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REGISTERED NUMBER: 02702885 (England and Wales)




FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

TRICLOVER LIMITED

TRICLOVER LIMITED (REGISTERED NUMBER: 02702885)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TRICLOVER LIMITED

COMPANY INFORMATION
for the year ended 29 February 2024







DIRECTORS: M M Raza
S Seow





REGISTERED OFFICE: 1207 High Road
Romford
RM6 4AL





REGISTERED NUMBER: 02702885 (England and Wales)





AUDITORS: Luckmans Duckett Parker Limited
1110 Elliott Court
Coventry Business Park
Herald Avenue
Coventry
West Midlands
CV5 6UB

TRICLOVER LIMITED (REGISTERED NUMBER: 02702885)

BALANCE SHEET
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 37,634 42,954
37,634 42,954

CURRENT ASSETS
Stocks 43,118 44,840
Debtors 6 275,251 243,320
Cash at bank and in hand 87,385 1,172
405,754 289,332
CREDITORS
Amounts falling due within one year 7 303,105 141,346
NET CURRENT ASSETS 102,649 147,986
TOTAL ASSETS LESS CURRENT
LIABILITIES

140,283

190,940

CREDITORS
Amounts falling due after more than one
year

8

-

(2,417

)

PROVISIONS FOR LIABILITIES (8,097 ) (8,097 )
NET ASSETS 132,186 180,426

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 132,086 180,326
SHAREHOLDERS' FUNDS 132,186 180,426

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 19 February 2025 and were signed on its behalf by:





S Seow - Director


TRICLOVER LIMITED (REGISTERED NUMBER: 02702885)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 29 February 2024

1. STATUTORY INFORMATION

Triclover 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.

The policies adopted for the recognition of turnover are as follows:-

NHS Income

NHS income is recognised in line with statements FP34. Adjustments are made for any income earned but not yet received.

Over the counter (OTC) sales

OTC sales are recorded as per till records and are therefore recognised at point of sale.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 1993, is being amortised evenly over its estimated useful life of fifteen 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.
Improvements to property - Equal instalments over period of lease
Fixtures and fittings - 20% on cost and 10% on reducing balance
Motor vehicles - 15% on reducing balance
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.


TRICLOVER LIMITED (REGISTERED NUMBER: 02702885)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 29 February 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 102,000
AMORTISATION
At 1 March 2023
and 29 February 2024 102,000
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 -

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2023 2,372 206,409 10,860 4,005 223,646
Additions - 292 - - 292
At 29 February 2024 2,372 206,701 10,860 4,005 223,938
DEPRECIATION
At 1 March 2023 2,372 175,412 679 2,229 180,692
Charge for year - 3,284 1,527 801 5,612
At 29 February 2024 2,372 178,696 2,206 3,030 186,304
NET BOOK VALUE
At 29 February 2024 - 28,005 8,654 975 37,634
At 28 February 2023 - 30,997 10,181 1,776 42,954

TRICLOVER LIMITED (REGISTERED NUMBER: 02702885)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 29 February 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 67,574 81,799
Amounts owed by group undertakings 186,751 120,603
Other debtors 9,580 29,573
Tax 10,926 10,925
Prepayments 420 420
275,251 243,320

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 3,855
Hire purchase contracts (see note 9) 1,778 4,438
Trade creditors 129,317 105,845
Amounts owed to group undertakings 156,906 19,177
Tax - 223
Social security and other taxes 5,412 2,900
Other creditors 1,444 968
Accrued expenses 8,248 3,940
303,105 141,346

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) - 2,417

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 1,778 4,438
Between one and five years - 2,417
1,778 6,855

Non-cancellable operating leases
2024 2023
£    £   
Within one year 17,000 17,000
Between one and five years 1,417 18,417
18,417 35,417

TRICLOVER LIMITED (REGISTERED NUMBER: 02702885)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 29 February 2024

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 1,778 6,855

Assets under finance are secured on the asset to which it relates.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

12. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Ashwani Rishiraj BA FCA (Senior Statutory Auditor)
for and on behalf of Luckmans Duckett Parker Limited

13. PARENT COMPANY

The parent Company is Wellbeing (United Kingdom) Limited.