Trimo UK Limited

	Page
Abridged Balance Sheet	1
Notes to the Abridged Financial Statements	2—5

1. General Information

Trimo UK Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04177866 . The registered office is The Studio, 1 Canons Lane, Burgh Heath, Surrey, KT20 6DP.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have considered the financial projections for the company over the foreseeable future and have also reviewed the ongoing committed financial support from the company's parent undertaking and are confident that this will be available for the foreseeable future. After making enquiries, the directors are satisfied that the company has sufficient resources to continue in operation for the foreseeable future, being at least 12 months from the date of signing the financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

2.3. Turnover

Revenue comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Revenue is shown net of sales/value added tax.

The company recognises revenue when:

The amount of revenue can be reliably measured;

it is probable that future economic benefits will flow to the entity;

and specific criteria have been met for each of the company's activities.

2.4. Tangible Fixed Assets and Depreciation

Property, plant and equipment are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of property, plant and equipment includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Fixtures & Fittings

33.33% on written down value

Cash and Cash Equivalents

Cash and cash equivalents comprise bank current accounts that are subject to an insignificant risk of change in value.

2.5. Financial Instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

2.6. Foreign Currencies

Trading transactions in foreign currencies are translated into sterling at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the closing rates at the statement of financial position date and the exchange differences are included in the income statement.

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Trimo UK Limited

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 December 2024

2.7. Taxation

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

2.8. Pensions

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

2.9. Receivables

Receivables are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of receivables is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

2.10. Payables

Payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the payable for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Payables are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

2.11. Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 7 (2023: 6)

4. Property, plant and equipment

	Total
	£
Cost
As at 1 January 2024	17,301
Disposals	(6,741 )

As at 31 December 2024	10,560

Depreciation
As at 1 January 2024	15,378
Provided during the period	642
Disposals	(6,590 )

As at 31 December 2024	9,430

Net Book Value
As at 31 December 2024	1,130

As at 1 January 2024	1,923

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Trimo UK Limited

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 December 2024

5. Receivables

	2024	2023
	£	£
Due after more than one year

The amount owed by Trimo Group disclosed as falling within one year is unsecured, payable on demand, and is non-interest bearing.

6. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	250,000	250,000

The company has one class of share capital which carries no right to fixed income.

Reserves

The retained earnings reserve represents cumulative profit or losses net of dividends paid and other adjustments.

7. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2024	2023
	£	£
Not later than one year	18,432	10,047
Later than one year and not later than five years	7,680	22,812

	26,112	32,859

8. Pension Commitments

Defined Contribution Pension Scheme

The company operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the company to the scheme and amounted to £32,396 (2023: £30,432).

There were no proposed or outstanding contributions payable to the scheme at the year end

9. Post Balance Sheet Events

There have been no significant events between the year end and the date of approval of these accounts which would require a change to, or disclosure in, the financial statements

10. Related Party Transactions

The company is a wholly owned subsidiary member of its group and has therefore taken advantage of the provisions of paragraph 1AC.35 of FRS 102 - Small Entities the not to disclose transactions with entities that are wholly owned members of the group.

11. Ultimate Controlling Party

The company's immediate parent is Trimo d.o.o, incorporated in Slovenia.

The most senior parent entity producing publicly available financial statements is Trimo d.o.o. These financial statements are available upon request from Prijateljeva cesta 12, 8210 Trebnje, Slovenia.

There were no other related party transactions to disclose.

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Trimo UK Limited

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 December 2024

12. Audit Information

The auditor's report on the accounts of Trimo UK Limited for the year ended 31 December 2024 was unqualified.

The auditor's report was signed by Leanne Humphreys (Senior Statutory Auditor) for and on behalf of Shaw Gibbs (Audit) Limited , Statutory Auditor.

Shaw Gibbs (Audit) Limited

Salatin House, 19 Cedar Road

Sutton

SM2 5DA

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		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Property, plant and equipment	4		1,130		1,923

			1,130		1,923
CURRENT ASSETS
Receivables	5	321,267		308,359
Cash at bank and in hand		15,901		21,207

		337,168		329,566
Payables: Amounts Falling Due Within One Year		(60,611 )		(78,868 )

NET CURRENT ASSETS (LIABILITIES)			276,557		250,698

TOTAL ASSETS LESS CURRENT LIABILITIES			277,687		252,621

NET ASSETS			277,687		252,621

CAPITAL AND RESERVES
Called up share capital	6		250,000		250,000
Profit and Loss Account			27,687		2,621

SHAREHOLDERS' FUNDS			277,687		252,621