IRIS Accounts Production v24.3.0.553 08383274 director 1.4.23 31.3.24 31.3.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh083832742023-03-31083832742024-03-31083832742023-04-012024-03-31083832742022-03-31083832742022-04-012023-03-31083832742023-03-3108383274ns15:EnglandWales2023-04-012024-03-3108383274ns14:PoundSterling2023-04-012024-03-3108383274ns10:Director12023-04-012024-03-3108383274ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3108383274ns10:SmallEntities2023-04-012024-03-3108383274ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3108383274ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3108383274ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3108383274ns10:FullAccounts2023-04-012024-03-310838327412023-04-012024-03-3108383274ns10:CompanySecretary12023-04-012024-03-3108383274ns10:RegisteredOffice2023-04-012024-03-3108383274ns5:CurrentFinancialInstruments2024-03-3108383274ns5:CurrentFinancialInstruments2023-03-3108383274ns5:Non-currentFinancialInstruments2024-03-3108383274ns5:Non-currentFinancialInstruments2023-03-3108383274ns5:ShareCapital2024-03-3108383274ns5:ShareCapital2023-03-3108383274ns5:RetainedEarningsAccumulatedLosses2024-03-3108383274ns5:RetainedEarningsAccumulatedLosses2023-03-3108383274ns5:NetGoodwill2023-04-012024-03-3108383274ns5:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3108383274ns5:PlantMachinery2023-04-012024-03-3108383274ns5:FurnitureFittings2023-04-012024-03-3108383274ns5:MotorVehicles2023-04-012024-03-3108383274ns5:ComputerEquipment2023-04-012024-03-3108383274ns5:NetGoodwill2023-03-3108383274ns5:NetGoodwill2024-03-3108383274ns5:NetGoodwill2023-03-3108383274ns5:PlantMachinery2023-03-3108383274ns5:FurnitureFittings2023-03-3108383274ns5:MotorVehicles2023-03-3108383274ns5:ComputerEquipment2023-03-3108383274ns5:PlantMachinery2024-03-3108383274ns5:FurnitureFittings2024-03-3108383274ns5:MotorVehicles2024-03-3108383274ns5:ComputerEquipment2024-03-3108383274ns5:PlantMachinery2023-03-3108383274ns5:FurnitureFittings2023-03-3108383274ns5:MotorVehicles2023-03-3108383274ns5:ComputerEquipment2023-03-3108383274ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3108383274ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-31
REGISTERED NUMBER: 08383274 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

TRI PRODUCTS (EUROPE) LIMITED

TRI PRODUCTS (EUROPE) LIMITED (REGISTERED NUMBER: 08383274)






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


TRI PRODUCTS (EUROPE) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: I A Davis





SECRETARY: Mrs S Davis





REGISTERED OFFICE: Unit 3 Spelmonden Estate
Goudhurst
Kent
TN17 1HE





REGISTERED NUMBER: 08383274 (England and Wales)





ACCOUNTANTS: Wells Associates
Ground Floor Oakhurst House
77 Mount Ephraim
Tunbridge Wells
Kent
TN4 8BS

TRI PRODUCTS (EUROPE) LIMITED (REGISTERED NUMBER: 08383274)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,737 4,057
2,737 4,057

CURRENT ASSETS
Stocks 75,000 50,000
Debtors 6 92,535 95,951
Cash at bank 4,090 23,946
171,625 169,897
CREDITORS
Amounts falling due within one year 7 (124,419 ) (111,512 )
NET CURRENT ASSETS 47,206 58,385
TOTAL ASSETS LESS CURRENT
LIABILITIES

49,943

62,442

CREDITORS
Amounts falling due after more than one
year

8

(11,661

)

(27,667

)

PROVISIONS FOR LIABILITIES (520 ) (771 )
NET ASSETS 37,762 34,004

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 37,662 33,904
37,762 34,004

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 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.

TRI PRODUCTS (EUROPE) LIMITED (REGISTERED NUMBER: 08383274)

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 director and authorised for issue on 28 November 2024 and were signed by:





I A Davis - Director


TRI PRODUCTS (EUROPE) LIMITED (REGISTERED NUMBER: 08383274)

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

1. STATUTORY INFORMATION

Tri Products (Europe) 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of five years.

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.

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 - 15% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 20% 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.

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.

TRI PRODUCTS (EUROPE) LIMITED (REGISTERED NUMBER: 08383274)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 2,500
AMORTISATION
At 1 April 2023
and 31 March 2024 2,500
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 60,784 1,547 2,000 4,856 69,187
Disposals (7,250 ) - - - (7,250 )
At 31 March 2024 53,534 1,547 2,000 4,856 61,937
DEPRECIATION
At 1 April 2023 58,819 928 2,000 3,383 65,130
Charge for year 642 310 - 368 1,320
Eliminated on disposal (7,250 ) - - - (7,250 )
At 31 March 2024 52,211 1,238 2,000 3,751 59,200
NET BOOK VALUE
At 31 March 2024 1,323 309 - 1,105 2,737
At 31 March 2023 1,965 619 - 1,473 4,057

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 62,779 47,919
Other debtors 29,756 48,032
92,535 95,951

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 16,000 16,000
Trade creditors 41,262 34,006
Taxation and social security 64,675 48,652
Other creditors 2,482 12,854
124,419 111,512

TRI PRODUCTS (EUROPE) LIMITED (REGISTERED NUMBER: 08383274)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 11,661 27,667