Trinity Partners Limited 31/01/2018 iXBRL
Trinity Partners Limited 31/01/2018 iXBRL
Company registration number:
06701215
Trading as
Trinity Partners Limited
Unaudited filleted financial statements
Contents
Directors and other information
Accountant's report
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Directors and other information
Directors |
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(Appointed 1 February 2017) | ||
Company number |
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Registered office |
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Business address |
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Accountant |
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2 Gillison Close | |||
Melling | |||
Carnforth | |||
Lancs | |||
LA6 2RD | |||
Bankers |
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Santander Business Banking | ||
E1 8AD | ||
Report to the board of directors on the preparation of the
unaudited statutory financial statements of Trinity Partners Limited
Year ended 31 January 2018
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of Trinity Partners Limited for the year ended 31 January 2018 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given me.
As a practising member of the Association of Chartered Certified Accountants, I am subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.
This report is made solely to the board of directors of Trinity Partners Limited, as a body, in accordance with the terms of my engagement letter. My work has been undertaken solely to prepare for your approval the financial statements of Trinity Partners Limited and state those matters that we have agreed to state to the board of directors of Trinity Partners Limited as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global /Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than Trinity Partners Limited and its board of directors as a body for my work or for this report.
It is your duty to ensure that Trinity Partners Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Trinity Partners Limited. You consider that Trinity Partners Limited is exempt from the statutory audit requirement for the year.
I have not been instructed to carry out an audit or a review of the financial statements of Trinity Partners Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.
Chartered Certified Accountants
2 Gillison Close
Melling
Carnforth
Lancs
LA6 2RD
8 September 2018
Statement of financial position
31 January 2018
2018 | 2017 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Tangible assets | 5 |
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Current assets | |||||||||
Stocks |
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Debtors | 6 |
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Cash at bank and in hand |
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Creditors: amounts falling due | |||||||||
within one year | 7 |
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Net current assets |
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Total assets less current liabilities |
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Provisions for liabilities |
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Net assets |
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Capital and reserves | |||||||||
Called up share capital |
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Profit and loss account |
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Shareholders funds |
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Directors responsibilities:
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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;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
08 September 2018
, and are signed on behalf of the board by:
Director
Company registration number:
06701215
Statement of changes in equity
Year ended 31 January 2018
Called up share capital | Profit and loss account | Total | |||
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At 1 February 2016 |
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Profit for the year |
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Total comprehensive income for the year | - |
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Dividends paid and payable |
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Total investments by and distributions to owners | - |
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At 31 January 2017 and 1 February 2017 |
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Profit for the year |
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Total comprehensive income for the year | - |
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Issue of shares |
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Dividends paid and payable |
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Total investments by and distributions to owners |
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At 31 January 2018 |
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Notes to the financial statements
Year ended 31 January 2018
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Trinity Partners Limited, George Dutton Business Park, Moor Farm Road West, Ashbourne, Derbyshire, DE6 1HD.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
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
Tangible assets
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 | - |
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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. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Stocks
Provisions
Financial instruments
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2017:
1
).
5.
Tangible assets
Plant and machinery | Total | ||
£ | £ | ||
Cost | |||
At 1 February 2017 |
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Additions | 11,933 | 11,933 | |
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At 31 January 2018 |
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Depreciation | |||
At 1 February 2017 |
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Charge for the year |
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At 31 January 2018 |
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Carrying amount | |||
At 31 January 2018 |
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At 31 January 2017 |
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6.
Debtors
2018 | 2017 | |||
£ | £ | |||
Trade debtors |
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Other debtors |
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7.
Creditors: amounts falling due within one year
2018 | 2017 | |||
£ | £ | |||
Trade creditors |
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Corporation tax |
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Social security and other taxes |
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Other creditors |
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_______ | _______ | |||
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8.
Controlling party
The company was under the control of
Mr C Hammond
throughout the period. Mr C Hammond is the managing director.