Silverfin false false 05/04/2024 06/04/2023 05/04/2024 John Alexander 06/02/2013 27 August 2024 The principal activity of the Company during the financial year was the supply of labour to vessels in the fishing industry. SC442128 2024-04-05 SC442128 bus:Director1 2024-04-05 SC442128 core:CurrentFinancialInstruments 2024-04-05 SC442128 core:CurrentFinancialInstruments 2023-04-05 SC442128 2023-04-05 SC442128 core:ShareCapital 2024-04-05 SC442128 core:ShareCapital 2023-04-05 SC442128 core:RetainedEarningsAccumulatedLosses 2024-04-05 SC442128 core:RetainedEarningsAccumulatedLosses 2023-04-05 SC442128 bus:OrdinaryShareClass1 2024-04-05 SC442128 2023-04-06 2024-04-05 SC442128 bus:FilletedAccounts 2023-04-06 2024-04-05 SC442128 bus:SmallEntities 2023-04-06 2024-04-05 SC442128 bus:AuditExemptWithAccountantsReport 2023-04-06 2024-04-05 SC442128 bus:PrivateLimitedCompanyLtd 2023-04-06 2024-04-05 SC442128 bus:Director1 2023-04-06 2024-04-05 SC442128 2022-04-06 2023-04-05 SC442128 bus:OrdinaryShareClass1 2023-04-06 2024-04-05 SC442128 bus:OrdinaryShareClass1 2022-04-06 2023-04-05 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC442128 (Scotland)

TRIOLEX (SCOTLAND) LTD

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 05 APRIL 2024
PAGES FOR FILING WITH THE REGISTRAR

TRIOLEX (SCOTLAND) LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 05 APRIL 2024

Contents

TRIOLEX (SCOTLAND) LTD

BALANCE SHEET

AS AT 05 APRIL 2024
TRIOLEX (SCOTLAND) LTD

BALANCE SHEET (continued)

AS AT 05 APRIL 2024
2024 2023
£ £
Current assets
Debtors 3 50,390 52,524
Cash at bank and in hand 14,156 3,562
64,546 56,086
Creditors: amounts falling due within one year 4 ( 27,025) ( 16,236)
Net current assets 37,521 39,850
Total assets less current liabilities 37,521 39,850
Net assets 37,521 39,850
Capital and reserves
Called-up share capital 5 100 100
Profit and loss account 37,421 39,750
Total shareholder's funds 37,521 39,850

For the financial year ending 05 April 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Triolex (Scotland) Ltd (registered number: SC442128) were approved and authorised for issue by the Director on 27 August 2024. They were signed on its behalf by:

John Alexander
Director
TRIOLEX (SCOTLAND) LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 05 APRIL 2024
TRIOLEX (SCOTLAND) LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 05 APRIL 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Triolex (Scotland) Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is Rehoboth, East Rathen, Fraserburgh, AB43 8XB, United Kingdom.

The financial statements have been prepared under the historical cost convention 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 and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has 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.

Turnover

Turnover represents amounts receivable for the provision of labour service and is recognised when the service is provided during the year.

Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Impairment of assets

At each balance sheet date, the company reviews its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

Financial assets
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit & Loss Account.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include deposits held at call with banks.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Basic financial assets
Basic financial assets, which include debtors and bank balances, are measured at transaction price.

Basic financial liabilities
Basic financial liabilities, including creditors, are recognised at transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Debtors

2024 2023
£ £
Trade debtors 50,000 52,000
Other debtors 390 524
50,390 52,524

4. Creditors: amounts falling due within one year

2024 2023
£ £
Taxation and social security 14,285 14,931
Other creditors 12,740 1,305
27,025 16,236

5. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

6. Related party transactions

Transactions with the entity's director

2024 2023
£ £
Amounts due (to)/from director (10,741) 219

This loan is interest free and has no set repayment terms.