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 2017

Period of accounts

Start date: 01 January 2017

End date: 31 December 2017

TRITON BUILDING RESTORATION LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2017

Balance sheet
Notes

TRITON BUILDING RESTORATION LIMITED

Balance sheet

As at 31 December 2017


Notes
2017
2016


£
£
Fixed assets
Tangible assets: 2 80,372 99,671
Investments: 3 775,519 775,519
Total fixed assets: 855,891 875,190
Current assets
Stocks: 411,389 628,223
Debtors:   174,023 692,576
Cash at bank and in hand: 3,090,618 2,001,561
Total current assets: 3,676,030 3,322,360
Creditors: amounts falling due within one year:   (1,300,920) (1,461,473)
Net current assets (liabilities): 2,375,110 1,860,887
Total assets less current liabilities: 3,231,001 2,736,077
Provision for liabilities: (52,676) (52,676)
Total net assets (liabilities): 3,178,325 2,683,401
Capital and reserves
Called up share capital: 100 100
Other reserves: 145,554 145,554
Profit and loss account: 3,032,671 2,537,747
Shareholders funds: 3,178,325 2,683,401

The notes form part of these financial statements

TRITON BUILDING RESTORATION LIMITED

Balance sheet statements

For the year ending 31 December 2017 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 26 September 2018
and signed on behalf of the board by:

Name: Geoffrey L 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 2017

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 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 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.Revenue from the rendering of services is measured by reference to the stage of completion of theservice transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

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 other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves inrespect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Valuation and information policy

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell.Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

TRITON BUILDING RESTORATION LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2017

2. Tangible Assets

Total
Cost £
At 01 January 2017 405,261
Additions 391
At 31 December 2017 405,652
Depreciation
At 01 January 2017 305,590
Charge for year 19,690
At 31 December 2017 325,280
Net book value
At 31 December 2017 80,372
At 31 December 2016 99,671

TRITON BUILDING RESTORATION LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2017

3. Fixed investments

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