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REGISTERED NUMBER: 07667825 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

TRENDY FOODS LTD

TRENDY FOODS LTD (REGISTERED NUMBER: 07667825)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 JULY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TRENDY FOODS LTD

Company Information
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: Mr Ahmet Temeltas
Mr Ismail Erdogan





REGISTERED OFFICE: 293 Green Lanes
Palmers Green
London
N13 4XS





REGISTERED NUMBER: 07667825 (England and Wales)





ACCOUNTANTS: ADPL LLP
293 Green Lanes
London
N13 4XS

TRENDY FOODS LTD (REGISTERED NUMBER: 07667825)

Balance Sheet
31 JULY 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 280,839 318,244

CURRENT ASSETS
Stocks 112,080 98,973
Debtors 5 751,298 706,766
Cash at bank and in hand 89,392 180,275
952,770 986,014
CREDITORS
Amounts falling due within one year 6 675,080 729,297
NET CURRENT ASSETS 277,690 256,717
TOTAL ASSETS LESS CURRENT
LIABILITIES

558,529

574,961

CREDITORS
Amounts falling due after more than one
year

7

(28,333

)

(138,099

)

PROVISIONS FOR LIABILITIES 8 (53,359 ) (60,033 )
NET ASSETS 476,837 376,829

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 475,837 375,829
SHAREHOLDERS' FUNDS 476,837 376,829

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

TRENDY FOODS LTD (REGISTERED NUMBER: 07667825)

Balance Sheet - continued
31 JULY 2023


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 Profit & Loss Account has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 10 October 2023 and were signed on its behalf by:





Mr Ahmet Temeltas - Director


TRENDY FOODS LTD (REGISTERED NUMBER: 07667825)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 JULY 2023


1. STATUTORY INFORMATION

Trendy Foods Ltd 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.

The accounts are prepared on a going concern basis, the use of the going concern basis of accounting is appropriate because there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

In carrying out this assessment, the directors have considered the impact of the Covid-19 pandemic on the trade and finances of the company and wider group and they have taken steps to protect liquidity.

The directors are therefore satisfied that there is no significant risk to the ability of the company to continue as a going concern for at least 12 months from the date of approval of these financial statements.

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.
Short leasehold - in accordance with the property
Improvements to property - 10% on cost
Plant and machinery - 10% on cost
Fixtures and fittings - 10% on cost
Motor vehicles - 10% on cost
Computer equipment - 10% 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 Profit & Loss Account, 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.


TRENDY FOODS LTD (REGISTERED NUMBER: 07667825)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JULY 2023


2. ACCOUNTING POLICIES - continued
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 18 (2022 - 19 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Short to Plant and
leasehold property machinery
£    £    £   
COST
At 1 August 2022 30,750 60,689 182,968
Additions - 12,470 4,565
Disposals (30,750 ) (44,189 ) (50,255 )
At 31 July 2023 - 28,970 137,278
DEPRECIATION
At 1 August 2022 28,468 26,899 40,207
Charge for year - 2,732 12,400
Eliminated on disposal (28,468 ) (25,249 ) (26,935 )
At 31 July 2023 - 4,382 25,672
NET BOOK VALUE
At 31 July 2023 - 24,588 111,606
At 31 July 2022 2,282 33,790 142,761

TRENDY FOODS LTD (REGISTERED NUMBER: 07667825)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JULY 2023


4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2022 78,060 98,509 6,280 457,256
Additions 13,671 18,250 1,091 50,047
Disposals (23,320 ) - - (148,514 )
At 31 July 2023 68,411 116,759 7,371 358,789
DEPRECIATION
At 1 August 2022 16,160 25,221 2,057 139,012
Charge for year 6,387 9,154 532 31,205
Eliminated on disposal (11,615 ) - - (92,267 )
At 31 July 2023 10,932 34,375 2,589 77,950
NET BOOK VALUE
At 31 July 2023 57,479 82,384 4,782 280,839
At 31 July 2022 61,900 73,288 4,223 318,244

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 360,382 307,219
Other debtors 390,916 399,547
751,298 706,766

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Hire purchase contracts - 5,111
Trade creditors 630,626 639,618
Taxation and social security 29,454 34,756
Other creditors 15,000 49,812
675,080 729,297

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans 28,333 38,099
Other creditors - 100,000
28,333 138,099

TRENDY FOODS LTD (REGISTERED NUMBER: 07667825)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JULY 2023


8. PROVISIONS FOR LIABILITIES
31.7.23 31.7.22
£    £   
Deferred tax 53,359 60,033

Deferred
tax
£   
Balance at 1 August 2022 60,033
Credit to Profit & Loss Account during year (6,674 )
Balance at 31 July 2023 53,359