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Trademark Products Ltd
Registered Number:04426068
For the year ended 31 December 2022
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2022
Trademark Products Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
04426068
As at 31 December 2022
Trademark Products Ltd
Statement of Financial Position
£
£
2021
2022
Notes
Fixed assets
Property, plant and equipment
2,591
3,570
2
2,591
3,570
Current assets
Inventories
321,420
288,144
3
Trade and other receivables
486,561
541,074
4
10,739
Cash and cash equivalents
11,197
840,415
818,720
Trade and other payables: amounts falling due within one year
(449,077)
(795,542)
5
369,643
44,873
Net current assets
Total assets less current liabilities
47,464
373,213
Trade and other payables: amounts falling due after more than one
year
(193,345)
(151,363)
6
(103,899)
Net assets/liabilities
179,868
Capital and reserves
Called up share capital
1,000
1,000
Retained earnings
(104,899)
178,868
(103,899)
179,868
Shareholders' funds
For the year ended 31 December 2022 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each
financial year and of its profit or loss for each financial year in accordance with the requirements of Section 394 and 395 and
which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable
to the company.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Alan Crux Director
Dominic Crux Director
These financial statements were approved and authorised for issue by the Board on 10 October 2023 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 December 2022
Trademark Products Ltd
Notes to the Financial Statements
Statutory Information
Trademark Products Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number
04426068.
Registered address:
Birchwood Farm
Woldingham Road
Woldingham
Surrey
CR3 7LR
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard
102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The
financial statements have been prepared under the historical costs convention.
The financial statements have also been prepared on a going concern basis. The company's ongoing activities are dependent
upon the continued support of the company banker and directors who has undertaken to provide such support for the foreseeable
future.
If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their
recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long
term liabilities as current liabilities.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Tangible fixed assets are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
33.33% Reducing balance
Computer equipment
25% Reducing balance
Motor vehicle
20% to 25% Reducing balance
Fixtures, fittings and equipt.
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
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5
For the year ended 31 December 2022
Trademark Products Ltd
Notes to the Financial Statements Continued
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
2. Property, plant and equipment
Total
Computer
equipment
Fixtures, fittings
and equipt.
£
£
£
Cost or valuation
At 01 January 2022
68,304
42,649
25,655
At 31 December 2022
25,655
42,649
68,304
Provision for depreciation and impairment
At 01 January 2022
64,734
41,094
23,640
Charge for year
979
519
460
At 31 December 2022
65,713
41,613
24,100
At 31 December 2022
Net book value
1,555
1,036
2,591
At 31 December 2021
2,015
1,555
3,570
3. Inventories
2021
2022
£
£
Stocks
288,144
321,420
4. Trade and other receivables
2021
2022
£
£
Trade debtors
160,913
360,420
Other debtors
380,161
126,141
486,561
541,074
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6
For the year ended 31 December 2022
Trademark Products Ltd
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2021
2022
£
£
Bank loans and overdraft
207,122
103,532
Trade creditors
521,506
287,587
Taxation and social security
11,195
3,890
Other creditors
55,719
54,068
795,542
449,077
6. Trade and other payables: amounts falling due after more than one year
2021
2022
£
£
Bank loans and overdraft
151,363
193,345
7. Related party transactions
Mr Dominic Crux is a director of Beyond Merchandise Ltd and has a material shareholding in that company.
Mr Alan Crux is a director and shareholder of Indigo Licensing Limited.
Mr Philip John King was a director of Birchwood Venison Limited and has a material shareholding in that company.
At the year end, the company owed £3,463 (2021 : £3,463) to its related company, Indigo Licensing Limited.
At the year end, the company was owed £1,628 (2021 : £118) from Birchwood Venison Limited.
During the year, rent and service charges of £1,000 (2021 : £783) was receivable from Beyond Merchandise Ltd.
At 31st December 2022, the company is controlled by the directors of Trademark Products Ltd and Indigo Licensing Limited, by
virtue of the directors combined shareholdings in these respective companies.
The directors' benefial interests in these companies are shown in its financial statements.
8. Average number of persons employed
During the year the average number of employees was 7 (2021 : 7)
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