Registered number
04115184
Trafalgar Foods Ltd
Unaudited Filleted Accounts and Notes
For the year ended
31 December 2022
Trafalgar Foods Ltd
Registered number: 04115184
Balance Sheet
as at 31 December 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 3 2,721 5,049
Current assets
Debtors 4 69,357 24,779
Cash at bank and in hand 328,965 548,926
398,322 573,705
Creditors: amounts falling due within one year 5 (291,922) (428,171)
Net current assets 106,400 145,534
Total assets less current liabilities 109,121 150,583
Creditors: amounts falling due after more than one year 6 (42,280) (49,308)
Net assets 66,841 101,275
Capital and reserves
Called up share capital 1 1
Share premium 15,000 15,000
Profit and loss account 51,840 86,274
Shareholder's funds 66,841 101,275
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P S Kapoor
Director
Approved by the board on 28 September 2023
Trafalgar Foods Ltd
Notes to the Accounts
for the year ended 31 December 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 4 3
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2022 17,855
At 31 December 2022 17,855
Depreciation
At 1 January 2022 12,806
Charge for the year 2,328
At 31 December 2022 15,134
Net book value
At 31 December 2022 2,721
At 31 December 2021 5,049
4 Debtors 2022 2021
£ £
Trade debtors 64,857 52,295
Amounts owed by group undertakings and undertakings in which the company has a participating interest - 17,606
Other debtors 4,500 (45,122)
69,357 24,779
5 Creditors: amounts falling due within one year 2022 2021
£ £
Trade creditors 235,533 412,160
Amounts owed to group undertakings and undertakings in which the company has a participating interest 2,733 -
Taxation and social security costs (3,498) 18,300
Other creditors 57,154 (2,289)
291,922 428,171
6 Creditors: amounts falling due after one year 2022 2021
£ £
Bank loans - -
7 Controlling party
The company is 100% owned and controlled by the director and shareholder Mr Preet Kapoor.
8 Other information
Trafalgar Foods Ltd is a private company limited by shares and incorporated in England. Its registered office is:
4 Laurel Park
Harrow
HA3 6AU
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