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REGISTERED NUMBER: 01890698 (England and Wales)






























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

TRIFIBRE LIMITED

TRIFIBRE LIMITED (REGISTERED NUMBER: 01890698)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TRIFIBRE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr NN Cox
Mr M Champaneria
Mr MK Truman
Mr CDJ Cox
Mrs LHMM Cox
Mr SJ Boswell





SECRETARY: Mrs LHMM Cox





REGISTERED OFFICE: 17 Boston Road
Gorse Hill Industrial Estate
Leicester
Leicestershire
LE4 1AW





REGISTERED NUMBER: 01890698 (England and Wales)

TRIFIBRE LIMITED (REGISTERED NUMBER: 01890698)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,065,271 899,748
1,065,271 899,748

CURRENT ASSETS
Stocks 6 679,767 647,826
Debtors 7 2,652,254 2,503,989
Cash at bank and in hand 22,011 31,421
3,354,032 3,183,236
CREDITORS
Amounts falling due within one year 8 2,096,480 1,974,996
NET CURRENT ASSETS 1,257,552 1,208,240
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,322,823

2,107,988

CREDITORS
Amounts falling due after more than one
year

9

(380,071

)

(270,695

)

PROVISIONS FOR LIABILITIES (264,046 ) (168,847 )
NET ASSETS 1,678,706 1,668,446

CAPITAL AND RESERVES
Called up share capital 40,723 40,723
Retained earnings 1,637,983 1,627,723
SHAREHOLDERS' FUNDS 1,678,706 1,668,446

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

TRIFIBRE LIMITED (REGISTERED NUMBER: 01890698)

BALANCE SHEET - continued
31 MARCH 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 Board of Directors and authorised for issue on 6 November 2024 and were signed on its behalf by:





Mr CDJ Cox - Director


TRIFIBRE LIMITED (REGISTERED NUMBER: 01890698)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Trifibre Limited 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.

Turnover
Revenue comprises the fair value for the sale of goods excluding value added taxes and represents net invoice.

The company supplies products to customers under standard terms and conditions. In all cases revenue is recognised when the risks and rewards of ownership are transferred and this is defined to be on dispatch of the goods.

Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold - 10% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


TRIFIBRE LIMITED (REGISTERED NUMBER: 01890698)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

The scheme is operated for the directors.

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.

Hire purchases
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

Operating leases
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 55 (2023 - 65 ) .

TRIFIBRE LIMITED (REGISTERED NUMBER: 01890698)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. INTANGIBLE FIXED ASSETS
Domain
Name
£   
COST
At 1 April 2023
and 31 March 2024 5,433
AMORTISATION
At 1 April 2023
and 31 March 2024 5,433
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2023 16,056 2,466,225 475,518 10,394 2,968,193
Additions - 244,666 64,198 - 308,864
At 31 March 2024 16,056 2,710,891 539,716 10,394 3,277,057
DEPRECIATION
At 1 April 2023 16,056 1,623,413 418,582 10,394 2,068,445
Charge for year - 98,173 45,168 - 143,341
At 31 March 2024 16,056 1,721,586 463,750 10,394 2,211,786
NET BOOK VALUE
At 31 March 2024 - 989,305 75,966 - 1,065,271
At 31 March 2023 - 842,812 56,936 - 899,748

6. STOCKS
2024 2023
£    £   
Stocks 609,397 540,328
Work-in-progress 70,370 107,498
679,767 647,826

TRIFIBRE LIMITED (REGISTERED NUMBER: 01890698)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,098,529 893,831
Amounts owed by group undertakings 524,027 312,101
Other debtors 1,029,698 1,298,057
2,652,254 2,503,989

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 231,950 162,500
Hire purchase contracts (see note 10) 47,065 -
Payments on account 109,196 298,958
Trade creditors 773,911 693,294
Amounts owed to group undertakings 2,803 2,803
Taxation and social security 211,962 157,380
Other creditors 719,593 660,061
2,096,480 1,974,996

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 249,327 270,695
Hire purchase contracts (see note 10) 130,744 -
380,071 270,695

10. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year 47,065 -
Between one and five years 130,744 -
177,809 -

TRIFIBRE LIMITED (REGISTERED NUMBER: 01890698)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 481,277 433,195
Hire purchase contracts 177,809 -
HSBC Invoice Finance 341,797 320,267
1,000,883 753,462

The HSBC Bank Plc has a secured debt over assets of the company.

Hire purchase contracts are secured upon the assets to which they relate.

12. ULTIMATE CONTROLLING PARTY

The company's ultimate parent undertaking is Trifibre Group Limited. The registered office address and the principal place of business of Trifibre Group Limited is 17 Boston Road, Gorse Hill Industrial Estate, Leicester, Leicestershire, LE4 1AW.

The company is the subsidiary undertaking of a small group and as such is not required by the Companies Act 2006 to prepare group accounts.