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REGISTERED NUMBER: 09604548 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29TH FEBRUARY 2024

FOR

TRINITY HAIR PRODUCTS LTD

TRINITY HAIR PRODUCTS LTD (REGISTERED NUMBER: 09604548)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29TH FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TRINITY HAIR PRODUCTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 29TH FEBRUARY 2024







DIRECTOR: J P Wensley





REGISTERED OFFICE: Unit 6, Petre Road
Clayton Business Park
Clayton Le Moors
Accrington
BB5 5JB





REGISTERED NUMBER: 09604548 (England and Wales)





ACCOUNTANTS: Ainsworths Limited
Charter House
Stansfield Street
Nelson
Lancashire
BB9 9XY

TRINITY HAIR PRODUCTS LTD (REGISTERED NUMBER: 09604548)

BALANCE SHEET
29TH FEBRUARY 2024

29.2.24 28.2.23
Notes £    £   
CURRENT ASSETS
Stocks 25,709 33,522
Debtors 5 281 1,928
Cash at bank 226 216
26,216 35,666
CREDITORS
Amounts falling due within one year 6 1,010 2,743
NET CURRENT ASSETS 25,206 32,923
TOTAL ASSETS LESS CURRENT
LIABILITIES

25,206

32,923

CREDITORS
Amounts falling due after more than one
year

7

109,177

114,120
NET LIABILITIES (83,971 ) (81,197 )

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings (83,975 ) (81,201 )
(83,971 ) (81,197 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

TRINITY HAIR PRODUCTS LTD (REGISTERED NUMBER: 09604548)

BALANCE SHEET - continued
29TH FEBRUARY 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 6th November 2024 and were signed by:





J P Wensley - Director


TRINITY HAIR PRODUCTS LTD (REGISTERED NUMBER: 09604548)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29TH FEBRUARY 2024


1. STATUTORY INFORMATION

Trinity Hair Products 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.

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.

These financial statements show an insolvent position at the Balance Sheet date. A director has confirmed he will continue to provide financial support to the company for at least the next twelve months and therefore these accounts have been prepared on a going concern basis.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

TRINITY HAIR PRODUCTS LTD (REGISTERED NUMBER: 09604548)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29TH FEBRUARY 2024


4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1st March 2023
and 29th February 2024 1,125
DEPRECIATION
At 1st March 2023
and 29th February 2024 1,125
NET BOOK VALUE
At 29th February 2024 -
At 28th February 2023 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors - 1,506
Other debtors 281 422
281 1,928

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 504 1,476
Taxation and social security 506 1,267
1,010 2,743

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Other creditors 109,177 114,120