Registration number: 08455931

Trio (Oldham) Limited

Contents

Statement of Financial Position	1
Notes to the Unaudited Financial Statements	2 to 6

Trio (Oldham) Limited

(Registration number: 08455931)
Statement of Financial Position as at 23 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	19,458	28,321
Current assets
Stocks	5	25,500	15,000
Debtors	6	41,418	27,348
Cash at bank and in hand		24,020	43,977
		90,938	86,325
Creditors: Amounts falling due within one year	7	(62,168)	(53,305)
Net current assets		28,770	33,020
Total assets less current liabilities		48,228	61,341
Creditors: Amounts falling due after more than one year	7	(1,706)	(9,834)
Provisions for liabilities		(3,697)	(5,383)
Net assets		42,825	46,124
Capital and reserves
Called up share capital		100	100
Retained earnings		42,725	46,024
Shareholders' funds		42,825	46,124

For the financial year ending 23 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 22 December 2025
 

......................................... Mr T R F O'Neill Director

Trio (Oldham) Limited

Notes to the Unaudited Financial Statements for the Year Ended 23 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
c/o Menzies LLP
One Express
1 George Leigh Street
Manchester
M4 5DL

These financial statements were authorised for issue by the director on 22 December 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover 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. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

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.

Tax

The tax expense for the period comprises current and deferred 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.

Trio (Oldham) Limited

Notes to the Unaudited Financial Statements for the Year Ended 23 March 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

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

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

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:

Asset class	Depreciation method and rate
Plant & Machinery	20% on cost
Motor Vehicle	25% On cost
Computer equipment	33% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors 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 trade debtors 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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trio (Oldham) Limited

Notes to the Unaudited Financial Statements for the Year Ended 23 March 2025

Trade creditors

Trade creditors 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 creditor 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.

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

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Defined contribution pension obligation

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.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 4 (2024 - 4).

Trio (Oldham) Limited

Notes to the Unaudited Financial Statements for the Year Ended 23 March 2025

4	Tangible assets

	Computer equipment £	Plant and machinery £	Office equipment £	Motor vehicles  £
Cost or valuation
At 24 March 2024	2,120	66,436	823	15,842
At 23 March 2025	2,120	66,436	823	15,842
Depreciation
At 24 March 2024	1,707	46,452	613	8,128
Charge for the year	93	6,442	68	2,260
At 23 March 2025	1,800	52,894	681	10,388
Carrying amount
At 23 March 2025	320	13,542	142	5,454
At 23 March 2024	413	19,984	210	7,714

	Total £
Cost or valuation
At 24 March 2024	85,221
At 23 March 2025	85,221
Depreciation
At 24 March 2024	56,900
Charge for the year	8,863
At 23 March 2025	65,763
Carrying amount
At 23 March 2025	19,458
At 23 March 2024	28,321

5

Stocks

	2025 £	2024 £
Other inventories	25,500	15,000

Trio (Oldham) Limited

Notes to the Unaudited Financial Statements for the Year Ended 23 March 2025

6

Debtors

Current	2025 £	2024 £
Trade debtors	41,418	27,348
	41,418	27,348

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings		7,800	7,800
Trade creditors		25,028	23,493
Taxation and social security		14,087	12,224
Accruals and deferred income		1,868	1,618
Other creditors		13,385	8,170
		62,168	53,305

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings		1,706	9,834

8	Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

	2025 £	2024 £
Not later than one year	1,077	3,212
Later than one year and not later than five years	-	1,077
	1,077	4,289

The amount of non-cancellable operating lease payments recognised as an expense during the year was £3,212 (2024 - £4,289).