REGISTERED NUMBER: 02702885 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

TRICLOVER LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M M Raza

S Seow

REGISTERED OFFICE:

1207 High Road

Romford

RM6 4AL

REGISTERED NUMBER:

02702885 (England and Wales)

AUDITORS:

Luckmans Duckett Parker Limited

1110 Elliott Court

Coventry Business Park

Herald Avenue

Coventry

West Midlands

CV5 6UB

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

33,287

37,634

33,287

37,634

CURRENT ASSETS

Stocks

39,588

43,118

Debtors

6

228,176

275,251

Cash at bank and in hand

26,043

87,385

293,807

405,754

CREDITORS

Amounts falling due within one year

7

246,894

303,105

NET CURRENT ASSETS

46,913

102,649

TOTAL ASSETS LESS CURRENT LIABILITIES

80,200

140,283

PROVISIONS FOR LIABILITIES

8,097

8,097

NET ASSETS

72,103

132,186

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

72,003

132,086

SHAREHOLDERS' FUNDS

72,103

132,186

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 25 November 2025 and were signed on its behalf by:

S Seow - Director

1.	STATUTORY INFORMATION

Triclover 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.

The policies adopted for the recognition of turnover are as follows:-

NHS Income

NHS income is recognised in line with statements FP34. Adjustments are made for any income earned but not yet received.

Over the counter (OTC) sales

OTC sales are recorded as per till records and are therefore recognised at point of sale.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 1993, is being amortised evenly over its estimated useful life of fifteen years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

Equal instalments over period of lease

Fixtures and fittings

-

20% on cost and 10% on reducing balance

Motor vehicles

-

15% on reducing balance

Computer equipment

-

20% 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 11 (2024 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 March 2024

and 28 February 2025

102,000

AMORTISATION

At 1 March 2024

and 28 February 2025

102,000

NET BOOK VALUE

At 28 February 2025

-

At 29 February 2024

-

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 March 2024

2,372

206,701

10,860

4,005

223,938

Additions

-

190

-

470

660

At 28 February 2025

2,372

206,891

10,860

4,475

224,598

DEPRECIATION

At 1 March 2024

2,372

178,696

2,206

3,030

186,304

Charge for year

-

2,875

1,298

834

5,007

At 28 February 2025

2,372

181,571

3,504

3,864

191,311

NET BOOK VALUE

At 28 February 2025

-

25,320

7,356

611

33,287

At 29 February 2024

-

28,005

8,654

975

37,634

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

96,121

67,574

Amounts owed by group undertakings

105,965

186,751

Other debtors

15,165

9,580

Tax

10,925

10,926

Prepayments

-

420

228,176

275,251

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 8)

-

1,778

Trade creditors

111,872

129,317

Amounts owed to group undertakings

94,357

156,906

Social security and other taxes

4,549

5,412

Other creditors

31,184

1,444

Accrued expenses

4,932

8,248

246,894

303,105

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

-

1,778

Non-cancellable

operating leases

2025

2024

£

£

Within one year

1,417

17,000

Between one and five years

-

1,417

1,417

18,417

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

-

1,778

Assets under finance are secured on the asset to which it relates.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

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

The Report of the Auditors was unqualified.

Ashwani Rishiraj BA FCA (Senior Statutory Auditor)

for and on behalf of Luckmans Duckett Parker Limited

12.	PARENT COMPANY

The parent Company is Wellbeing (United Kingdom) Limited.