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REGISTERED NUMBER: 08430749 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Trimbio Ltd

Trimbio Ltd (Registered number: 08430749)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Trimbio Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: S K Francis
E Francis
J E Bragg





REGISTERED OFFICE: Unit 6b
Mulberry Trading Estate
Foundry Lane
Horsham
West Sussex
RH13 5PX





REGISTERED NUMBER: 08430749 (England and Wales)





ACCOUNTANTS: Warren House Accountants Limited
4 The Courtyard
Holmsted Farm
Staplefield Road
Haywards Heath
RH17 5JF

Trimbio Ltd (Registered number: 08430749)

Statement of Financial Position
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 61,097 75,701
61,097 75,701

CURRENT ASSETS
Stocks 6 222,351 231,729
Debtors 7 62,882 64,190
Cash at bank and in hand 43,884 20,028
329,117 315,947
CREDITORS
Amounts falling due within one year 8 269,819 231,427
NET CURRENT ASSETS 59,298 84,520
TOTAL ASSETS LESS CURRENT
LIABILITIES

120,395

160,221

CREDITORS
Amounts falling due after more than one
year

9

(33,063

)

(47,613

)

PROVISIONS FOR LIABILITIES 11 (11,404 ) (14,384 )
NET ASSETS 75,928 98,224

CAPITAL AND RESERVES
Called up share capital 200 200
Share premium 9,900 9,900
Retained earnings 65,828 88,124
75,928 98,224

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Trimbio Ltd (Registered number: 08430749)

Statement of Financial Position - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 October 2023 and were signed on its behalf by:





S K Francis - Director


Trimbio Ltd (Registered number: 08430749)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Trimbio Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on the going concern basis which assumes that the company will continue in operational existence for the foreseeable future.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its useful life of seven years

Tangible fixed assets
Tangible fixed assets are included at costs depreciation less impairment losses. Depreciation is provided at the following annual rates;

Plant and machinery - 33% reducing balance per annum
Fixtures and fittings - 33% reducing balance per annum
Computer equipment - 33% reducing balance per annum
Motor vehicles - 20% straight line per annum

Stocks
Work in progress in valued at the lower of cost and estimated selling price less costs to sell.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


Trimbio Ltd (Registered number: 08430749)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivables or payables within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2022 - 19 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 50,000
AMORTISATION
At 1 April 2022
and 31 March 2023 50,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

Trimbio Ltd (Registered number: 08430749)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 34,092 19,985 39,779 53,878 147,734
Additions 1,316 - - 9,973 11,289
Disposals - - (14,067 ) - (14,067 )
At 31 March 2023 35,408 19,985 25,712 63,851 144,956
DEPRECIATION
At 1 April 2022 11,018 12,659 10,194 38,162 72,033
Charge for year 8,049 2,416 5,142 6,300 21,907
Eliminated on disposal - - (10,081 ) - (10,081 )
At 31 March 2023 19,067 15,075 5,255 44,462 83,859
NET BOOK VALUE
At 31 March 2023 16,341 4,910 20,457 19,389 61,097
At 31 March 2022 23,074 7,326 29,585 15,716 75,701

6. STOCKS
31.3.23 31.3.22
£    £   
Work-in-progress 222,351 231,729

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 29,180 32,692
Other debtors 11,497 11,497
Prepayments 22,205 20,001
62,882 64,190

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 9,301 9,727
Hire purchase contracts (see note 10) 5,349 5,348
Trade creditors 93,379 109,715
Amounts owed to associates 34,300 21,932
Tax 7,745 4,641
Social security and other taxes 5,448 7,200
VAT 29,974 13,629
Other creditors 1,200 1,199
Directors' current accounts 68,687 55,035
Accruals and deferred income 14,436 3,001
269,819 231,427

Trimbio Ltd (Registered number: 08430749)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans - 1-2 years 9,536 9,973
Bank loans - 2-5 years 12,830 21,594
Hire purchase contracts (see note 10) 10,697 16,046
33,063 47,613

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.3.23 31.3.22
£    £   
Net obligations repayable:
Within one year 5,349 5,348
Between one and five years 10,697 16,046
16,046 21,394

Non-cancellable operating leases
31.3.23 31.3.22
£    £   
Within one year 29,712 34,745
Between one and five years 89,136 121,621
In more than five years 73,290 95,277
192,138 251,643

11. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
£    £   
Deferred tax 11,404 14,384

Deferred
tax
£   
Balance at 1 April 2022 14,384
Provided during year (2,980 )
Balance at 31 March 2023 11,404

12. RELATED PARTY DISCLOSURES

At the period end the director, S Francis, was owed £55,036 (2021: £49,051). At the period end the director, J Bragg was owed £nil (2021: £1,664). All amounts are unsecured, and are payable on demand and interest is charged on amounts owed to S and E Francis at a rate of 12% per annum.

Trimbio Ltd (Registered number: 08430749)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

13. ULTIMATE CONTROLLING PARTY

The company is controlled by S Francis and E Francis due to their majority shareholding.