferred or accelerated is accounted for in respect of all material timing differences, in particular accelerated capital allowances and revaluation gains on investment properties. All deferred tax is charged/(credited) to the Statement of Income and Retained Earnings.
Tangible assets
Tangible assets are initially recorded at cost, and is subsequently stated at cost less any accumulated depreciation and any accumulated impairment losses.Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation 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 - 20 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly, Prior impairments are also reviewed for possible reversal at each reporting date.
Provisions
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in a settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.
Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans and directors' loans.Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method. Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.
4. Tangible assets
Plant and machinery Total
£ £
Cost
At 1 May 2020 112,330 112,330
Disposals ( 14,000) ( 14,000)
_______ _______
At 30 April 2021 98,330 98,330
_______ _______
Depreciation
At 1 May 2020 30,402 30,402
Charge for the year 13,632 13,632
Disposals ( 233) ( 233)
_______ _______
At 30 April 2021 43,801 43,801
_______ _______
Carrying amount
At 30 April 2021 54,529 54,529
_______ _______
At 30 April 2020 81,928 81,928
_______ _______
5. Debtors
2021 2020
£ £
Other debtors 146 1,109
_______ _______
6. Creditors: amounts falling due within one year
2021 2020
£ £
Trade creditors 468 18,740
Corporation tax 6,524 -
Social security and other taxes 657 -
Other creditors 30,400 20,500
_______ _______
38,049 39,240
_______ _______
7. Financial instruments
A Debenture is held over all the assets of the company, including all fixed and moveable plant, machinery, tools, vehicles, computers and office and other equipment.