Triton Electronics Limited

TRITON ELECTRONICS LIMITED - Company Information

true 1 June 2014 31 May 2015 31 May 2015 true false 746934 true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 746934 2014-05-31 746934 2015-05-31 746934 2014-06-01 2015-05-31 746934 uk-gaap:RestatedAmount 2014-05-31 746934 uk-gaap:RestatedAmount 2015-05-31 746934 uk-gaap:NetGoodwill 2014-05-31 746934 uk-gaap:NetGoodwill 2015-05-31 746934 uk-gaap:NetGoodwill 2014-06-01 2015-05-31 746934 uk-gaap:OtherIntangibleFixedAssets 2014-06-01 2015-05-31 746934 uk-gaap:IntangibleAssetsOtherThanGoodwill 2014-05-31 746934 uk-gaap:IntangibleAssetsOtherThanGoodwill 2015-05-31 746934 uk-gaap:IntangibleAssetsOtherThanGoodwill 2014-06-01 2015-05-31 746934 uk-gaap:DevelopmentCosts 2014-05-31 746934 uk-gaap:DevelopmentCosts 2015-05-31 746934 uk-gaap:DevelopmentCosts 2014-06-01 2015-05-31 746934 uk-gaap:LandBuildings uk-gaap:OwnedOrFreeholdTangibleFixedAssets 2014-05-31 746934 uk-gaap:LandBuildings uk-gaap:OwnedOrFreeholdTangibleFixedAssets 2014-06-01 2015-05-31 746934 uk-gaap:LandBuildings uk-gaap:OwnedOrFreeholdTangibleFixedAssets 2015-05-31 746934 uk-gaap:LandBuildings uk-gaap:LeasedTangibleFixedAssets 2014-06-01 2015-05-31 746934 uk-gaap:LandBuildings uk-gaap:LeasedTangibleFixedAssets 2014-05-31 746934 uk-gaap:LandBuildings uk-gaap:LeasedTangibleFixedAssets 2015-05-31 746934 uk-gaap:PlantMachinery 2014-06-01 2015-05-31 746934 uk-gaap:PlantMachinery 2014-05-31 746934 uk-gaap:PlantMachinery 2015-05-31 746934 uk-gaap:Vehicles 2014-06-01 2015-05-31 746934 uk-gaap:Vehicles 2014-05-31 746934 uk-gaap:Vehicles 2015-05-31 746934 uk-gaap:FixturesFittings 2014-06-01 2015-05-31 746934 uk-gaap:FixturesFittings 2014-05-31 746934 uk-gaap:FixturesFittings 2015-05-31 746934 uk-gaap:ComputerEquipment 2014-06-01 2015-05-31 746934 uk-gaap:ComputerEquipment 2014-05-31 746934 uk-gaap:ComputerEquipment 2015-05-31 746934 uk-gaap:SharesListedFixedAssetInvestments 2014-05-31 746934 uk-gaap:SharesListedFixedAssetInvestments 2014-06-01 2015-05-31 746934 uk-gaap:SharesListedFixedAssetInvestments 2015-05-31 746934 uk-gaap:SharesUnlistedFixedAssetInvestments 2014-05-31 746934 uk-gaap:SharesUnlistedFixedAssetInvestments 2014-06-01 2015-05-31 746934 uk-gaap:SharesUnlistedFixedAssetInvestments 2015-05-31 746934 uk-gaap:FixedAssetInvestmentsOtherThanSharesIncludingLoans 2014-05-31 746934 uk-gaap:FixedAssetInvestmentsOtherThanSharesIncludingLoans 2014-06-01 2015-05-31 746934 uk-gaap:FixedAssetInvestmentsOtherThanSharesIncludingLoans 2015-05-31 746934 uk-gaap:ProvisionsForBadDebts 