Tridoor Industrial Door Services Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 10343871 (England and Wales)

TRIDOOR INDUSTRIAL DOOR SERVICES LTD

ABRIDGED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTOR:

J E Bubb

SECRETARY:

Mrs R S Bubb

REGISTERED OFFICE:

Unit 27 Maple Estates

Stocks Lane

Barnsley

South Yorkshire

S75 2BL

REGISTERED NUMBER:

10343871 (England and Wales)

FIXED ASSETS

Tangible assets

4

74,298

64,888

CURRENT ASSETS

Stocks

35,834

27,605

Debtors

85,230

44,274

Cash at bank

5,612

17,588

126,676

89,467

CREDITORS

Amounts falling due within one year

155,225

87,003

NET CURRENT (LIABILITIES)/ASSETS

(28,549

)

2,464

TOTAL ASSETS LESS CURRENT LIABILITIES

45,749

67,352

CREDITORS

Amounts falling due after more than one year

(30,518

)

(48,186

)

PROVISIONS FOR LIABILITIES

(14,116

)

(12,329

)

NET ASSETS

1,115

6,837

CAPITAL AND RESERVES

Called up share capital

2

2

Capital redemption reserve

1

1

Retained earnings

1,112

6,834

1,115

6,837

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 August 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 29 May 2024 and were signed by:

J E Bubb - Director

1.	STATUTORY INFORMATION

Tridoor Industrial Door Services Ltd 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

50% on cost and 25% 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.

Research and development

Costs directly attributable to the development of the project are capitalised as intangible assets only when technical feasibility of the project is demonstrated and the company has an intention and ability to complete and use the product and the costs can be measured reliably. Such costs include purchases of materials and services and payroll-related costs of employees directly involved in the project. Research costs are recognised as an expense in the year in which it is incurred.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 5 (2022 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 September 2022

144,218

Additions

29,372

Disposals

(692

)

At 31 August 2023

172,898

DEPRECIATION

At 1 September 2022

79,330

Charge for year

19,270

At 31 August 2023

98,600

NET BOOK VALUE

At 31 August 2023

74,298

At 31 August 2022

64,888

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 1 September 2022

44,448

Additions

23,750

At 31 August 2023

68,198

DEPRECIATION

At 1 September 2022

19,333

Charge for year

8,257

At 31 August 2023

27,590

NET BOOK VALUE

At 31 August 2023

40,608

At 31 August 2022

25,115

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.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 August 2023 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Date: .............................................