Registered Number:04426068 |
For the year ended 31 December 2022
England and Wales
Unaudited Financial Statements
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
Trademark Products Ltd
Statement of Financial Position
2021
2022
Property, plant and equipment |
2,591
3,570
2
2,591
3,570
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
1,000
1,000
(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. |
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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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. |
Birchwood Farm
Woldingham Road
Woldingham
Surrey
CR3 7LR
The presentation currency is £ sterling. |
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: |
Computer equipment
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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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 |
Fixtures, fittings |
and equipt. |
68,304
42,649
25,655
25,655
42,649
68,304
Provision for depreciation and impairment |
64,734
41,094
23,640
Charge for year
979
519
460
65,713
41,613
24,100
1,555
1,036
2,591
2,015
1,555
3,570
2021
2022
288,144
321,420
4. Trade and other receivables |
2021
2022
160,913
360,420
380,161
126,141
486,561
541,074
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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
207,122
103,532
521,506
287,587
Taxation and social security |
11,195
3,890
55,719
54,068
795,542
449,077
6. Trade and other payables: amounts falling due after more than one year |
2021
2022
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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