2014-05-31 746934 uk-gaap:ProvisionsForBadDebts 2014-06-01 2015-05-31 746934 uk-gaap:ProvisionsForBadDebts 2015-05-31 746934 uk-gaap:ProvisionsForDeferredTaxation 2014-05-31 746934 uk-gaap:ProvisionsForDeferredTaxation 2014-06-01 2015-05-31 746934 uk-gaap:ProvisionsForDeferredTaxation 2015-05-31 746934 uk-gaap:OtherProvisions 2014-05-31 746934 uk-gaap:OtherProvisions 2014-06-01 2015-05-31 746934 uk-gaap:OtherProvisions 2015-05-31 746934 uk-gaap:WithinOneYear 2014-05-31 746934 uk-gaap:WithinOneYear 2014-06-01 2015-05-31 746934 uk-gaap:WithinOneYear 2015-05-31 746934 uk-gaap:AfterOneYear 2014-05-31 746934 uk-gaap:AfterOneYear 2014-06-01 2015-05-31 746934 uk-gaap:AfterOneYear 2015-05-31 746934 uk-bus:AllOrdinaryShares 2015-05-31 746934 uk-bus:AllOrdinaryShares 2014-05-31 746934 uk-bus:OrdinaryShareClass1 2015-05-31 746934 uk-bus:OrdinaryShareClass2 2015-05-31 746934 uk-bus:OrdinaryShareClass3 2015-05-31 746934 uk-bus:OrdinaryShareClass4 2015-05-31 746934 uk-bus:OrdinaryShareClass5 2015-05-31 746934 uk-bus:OrdinaryShareClass1 2014-06-01 2015-05-31 746934 uk-bus:OrdinaryShareClass2 2014-06-01 2015-05-31 746934 uk-bus:OrdinaryShareClass3 2014-06-01 2015-05-31 746934 uk-bus:OrdinaryShareClass4 2014-06-01 2015-05-31 746934 uk-bus:OrdinaryShareClass5 2014-06-01 2015-05-31 746934 uk-bus:PreferenceShareClass1 2015-05-31 746934 uk-bus:PreferenceShareClass2 2015-05-31 746934 uk-bus:PreferenceShareClass3 2015-05-31 746934 uk-bus:PreferenceShareClass4 2015-05-31 746934 uk-bus:PreferenceShareClass5 2015-05-31 746934 uk-bus:PreferenceShareClass1 2014-06-01 2015-05-31 746934 uk-bus:PreferenceShareClass2 2014-06-01 2015-05-31 746934 uk-bus:PreferenceShareClass3 2014-06-01 2015-05-31 746934 uk-bus:PreferenceShareClass4 2014-06-01 2015-05-31 746934 uk-bus:PreferenceShareClass5 2014-06-01 2015-05-31 746934 uk-bus:CompanySecretary 2014-06-01 2015-05-31 746934 uk-bus:RegisteredOffice 2014-06-01 2015-05-31 746934 uk-bus:EntityAccountantsOrAuditors 2014-06-01 2015-05-31 746934 uk-bus:EntityAccountantsOrAuditors 2015-05-31 746934 uk-bus:MainBusiness 2014-06-01 2015-05-31 746934 uk-bus:EntityBankers 2014-06-01 2015-05-31 746934 uk-bus:EntityLawyersOrLegalAdvisers 2014-06-01 2015-05-31 746934 uk-gaap:BeforeAnyAdjustmentsForAmortisationImpairment uk-gaap:BeforeAnyAdjustmentsForExceptionalItems 2014-06-01 2015-05-31 746934 uk-bus:HighestPaidDirector 2014-06-01 2015-05-31 746934 uk-bus:HighestPaidDirector 2015-05-31 746934 uk-bus:AllOrdinaryShares uk-gaap:DividendsPaid 2014-06-01 2015-05-31 746934 uk-bus:AllOrdinaryShares