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REGISTERED NUMBER: 06856312 (England and Wales)















Financial Statements for the Year Ended 31 May 2023

for

Trafalgar Business Interiors Limited

Trafalgar Business Interiors Limited (Registered number: 06856312)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Trafalgar Business Interiors Limited

Company Information
for the Year Ended 31 May 2023







DIRECTOR: P Seabrook





REGISTERED OFFICE: 110 Whitchurch Road
Cardiff
CF14 3LY





REGISTERED NUMBER: 06856312 (England and Wales)





ACCOUNTANTS: DHB Accountants Limited
Chartered Accountants
Statutory Auditors
110 Whitchurch Road
Cardiff
CF14 3LY

Trafalgar Business Interiors Limited (Registered number: 06856312)

Balance Sheet
31 May 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 6 106,515 125,922

CREDITORS
Amounts falling due within one year 7 113,322 136,230
NET CURRENT LIABILITIES (6,807 ) (10,308 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(6,807

)

(10,308

)

CREDITORS
Amounts falling due after more than one
year

8

3,096

5,766
NET LIABILITIES (9,903 ) (16,074 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (9,904 ) (16,075 )
SHAREHOLDERS' FUNDS (9,903 ) (16,074 )

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

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

The director acknowledges his 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.

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 director and authorised for issue on 20 October 2023 and were signed by:



P Seabrook - Director


Trafalgar Business Interiors Limited (Registered number: 06856312)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Trafalgar Business Interiors 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.

The accounts which show an excess of liabilities over assets have been prepared on a going concern basis and make no adjustment for any reduction in value of assets or additional costs that might arise if the going concern basis is deemed inappropriate.

The director is of the view that future trading generates resource that with the support of its creditors the company will be able to meet its obligations as they fall due. On this basis the director considers the going concern concept appropriate.

This is the first year of adoption of FRS102. There were no transitional adjustments required as a result of the adoption.

The financial statements are presented in pounds sterling.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 20% on cost

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.


Trafalgar Business Interiors Limited (Registered number: 06856312)

Notes to the Financial Statements - continued
for the Year Ended 31 May 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2022
and 31 May 2023 18,000
AMORTISATION
At 1 June 2022
and 31 May 2023 18,000
NET BOOK VALUE
At 31 May 2023 -
At 31 May 2022 -

Trafalgar Business Interiors Limited (Registered number: 06856312)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2022
and 31 May 2023 39,790
DEPRECIATION
At 1 June 2022
and 31 May 2023 39,790
NET BOOK VALUE
At 31 May 2023 -

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 June 2022
and 31 May 2023 37,000
DEPRECIATION
At 1 June 2022
and 31 May 2023 37,000
NET BOOK VALUE
At 31 May 2023 -
At 31 May 2022 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 72,042 93,450
Other debtors 34,473 32,472
106,515 125,922

Trafalgar Business Interiors Limited (Registered number: 06856312)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 17,282 13,909
Hire purchase contracts 493 9,250
Trade creditors 54,690 50,577
Taxation and social security 16,830 11,388
Other creditors 24,027 51,106
113,322 136,230

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 3,096 5,273
Hire purchase contracts - 493
3,096 5,766