Company No:
Contents
DIRECTORS | Mr R H Cook |
Mr T Luxford | |
Mr A J Summerfield | |
REGISTERED OFFICE | 1-3 College Yard |
Worcester | |
United Kingdom | |
COMPANY NUMBER | 10404406(England and Wales) |
ACCOUNTANT | Bishop Fleming LLP |
1-3 College Yard | |
Worcester | |
WR1 2LB | |
United Kingdom |
2021 | 2020 | |||
Note | £ | £ | ||
Fixed assets | ||||
Tangible assets | 3 |
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50,415 | 62,675 | |||
Current assets | ||||
Stocks |
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Debtors | 4 |
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Cash at bank and in hand |
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616,799 | 944,052 | |||
Creditors | ||||
Amounts falling due within one year | 5 | (
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Net current (liabilities)/assets | (190,615) | 63,015 | ||
Total assets less current liabilities | (140,200) | 125,690 | ||
Creditors | ||||
Amounts falling due after more than one year | (
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Net (liabilities)/assets | (
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Capital and reserves | ||||
Called-up share capital |
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Share premium account |
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Profit and loss account | (
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Total shareholders' (deficit)/funds | (
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Directors’ responsibilities:
The financial statements of TriCIS Limited (registered number:
Mr A J Summerfield
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year.
TriCIS Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 1-3 College Yard, Worcester, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council.
The functional currency of TriCIS Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.
The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
Exchange differences are recognised in the Statement of Comprehensive Income in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.
Finance costs are charged to the Statement of Comprehensive Income over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
Leasehold improvements - 20%
Plant & machinery - 14 - 25%
Fixtures & fittings - 50%
Computer equipment - 25 - 50%
Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
2021 | 2020 | ||
Number | Number | ||
Monthly average number of persons employed by the Company during the year, including directors |
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Leasehold improvements | Plant and machinery | Fixtures and fittings | Computer equipment | Total | |||||
£ | £ | £ | £ | £ | |||||
Cost/Valuation | |||||||||
At 01 April 2020 |
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Additions |
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At 31 March 2021 |
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Accumulated depreciation | |||||||||
At 01 April 2020 |
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Charge for the financial year |
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At 31 March 2021 |
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Net book value | |||||||||
At 31 March 2021 |
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At 31 March 2020 |
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2021 | 2020 | ||
£ | £ | ||
Trade debtors |
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Prepayments |
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Other debtors |
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2021 | 2020 | ||
£ | £ | ||
Trade creditors |
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Amounts owed to directors |
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Other creditors |
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Accruals and deferred income |
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Other taxation and social security |
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Other financial commitments
2021 | 2020 | ||
£ | £ | ||
Commitments under operating leases not later than 1 year | 41,952 | 41,952 | |
Commitments under operating leases later than 1 year and not later than 5 years | 2,334 | 44,286 | |
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Pensions
The Company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.
2021 | 2020 | ||
£ | £ | ||
Unpaid contributions due to the fund (inc. in other creditors) |
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