uk-gaap:DividendsPaid 2014-06-01 2015-05-31 746934 uk-bus:AllOrdinaryShares uk-gaap:DividendsProposed 2014-06-01 2015-05-31 746934 uk-bus:AllEntityOfficers 2014-06-01 2015-05-31 746934 uk-gaap:InvestmentProperties 2014-05-31 746934 uk-gaap:InvestmentProperties 2014-06-01 2015-05-31 746934 uk-gaap:InvestmentProperties 2015-05-31 746934 uk-gaap:IntellectualProperty 2014-06-01 2015-05-31 746934 uk-gaap:IntellectualProperty 2014-05-31 746934 uk-gaap:IntellectualProperty 2015-05-31 746934 uk-countries:UnitedKingdom 2014-06-01 2015-05-31 746934 uk-countries:Europe 2014-06-01 2015-05-31 746934 uk-countries:NorthAmerica 2014-06-01 2015-05-31 746934 uk-countries:SouthAmerica 2014-06-01 2015-05-31 746934 uk-countries:Asia 2014-06-01 2015-05-31 746934 uk-countries:RestWorldOutsideUK 2014-06-01 2015-05-31 746934 uk-gaap:OwnedOrFreeholdTangibleFixedAssets 2014-06-01 2015-05-31 746934 uk-gaap:LeasedTangibleFixedAssets 2014-06-01 2015-05-31 746934 uk-gaap:AllSubsidiaries 2014-06-01 2015-05-31 746934 uk-gaap:AllAssociates 2014-06-01 2015-05-31 746934 dpl-gaap:CostSales 2014-05-31 746934 dpl-gaap:CostSales 2015-05-31 746934 dpl-gaap:CostSales 2014-06-01 2015-05-31 746934 dpl-gaap:DistributionCosts 2014-06-01 2015-05-31 746934 dpl-gaap:AdministrativeExpenses 2014-06-01 2015-05-31 746934 uk-bus:Director1 2014-06-01 2015-05-31 746934 uk-bus:Director2 2014-06-01 2015-05-31 746934 2013-05-31 746934 2014-05-31 746934 2013-06-01 2014-05-31 746934 uk-gaap:RestatedAmount 2013-05-31 746934 uk-gaap:RestatedAmount 2014-05-31 746934 uk-gaap:NetGoodwill 2013-05-31 746934 uk-gaap:NetGoodwill 2014-05-31 746934 uk-gaap:NetGoodwill 2013-06-01 2014-05-31 746934 uk-gaap:OtherIntangibleFixedAssets 2013-06-01 2014-05-31 746934 uk-gaap:IntangibleAssetsOtherThanGoodwill 2013-05-31 746934 uk-gaap:IntangibleAssetsOtherThanGoodwill 2014-05-31 746934 uk-gaap:IntangibleAssetsOtherThanGoodwill 2013-06-01 2014-05-31 746934 uk-gaap:DevelopmentCosts 2013-05-31 746934 uk-gaap:DevelopmentCosts 2014-05-31 746934 uk-gaap:DevelopmentCosts 2013-06-01 2014-05-31 746934 uk-gaap:LandBuildings uk-gaap:OwnedOrFreeholdTangibleFixedAssets 2013-05-31 746934 uk-gaap:LandBuildings uk-gaap:OwnedOrFreeholdTangibleFixedAssets 2013-06-01 2014-05-31 746934 uk-gaap:LandBuildings uk-gaap:OwnedOrFreeholdTangibleFixedAssets 2014-05-31 746934 uk-gaap:LandBuildings uk-gaap:LeasedTangibleFixedAssets 2013-06-01 2014-05-31 746934 uk-gaap:LandBuildings uk-gaap:LeasedTangibleFixedAssets 2013-05-31 746934 uk-gaap:LandBuildings uk-gaap:LeasedTangibleFixedAssets 2014-05-31 746934 