Triad Trade Textiles Limited


1 May 2016falseNo description of principal activityTaxfiler2017.41.Web01743627business:PrivateLimitedCompanyLtd2016-05-012017-04-30017436272016-04-30017436272016-05-012017-04-3001743627business:AuditExemptWithAccountantsReport2016-05-012017-04-3001743627business:FullAccounts2016-05-012017-04-30017436272017-04-3001743627business:Director12016-05-012017-04-3001743627business:Director22016-05-012017-04-3001743627business:CompanySecretary12016-05-012017-04-3001743627business:RegisteredOffice2016-05-012017-04-30017436272016-04-3001743627core:WithinOneYear2017-04-3001743627core:WithinOneYear2016-04-3001743627core:ShareCapital2017-04-3001743627core:ShareCapital2016-04-3001743627core:RetainedEarningsAccumulatedLosses2017-04-3001743627core:RetainedEarningsAccumulatedLosses2016-04-3001743627business:SmallEntities2016-05-012017-04-3001743627countries:EnglandWales2016-05-012017-04-3001743627core:PlantMachinery2016-05-012017-04-3001743627core:FurnitureFittings2016-05-012017-04-3001743627core:ComputerEquipment2016-05-012017-04-3001743627core:PlantMachinery2016-04-3001743627core:PlantMachinery2017-04-30017436272015-05-012016-04-30iso4217:GBPxbrli:pure
Company Registration No. 01743627 (England and Wales)
Triad Trade Textiles LimitedUnaudited accounts for the year ended 30 April 2017
Triad Trade Textiles LimitedUnaudited accounts Contents
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Triad Trade Textiles Limited Company Information for the year ended 30 April 2017
Directors
Ms Barbara I'AnsonMrs Nicola Kelly Juggins-Stewart
Secretary
Mrs Ann Neal
Company Number
01743627 (England and Wales)
Registered Office
Triad House, Mountbatten CourtWorrall StreetCongletonCheshireCW12 1DT United Kingdom
Accountants
Tax Architecture LLP 19 Wellington Road Burton Joyce Nottinghamshire NG14 5GQ
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Triad Trade Textiles Limited Statement of financial position as at 30 April 2017
2017 
2016 
Notes
£ 
£ 
Fixed assets
Tangible assets
17,785 
18,896 
Current assets
Inventories
1,500 
1,465 
Debtors
132,910 
136,913 
Cash at bank and in hand
100,908 
94,448 
235,318 
232,826 
Creditors: amounts falling due within one year
(228,711)
(221,641)
Net current assets
6,607 
11,185 
Total assets less current liabilities
24,392 
30,081 
Provisions for liabilities
Deferred tax
(3,356)
(3,534)
Net assets
21,036 
26,547 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
20,936 
26,447 
Shareholders' funds
21,036 
26,547 
For the year ending 30 April 2017 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 15 November 2017.
Ms Barbara I'Anson Director Company Registration No. 01743627
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Triad Trade Textiles Limited Notes to the Accounts for the year ended 30 April 2017
1
Statutory information
Triad Trade Textiles Limited is a private company, limited by shares, registered in England and Wales, registration number 01743627. The registered office is Triad House, Mountbatten Court, Worrall Street, Congleton, Cheshire, CW12 1DT, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 30 April 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 May 2015. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20& reducing balance
Fixtures & fittings
15% reducing balance
Computer equipment
20% straight line
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Triad Trade Textiles Limited Notes to the Accounts for the year ended 30 April 2017
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 May 2016
101,017 
Additions
3,335 
At 30 April 2017
104,352 
Depreciation
At 1 May 2016
82,121 
Charge for the year
4,446 
At 30 April 2017
86,567 
Net book value
At 30 April 2017
17,785 
At 30 April 2016
18,896 
5
Inventories
2017 
2016 
£ 
£ 
Raw materials
1,500 
1,465 
1,500 
1,465 
6
Debtors
2017 
2016 
£ 
£ 
Trade debtors
106,910 
110,913 
Other debtors
26,000 
26,000 
132,910 
136,913 
7
Creditors: amounts falling due within one year
2017 
2016 
£ 
£ 
Trade creditors
138,972 
165,332 
Taxes and social security
16,539 
18,754 
Loans from directors
36,771 
14,582 
Accruals
36,429 
22,973 
228,711 
221,641 
8
Transactions with related parties
Ms B I'Anson During the year the company paid rent of £14,687 (2016 £14,687) to Ms B I'Anson for the premises at Triad House Triad Trade Textiles Pension Scheme Controlled by the Director, Ms B I'Anson As at 30th April 2017, Triad Trade Textiles Pension Scheme owed the company £26,000 (2016 £26,000)
9
Average number of employees
During the year the average number of employees was 8 (2016: 8).
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