Trico V.e. Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03613138 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

TRICO V.E. LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

K R Dunk

D J Nichols

SECRETARY:

Mrs M R Dunk

REGISTERED OFFICE:

Castlefields Mill

Castlefields Industrial Estate

Crossflatts

West Yorkshire

BD16 2AB

REGISTERED NUMBER:

03613138 (England and Wales)

ACCOUNTANTS:

PJE Chartered Accountants

2 Oakfield Road

Clifton

Bristol

BS8 2AL

FIXED ASSETS

Tangible assets

4

254,122

274,639

CURRENT ASSETS

Stocks

198,755

204,095

Debtors

5

375,553

585,661

Cash at bank and in hand

63,092

46,696

637,400

836,452

CREDITORS

Amounts falling due within one year

6

610,677

582,728

NET CURRENT ASSETS

26,723

253,724

TOTAL ASSETS LESS CURRENT
LIABILITIES

280,845

528,363

PROVISIONS FOR LIABILITIES

74,016

NET ASSETS

206,829

454,347

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

206,729

454,247

206,829

454,347

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 April 2026 and were signed on its behalf by:

K R Dunk - Director

1.	STATUTORY INFORMATION

Trico V.e. 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.

Tangible fixed assets

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

Leasehold property

-

2% on cost

Plant and machinery

-

7.5% on cost

Computer equipment

-

15% 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.

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 25 (2024 - 25 ) .

4.	TANGIBLE FIXED ASSETS

Leasehold

Plant and

Computer

property

machinery

equipment

Totals

£

COST

At 1 April 2024

23,221

979,830

132,456

1,135,507

Additions

-

1,895

At 31 March 2025

23,221

979,830

134,351

1,137,402

DEPRECIATION

At 1 April 2024

6,328

761,817

92,723

860,868

Charge for year

338

16,351

5,723

22,412

At 31 March 2025

6,666

778,168

98,446

883,280

NET BOOK VALUE

At 31 March 2025

16,555

201,662

35,905

254,122

At 31 March 2024

16,893

218,013

39,733

274,639

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

289,201

232,283

Bad debt provision

(1,002

)

(5,273

)

Amounts owed by associates

74,316

311,316

Other debtors

13,038

47,335

375,553

585,661

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Bank loans and overdrafts

12,237

22,439

Trade creditors

482,210

386,509

Amounts owed to associates

2,204

44,078

Social security and other taxes

11,959

17,989

VAT

61,839

37,373

Other creditors

40,228

74,340

610,677

582,728

The bank overdrafts are secured by way of a fixed and floating charge over the assets of the company and a cross guarantee by the other companies which are part of the Mariner Holdings group of companies.

7.	RELATED PARTY DISCLOSURES

At the year end the company was owed £74,316 (2024: £321,316) by its parent company, Mariner Holdings Limited.

The company also maintained an intercompany account with English Enamels Limited which is a
fellow subsidiary of Mariner Holdings Limited. At the year end there was a payable of £2,204 due to
the intercompany (2024: £2,204).

8.	ULTIMATE CONTROLLING PARTY

The company is a subsidiary of Mariner Holdings Limited and K R Dunk is the controlling party by virtue of his shareholding in that company.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Trico V.e. Limited for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Trico V.e. Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Trico V.e. Limited and state those matters that we have agreed to state to the Board of Directors of Trico V.e. Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Trico V.e. Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Trico V.e. Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Trico V.e. Limited. You consider that Trico V.e. Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Trico V.e. Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

PJE Chartered Accountants

2 Oakfield Road

Clifton

Bristol

BS8 2AL

21 April 2026