uk-gaap:PlantMachinery 2013-06-01 2014-05-31 746934 uk-gaap:PlantMachinery 2013-05-31 746934 uk-gaap:PlantMachinery 2014-05-31 746934 uk-gaap:Vehicles 2013-06-01 2014-05-31 746934 uk-gaap:Vehicles 2013-05-31 746934 uk-gaap:Vehicles 2014-05-31 746934 uk-gaap:FixturesFittings 2013-06-01 2014-05-31 746934 uk-gaap:FixturesFittings 2013-05-31 746934 uk-gaap:FixturesFittings 2014-05-31 746934 uk-gaap:ComputerEquipment 2013-06-01 2014-05-31 746934 uk-gaap:ComputerEquipment 2013-05-31 746934 uk-gaap:ComputerEquipment 2014-05-31 746934 uk-gaap:SharesListedFixedAssetInvestments 2013-05-31 746934 uk-gaap:SharesListedFixedAssetInvestments 2013-06-01 2014-05-31 746934 uk-gaap:SharesListedFixedAssetInvestments 2014-05-31 746934 uk-gaap:SharesUnlistedFixedAssetInvestments 2013-05-31 746934 uk-gaap:SharesUnlistedFixedAssetInvestments 2013-06-01 2014-05-31 746934 uk-gaap:SharesUnlistedFixedAssetInvestments 2014-05-31 746934 uk-gaap:FixedAssetInvestmentsOtherThanSharesIncludingLoans 2013-05-31 746934 uk-gaap:FixedAssetInvestmentsOtherThanSharesIncludingLoans 2013-06-01 2014-05-31 746934 uk-gaap:FixedAssetInvestmentsOtherThanSharesIncludingLoans 2014-05-31 746934 uk-gaap:ProvisionsForBadDebts 2013-05-31 746934 uk-gaap:ProvisionsForBadDebts 2013-06-01 2014-05-31 746934 uk-gaap:ProvisionsForBadDebts 2014-05-31 746934 uk-gaap:ProvisionsForDeferredTaxation 2013-05-31 746934 uk-gaap:ProvisionsForDeferredTaxation 2013-06-01 2014-05-31 746934 uk-gaap:ProvisionsForDeferredTaxation 2014-05-31 746934 uk-gaap:OtherProvisions 2013-05-31 746934 uk-gaap:OtherProvisions 2013-06-01 2014-05-31 746934 uk-gaap:OtherProvisions 2014-05-31 746934 uk-gaap:WithinOneYear 2013-05-31 746934 uk-gaap:WithinOneYear 2013-06-01 2014-05-31 746934 uk-gaap:WithinOneYear 2014-05-31 746934 uk-gaap:AfterOneYear 2013-05-31 746934 uk-gaap:AfterOneYear 2013-06-01 2014-05-31 746934 uk-gaap:AfterOneYear 2014-05-31 746934 uk-bus:AllOrdinaryShares 2014-05-31 746934 uk-bus:AllOrdinaryShares 2013-05-31 746934 uk-bus:OrdinaryShareClass1 2014-05-31 746934 uk-bus:OrdinaryShareClass2 2014-05-31 746934 uk-bus:OrdinaryShareClass3 2014-05-31 746934 uk-bus:OrdinaryShareClass4 2014-05-31 746934 uk-bus:OrdinaryShareClass5 2014-05-31 746934 uk-bus:OrdinaryShareClass1 2013-06-01 2014-05-31 746934 uk-bus:OrdinaryShareClass2 2013-06-01 2014-05-31 746934 uk-bus:OrdinaryShareClass3 2013-06-01 2014-05-31 746934 uk-bus:OrdinaryShareClass4 2013-06-01 2014-05-31 746934 uk-bus:OrdinaryShareClass5 2013-06-01 2014-05-31 746934 uk-bus:PreferenceShareClass1 2014-05-31 746934 uk-bus:PreferenceShareClass2 