Tri-Fix Industrial Fasteners Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: SC124270 (Scotland)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

FOR

TRI-FIX INDUSTRIAL FASTENERS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

C McGuigan

I McCulloch

S D McGuigan

R Magennis

REGISTERED OFFICE:

Tri-Fix House

Canyon Road

Excelsior Park

Wishaw

ML2 0EG

REGISTERED NUMBER:

SC124270 (Scotland)

AUDITORS:

Bannerman Johnstone Maclay Limited

Chartered Accountants

and Statutory Auditor

213 St Vincent Street

Glasgow

G2 5QY

BANKERS:

Barclays Bank UK PLC

Leicester

LE87 2BB

FIXED ASSETS

Tangible assets

4

964,700

992,101

CURRENT ASSETS

Stocks

155,375

183,592

Debtors

5

1,190,063

1,027,514

Cash at bank and in hand

263,998

408,786

1,609,436

1,619,892

CREDITORS

Amounts falling due within one year

6

826,924

807,343

NET CURRENT ASSETS

782,512

812,549

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,747,212

1,804,650

CREDITORS

Amounts falling due after more than one
year

7

(224,049

)

(308,650

)

PROVISIONS FOR LIABILITIES

(3,675

)

(10,524

)

NET ASSETS

1,519,488

1,485,476

CAPITAL AND RESERVES

Called up share capital

11,888

Revaluation reserve

9

685,549

Capital redemption reserve

28,312

Retained earnings

793,739

759,727

SHAREHOLDERS' FUNDS

1,519,488

1,485,476

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 31 August 2026 and were signed on its behalf by:

C McGuigan - Director

1.	STATUTORY INFORMATION

Tri-Fix Industrial Fasteners Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

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.

Land and buildings - not provided

Plant and machinery etc - 33 1/3% on cost and 25% on cost

No depreciation is charged on the revalued land and buildings as the directors consider the carrying value on an annual basis.

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 elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include certain debtors and cash and bank balances, are initially measured at transaction price including transactions costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including certain creditors, 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 payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2024 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST OR VALUATION

At 1 December 2024

950,000

325,464

1,275,464

Additions

-

22,098

At 30 November 2025

950,000

347,562

1,297,562

DEPRECIATION

At 1 December 2024

-

283,363

Charge for year

-

49,499

At 30 November 2025

-

332,862

NET BOOK VALUE

At 30 November 2025

950,000

14,700

964,700

At 30 November 2024

950,000

42,101

992,101

Cost or valuation at 30 November 2025 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

Valuation in 2022

271,045

-

271,045

Cost

678,955

347,562

1,026,517

950,000

347,562

1,297,562

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2025

2024

£

Cost

678,955

Value of land in freehold land and buildings

68,400

Freehold land and buildings were professionally valued, on an open market basis, on 3 August 2022 by Whyte & Barrie Chartered Surveyors. The directors considered the carrying value on 30 November 2025 and are satisfied that it does not differ materially from its current fair value.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST OR VALUATION

At 1 December 2024

and 30 November 2025

59,085

DEPRECIATION

At 1 December 2024

39,387

Charge for year

19,698

At 30 November 2025

59,085

NET BOOK VALUE

At 30 November 2025

-

At 30 November 2024

19,698

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

555,695

510,003

Amounts owed by group undertakings

582,599

381,496

Other debtors

51,769

136,015

1,190,063

1,027,514

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Hire purchase contracts (see note 8)

16,002

Trade creditors

460,431

503,376

Amounts owed to group undertakings

-

4,765

Taxation and social security

160,214

135,768

Other creditors

190,277

147,432

826,924

807,343

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Hire purchase contracts (see note 8)

8,617

23,387

Other creditors

215,432

285,263

224,049

308,650

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

Gross obligations repayable:

Within one year

19,497

Between one and five years

10,559

28,555

30,056

48,052

Finance charges repayable:

Within one year

3,495

Between one and five years

1,942

5,168

5,437

8,663

Net obligations repayable:

Within one year

16,002

Between one and five years

8,617

23,387

24,619

39,389

Non-cancellable

operating leases

2025

2024

£

Within one year

13,094

Between one and five years

8,182

21,276

34,370

9.

RESERVES

Revaluation

reserve

£

At 1 December 2024

and 30 November 2025

685,549

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Douglas Paton BSc CA (Senior Statutory Auditor)

for and on behalf of Bannerman Johnstone Maclay Limited

11.	ULTIMATE CONTROLLING PARTY

The immediate and ultimate parent undertaking and controlling party is Tri-Fix Holdings Ltd.