Tribo Technologies Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 09834115

Tribo Technologies Ltd

Filleted Unaudited Financial Statements

31 October 2025

Tribo Technologies Ltd

Financial Statements

Period ended 31 October 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Tribo Technologies Ltd

Statement of Financial Position

31 October 2025

	2025		2024
Note	£	£	£

Fixed assets

Intangible assets	5	1,215,727	1,077,601
Tangible assets	6	13,530	20,831
		------------	------------
		1,229,257	1,098,432

Current assets

Debtors	7	409,720	342,114
Cash at bank and in hand		1,085,243	1,401,799
		------------	------------
		1,494,963	1,743,913

Creditors: amounts falling due within one year	8	343,849		361,326
		------------		------------
Net current assets			1,151,114	1,382,587
			------------	------------
Total assets less current liabilities			2,380,371	2,481,019
			------------	------------
Net assets			2,380,371	2,481,019
			------------	------------

Capital and reserves

Called up share capital	308	308
Share premium account	5,894,648	5,894,648
Profit and loss account	( 3,514,585)	( 3,413,937)
	------------	------------
Shareholders funds	2,380,371	2,481,019
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

For the period ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Tribo Technologies Ltd

Statement of Financial Position (continued)

31 October 2025

These financial statements were approved by the board of directors and authorised for issue on 13 June 2026 , and are signed on behalf of the board by:

M A Last

Director

Company registration number: 09834115

Tribo Technologies Ltd

Notes to the Financial Statements

Period ended 31 October 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Soho Works 2 Television Centre, 101 Wood Lane, London, W12 7FA, United Kingdom.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

These accounts have been prepared on a going concern basis. The directors are satisfied that the company will continue to meet its current obligations for at least the next 12 months.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Development costs	-	25% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Equipment	-	25% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the period amounted to 28 (2024: 29 ).

5. Intangible assets

	Development costs
	£
Cost
At 1 November 2024	2,456,794
Additions	618,852
	------------
At 31 October 2025	3,075,646
	------------
Amortisation
At 1 November 2024	1,379,193
Charge for the period	480,726
	------------
At 31 October 2025	1,859,919
	------------
Carrying amount
At 31 October 2025	1,215,727
	------------
At 31 October 2024	1,077,601
	------------

6. Tangible assets

	Equipment	Total
	£	£
Cost
At 1 November 2024	56,252	56,252
Additions	3,682	3,682
	--------	--------
At 31 October 2025	59,934	59,934
	--------	--------
Depreciation
At 1 November 2024	35,421	35,421
Charge for the period	10,983	10,983
	--------	--------
At 31 October 2025	46,404	46,404
	--------	--------
Carrying amount
At 31 October 2025	13,530	13,530
	--------	--------
At 31 October 2024	20,831	20,831
	--------	--------

7. Debtors

	2025	2024
	£	£
Trade debtors	117,521	196,114
Other debtors	292,199	146,000
	---------	---------
	409,720	342,114
	---------	---------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	52,553	44,421
Social security and other taxes	63,483	142,032
Pension creditor	4,026	4,421
Other creditors	223,787	170,452
	---------	---------
	343,849	361,326
	---------	---------

9. Directors' advances, credits and guarantees

At the year end a Director owed the company £8,811 (2024: Director was owed £982). During the year, advances of £43,061 were made to the Director and repayments of £33,268 made by the Director. No interest was charged on the loan.