2014-05-31 746934 uk-bus:PreferenceShareClass3 2014-05-31 746934 uk-bus:PreferenceShareClass4 2014-05-31 746934 uk-bus:PreferenceShareClass5 2014-05-31 746934 uk-bus:PreferenceShareClass1 2013-06-01 2014-05-31 746934 uk-bus:PreferenceShareClass2 2013-06-01 2014-05-31 746934 uk-bus:PreferenceShareClass3 2013-06-01 2014-05-31 746934 uk-bus:PreferenceShareClass4 2013-06-01 2014-05-31 746934 uk-bus:PreferenceShareClass5 2013-06-01 2014-05-31 746934 uk-bus:CompanySecretary 2013-06-01 2014-05-31 746934 uk-bus:RegisteredOffice 2013-06-01 2014-05-31 746934 uk-bus:EntityAccountantsOrAuditors 2013-06-01 2014-05-31 746934 uk-bus:EntityAccountantsOrAuditors 2014-05-31 746934 uk-bus:MainBusiness 2013-06-01 2014-05-31 746934 uk-bus:EntityBankers 2013-06-01 2014-05-31 746934 uk-bus:EntityLawyersOrLegalAdvisers 2013-06-01 2014-05-31 746934 uk-gaap:BeforeAnyAdjustmentsForAmortisationImpairment uk-gaap:BeforeAnyAdjustmentsForExceptionalItems 2013-06-01 2014-05-31 746934 uk-bus:HighestPaidDirector 2013-06-01 2014-05-31 746934 uk-bus:HighestPaidDirector 2014-05-31 746934 uk-bus:AllOrdinaryShares uk-gaap:DividendsPaid 2013-06-01 2014-05-31 746934 uk-bus:AllOrdinaryShares uk-gaap:DividendsPaid 2013-06-01 2014-05-31 746934 uk-bus:AllOrdinaryShares uk-gaap:DividendsProposed 2013-06-01 2014-05-31 746934 uk-bus:AllEntityOfficers 2013-06-01 2014-05-31 746934 uk-gaap:InvestmentProperties 2013-05-31 746934 uk-gaap:InvestmentProperties 2013-06-01 2014-05-31 746934 uk-gaap:InvestmentProperties 2014-05-31 746934 uk-gaap:IntellectualProperty 2013-06-01 2014-05-31 746934 uk-gaap:IntellectualProperty 2013-05-31 746934 uk-gaap:IntellectualProperty 2014-05-31 746934 uk-countries:UnitedKingdom 2013-06-01 2014-05-31 746934 uk-countries:Europe 2013-06-01 2014-05-31 746934 uk-countries:NorthAmerica 2013-06-01 2014-05-31 746934 uk-countries:SouthAmerica 2013-06-01 2014-05-31 746934 uk-countries:Asia 2013-06-01 2014-05-31 746934 uk-countries:RestWorldOutsideUK 2013-06-01 2014-05-31 746934 uk-gaap:OwnedOrFreeholdTangibleFixedAssets 2013-06-01 2014-05-31 746934 uk-gaap:LeasedTangibleFixedAssets 2013-06-01 2014-05-31 746934 uk-gaap:AllSubsidiaries 2013-06-01 2014-05-31 746934 uk-gaap:AllAssociates 2013-06-01 2014-05-31 746934 dpl-gaap:CostSales 2013-05-31 746934 dpl-gaap:CostSales 2014-05-31 746934 dpl-gaap:CostSales 2013-06-01 2014-05-31 746934 dpl-gaap:DistributionCosts 2013-06-01 2014-05-31 746934 dpl-gaap:AdministrativeExpenses 2013-06-01 2014-05-31 746934 uk-bus:Director1 2013-06-01 2014-05-31 746934 uk-bus:Director2 2013-06-01 2014-05-31

