REGISTERED NUMBER: 00966219 (England and Wales)

Financial Statements

for the Year Ended 31 December 2025

for

TROUVAY & CAUVIN LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

L P Marie

L Marie

Secretary:

S Pickup

Registered office:

Broadgate

Broadway Business Park

Chadderton

Oldham

Lancashire

OL9 9XA

Registered number:

00966219 (England and Wales)

Auditors:

S&W Audit

Northern Assurance Buildings

9-21 Princess Street

Manchester

M2 4DN

Fixed assets

Tangible assets

5

18,470

10,107

Current assets

Stocks

78,014

46,548

Debtors

6

3,388,387

2,665,127

Cash at bank and in hand

776,734

552,296

4,243,135

3,263,971

Creditors

Amounts falling due within one year

7

2,450,322

1,597,042

Net current assets

1,792,813

1,666,929

Total assets less current liabilities

1,811,283

1,677,036

Provisions for liabilities

4,618

-

Net assets

1,806,665

1,677,036

Capital and reserves

Called up share capital

9

517,500

517,500

Retained earnings

1,289,165

1,159,536

Shareholders' funds

1,806,665

1,677,036

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 May 2026 and were signed on its behalf by:

L Marie - Director

1.	Statutory information

Trouvay & Cauvin 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.	Statement of compliance

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" under the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	Accounting policies

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

In assessing the company's ability to continue as a going concern, the Directors have considered the liquidity position and reviewed cash flow forecasts for the foreseeable future. The company has adequate financial resources and as a consequence, the Directors believe that the company is well places to managed its business risks successfully and meet its liabilities as they fall due. For this reason, the Directors continue to adopt the going concern concept.

Turnover

Turnover represents the net invoiced sales of piping products to customers, excluding value added tax. Sales are recognised in line with freight terms.

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

-

20% straight line

Fixtures and fittings

-

25% straight line and 20% straight line

Computer equipment

-

33% straight line and 20% straight line

Tangible assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes the original purchase price, costs directly attributable to bringing the asset to its working condition for its intended use, dismantling and restoration costs and borrowing costs capitalised.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments.

(i) Financial assets

Basic financial assets, including trade and other debtors and cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the profit or loss.

There are no assets which are initially measured at fair value.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

4.	Employees and directors

The average number of employees during the year was 10 (2024 - 10 ) .

5.	Tangible fixed assets

Fixtures

Improvements

Plant and

and

Computer

to property

machinery

fittings

equipment

Totals

£

£

£

£

£

Cost

At 1 January 2025

10,604

-

6,022

26,622

43,248

Additions

-

9,105

-

4,611

13,716

At 31 December 2025

10,604

9,105

6,022

31,233

56,964

Depreciation

At 1 January 2025

7,377

-

4,955

20,809

33,141

Charge for year

1,137

224

310

3,682

5,353

At 31 December 2025

8,514

224

5,265

24,491

38,494

Net book value

At 31 December 2025

2,090

8,881

757

6,742

18,470

At 31 December 2024

3,227

-

1,067

5,813

10,107

6.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

2,437,914

2,027,504

Amounts owed by group undertakings

600,387

469,779

Other debtors

350,086

167,844

3,388,387

2,665,127

Financial assets that are debt instruments measured at amortised cost include trade debtors, amounts owed by group undertakings and other debtors.

During the year ended 31 December 2024, an amount of £140,948 was included within trade debtors and has been reclassified to amounts owed to group undertakings to reflect its correct nature.

7.

Creditors: amounts falling due within one year

2025

2024

£

£

Trade creditors

202,572

590,037

Amounts owed to group undertakings

1,868,447

768,466

Corporation tax

41,986

88,575

Social security and other taxes

13,407

13,639

Accrued expenses

323,910

136,325

2,450,322

1,597,042

Financial liabilities measured at amortised cost include trade creditors and other creditors.

During the year ended 31 December 2024, an amount of £768,466 was included within trade creditors and has been reclassified to amounts owed by group undertakings to reflect its correct nature.

8.	Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

85,000

85,000

Between one and five years

247,917

332,917

332,917

417,917

9.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

517,500

Ordinary

£1

517,500

517,500

10.	Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the Auditors was unqualified.

David Fort FCA (Senior Statutory Auditor)

for and on behalf of S&W Audit

11.	Related party disclosures

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

12.	Ultimate controlling party

The ultimate parent undertaking and the smallest and largest group to consolidate these financial statements is Trouvay & Cauvin Holding Group FZCO. Consolidated financial statements can be obtained from P.O Box 16954, Dubai, United Arab Emirates.