Year Ended
Registration number:
Trigen Limited
Contents
Company Information |
|
Balance Sheet |
|
Notes to the Financial Statements |
Trigen Limited
Company Information
Directors |
Mr A P Ryan Mrs A M Ryan Mr J M Morrell |
Registered office |
|
Accountants |
|
Trigen Limited
Balance Sheet
31 January 2022
Note |
2022 |
2021 |
|
Fixed assets |
|||
Intangible assets |
|
|
|
Tangible assets |
|
|
|
|
|
||
Current assets |
|||
Debtors |
|
|
|
Cash at bank and in hand |
|
|
|
|
|
||
Creditors: Amounts falling due within one year |
( |
( |
|
Net current assets/(liabilities) |
|
( |
|
Total assets less current liabilities |
|
( |
|
Provisions for liabilities |
|
|
|
Net assets/(liabilities) |
|
( |
|
Capital and reserves |
|||
Called up share capital |
151,617 |
100,000 |
|
Share premium reserve |
1,548,432 |
- |
|
Profit and loss account |
(548,041) |
(233,548) |
|
Shareholders' funds/(deficit) |
1,152,008 |
(133,548) |
Trigen Limited
Balance Sheet
31 January 2022
For the financial year ending 31 January 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
|
• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
......................................... |
......................................... |
Company Registration Number: 11796092
Trigen Limited
Notes to the Financial Statements
Year Ended 31 January 2022
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
United Kingdom
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the Uk and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
The financial statements have been prepared on a going concern basis.
Tax
Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred tax is recognised on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results as stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.
Trigen Limited
Notes to the Financial Statements
Year Ended 31 January 2022
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Office equipment |
25% reducing balance |
Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:
Asset class |
Amortisation method and rate |
Software development |
5 years straight line |
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Trigen Limited
Notes to the Financial Statements
Year Ended 31 January 2022
Financial instruments
Classification
• Short term trade and other debtors and creditors; and
• Cash and bank balances.
All financial instruments are classified as basic.
Recognition and measurement
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.
Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Intangible assets |
Software development costs |
Total |
|
Cost or valuation |
||
At 1 February 2021 |
|
|
Additions acquired separately |
|
|
At 31 January 2022 |
|
|
Amortisation |
||
At 1 February 2021 |
|
|
Amortisation charge |
|
|
At 31 January 2022 |
|
|
Carrying amount |
||
At 31 January 2022 |
|
|
At 31 January 2021 |
|
|
Trigen Limited
Notes to the Financial Statements
Year Ended 31 January 2022
Tangible assets |
Furniture, fittings and equipment |
Total |
|
Cost or valuation |
||
At 1 February 2021 |
|
|
Additions |
|
|
At 31 January 2022 |
|
|
Depreciation |
||
At 1 February 2021 |
|
|
Charge for the year |
|
|
At 31 January 2022 |
|
|
Carrying amount |
||
At 31 January 2022 |
|
|
At 31 January 2021 |
|
|
Trigen Limited
Notes to the Financial Statements
Year Ended 31 January 2022
Debtors |
2022 |
2021 |
|
Prepayments |
|
|
Other debtors |
|
|
|
|
Creditors |
Creditors: amounts falling due within one year
2022 |
2021 |
|
Due within one year |
||
Trade creditors |
|
|
Taxation and social security |
|
|
Other creditors |
|
|
Accruals and deferred income |
|
|
|
|
Share capital |
Allotted, called up and fully paid shares
2022 |
2021 |
|||
No. |
£ |
No. |
£ |
|
Ordinary shares of £1.0000 each |
78,390 |
78,390 |
75,000 |
75,000 |
Ordinary A shares of £1.0000 each |
38,709 |
38,709 |
- |
- |
Ordinary B shares of £.0001 each |
2,000 |
0.20 |
2,000 |
0.20 |
Ordinary C shares of £1.0000 each |
25,000 |
25,000 |
25,000 |
25,000 |
Ordinary D shares of £1.0000 each |
9,518 |
9,518 |
- |
- |
|
|
|
|
During the year, the company issued:
• 3,390 ordinary shares with a nominal value of £1 per share,
• 38,709 ordinary A shares with a nominal value of £1 per share,
• 9,518 ordinary D shares with a nominal value of £1 per share.