Registered number: 746934

Abbreviated accounts

For The Year Ended 31 May 2015

Accounts and Tax

3 Fowey Close

Shoreham by Sea

W Sussex

BN43 5HE

Triton Electronics Limited

Company No. 746934

Abbreviated Balance Sheet 31 May 2015

Abbreviated Balance Sheet

		2015		2014
	Notes	£	£	£	£
FIXED ASSETS
Intangible assets	2		136,173		183,043
Tangible assets	3		1,030,941		1,025,872

			1,167,114		1,208,915
CURRENT ASSETS
Stocks		83,077		88,395
Debtors		81,452		59,955
Cash at bank and in hand		19,902		-

		184,431		148,350
Creditors: Amounts Falling Due Within One Year	4	(146,471)		(161,730)

NET CURRENT ASSETS (LIABILITIES)			37,960		(13,380)

TOTAL ASSETS LESS CURRENT LIABILITIES			1,205,074		1,195,535

Creditors: Amounts Falling After More Than One Year	5		(302,844)		(303,647)

NET ASSETS			902,230		891,888

CAPITAL AND RESERVES
Called up share capital	6		1,200		1,200
Revaluation reserve			900,000		900,000
Profit and Loss account			1,030		(9,312)

SHAREHOLDERS' FUNDS			902,230		891,888

Page 1

Triton Electronics Limited

Company No. 746934

Abbreviated Balance Sheet (continued) 31 May 2015

For the year ending 31 May 2015 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 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.
These abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

On behalf of the board

Mr Julian Tapp

02/11/2015

Page 2

Triton Electronics Limited

Notes to the Abbreviated Accounts

For The Year Ended 31 May 2015

Notes to the Abbreviated Accounts

Accounting Policies

Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Research and Development

Expenditure on research and development is written off in the year it is incurred, except where the directors are satisfied that development expenditure incurred on an individual project is carried forward as permitted by SSAP13 when its future recoverability can be regarded as assured. The expenditure carried forward is treated as an intangible fixed asset and amortised over its estimated economic life of (Enter) Years so as to match the expenditure with the anticipated sales from the related project. Provision is made for any impairment.

Tangible Fixed Assets and Depreciation

Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life. Freehold buildings - none provided, Plant and Machinery - 15% on reducing balance, Fixtures and fittings - 20% on cost, Computer Equipment 25% on cost.

Freehold	0%
Plant & Machinery	15% on reducing balance
Fixtures & Fittings	20% on cost
Computer Equipment	25% on cost

Leasing and Hire Purchase Contracts

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

Page 3

Triton Electronics Limited

Notes to the Abbreviated Accounts (continued)

For The Year Ended 31 May 2015

Intangible Assets


	Total
Cost	£
As at 1 June 2014	546,710

As at 31 May 2015	546,710

Amortisation
As at 1 June 2014	363,667
Provided during the period	46,870

As at 31 May 2015	410,537

Net Book Value
As at 31 May 2015	136,173

As at 1 June 2014	183,043

Intangible fixed assets are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives, not to exceed twenty years. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Tangible Assets


	Total
Cost	£
As at 1 June 2014	1,373,121
Additions	20,256

As at 31 May 2015	1,393,377

Depreciation
As at 1 June 2014	347,249
Provided during the period	15,187

As at 31 May 2015	362,436

Net Book Value
As at 31 May 2015	1,030,941

As at 1 June 2014	1,025,872

Page 4

Triton Electronics Limited

Notes to the Abbreviated Accounts (continued)

For The Year Ended 31 May 2015

Creditors: Amounts Falling Due Within One Year

	2015	2014
	£	£
Net obligations under finance lease and hire purchase contracts	-	22,973
Trade creditors	49,113	52,028
Bank loans and overdrafts	-	9,687
Other taxes and social security	2,246	2,362
VAT	19,416	4,294
Net wages	1,357	535
Other creditors	34,699	25,182
Directors loan accounts	39,640	44,669

	146,471	161,730

Creditors: Amounts Falling After More Than One Year

	2015	2014
	£	£
Net obligations under finance lease and hire purchase contracts	302,844	303,647

Share Capital

	Value	Number	2015	2014
Allotted, called up and fully paid:	£		£	£
Ordinary shares	1.000	1200	1,200	1,200

Page 5