IRIS Accounts Production v23.3.1.45 07395115 Board of Directors 1.4.22 31.3.23 31.3.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure073951152022-03-31073951152023-03-31073951152022-04-012023-03-31073951152021-03-31073951152021-04-012022-03-31073951152022-03-3107395115ns16:EnglandWales2022-04-012023-03-3107395115ns15:PoundSterling2022-04-012023-03-3107395115ns11:Director12022-04-012023-03-3107395115ns11:PrivateLimitedCompanyLtd2022-04-012023-03-3107395115ns11:SmallEntities2022-04-012023-03-3107395115ns11:AuditExemptWithAccountantsReport2022-04-012023-03-3107395115ns11:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3107395115ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-3107395115ns11:FullAccounts2022-04-012023-03-310739511512022-04-012023-03-3107395115ns11:Director22022-04-012023-03-3107395115ns11:RegisteredOffice2022-04-012023-03-3107395115ns6:CurrentFinancialInstruments2023-03-3107395115ns6:CurrentFinancialInstruments2022-03-3107395115ns6:ShareCapital2023-03-3107395115ns6:ShareCapital2022-03-3107395115ns6:RetainedEarningsAccumulatedLosses2023-03-3107395115ns6:RetainedEarningsAccumulatedLosses2022-03-3107395115ns6:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3107395115ns6:PatentsTrademarksLicencesConcessionsSimilar2022-04-012023-03-3107395115ns6:PlantMachinery2022-04-012023-03-3107395115ns6:IntangibleAssetsOtherThanGoodwill2022-03-3107395115ns6:IntangibleAssetsOtherThanGoodwill2023-03-3107395115ns6:IntangibleAssetsOtherThanGoodwill2022-03-3107395115ns6:PlantMachinery2022-03-3107395115ns6:PlantMachinery2023-03-3107395115ns6:PlantMachinery2022-03-3107395115ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-3107395115ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-31
REGISTERED NUMBER: 07395115 (England and Wales)










TREVELYAN TRADING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






TREVELYAN TRADING LIMITED (REGISTERED NUMBER: 07395115)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 7

TREVELYAN TRADING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: L T Thomas
L L Yeste





REGISTERED OFFICE: 52 Forster Road
Guildford
Surrey
GU2 9AF





REGISTERED NUMBER: 07395115 (England and Wales)





ACCOUNTANTS: Bevan Buckland LLP
Ground Floor Cardigan House
Castle Court
Swansea Enterprise Park
Swansea
SA7 9LA

TREVELYAN TRADING LIMITED (REGISTERED NUMBER: 07395115)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 143,575 73,712
Tangible assets 5 1,255 2,174
144,830 75,886

CURRENT ASSETS
Debtors 6 7,516 1,759
Investments 7 120,000 120,000
Cash at bank 314,273 263,889
441,789 385,648
CREDITORS
Amounts falling due within one year 8 60,866 116,881
NET CURRENT ASSETS 380,923 268,767
TOTAL ASSETS LESS CURRENT
LIABILITIES

525,753

344,653

PROVISIONS FOR LIABILITIES 239 413
NET ASSETS 525,514 344,240

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 525,512 344,238
525,514 344,240

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 November 2023 and were signed on its behalf by:





L T Thomas - Director


TREVELYAN TRADING LIMITED (REGISTERED NUMBER: 07395115)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Trevelyan Trading 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.

Turnover
Turnover is measured at the fair value of consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover is recognised in full at the point of delivery due to the nature of the service.

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.

Patents and licences are being amortised evenly over their estimated useful life of twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

TREVELYAN TRADING LIMITED (REGISTERED NUMBER: 07395115)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

2. ACCOUNTING POLICIES - continued

Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Financial Instruments

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Other financial assets

Other financial assets, including investments in equity instruments, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

TREVELYAN TRADING LIMITED (REGISTERED NUMBER: 07395115)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2022 85,699
Additions 78,050
At 31 March 2023 163,749
AMORTISATION
At 1 April 2022 11,987
Charge for year 8,187
At 31 March 2023 20,174
NET BOOK VALUE
At 31 March 2023 143,575
At 31 March 2022 73,712

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 7,846
Additions 147
At 31 March 2023 7,993
DEPRECIATION
At 1 April 2022 5,672
Charge for year 1,066
At 31 March 2023 6,738
NET BOOK VALUE
At 31 March 2023 1,255
At 31 March 2022 2,174

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,753 -
Other debtors 5,763 1,759
7,516 1,759

7. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Investments 120,000 120,000

TREVELYAN TRADING LIMITED (REGISTERED NUMBER: 07395115)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 51,344 98,412
Other creditors 9,522 18,469
60,866 116,881

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end, there is an amount of £8,513 (2022: £16,852) owed to the directors, this is provided on terms that are interest-free and repayable on demand.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
TREVELYAN TRADING LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Trevelyan Trading Limited for the year ended 31 March 2023 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Trevelyan Trading Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Trevelyan Trading Limited and state those matters that we have agreed to state to the Board of Directors of Trevelyan Trading Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Trevelyan Trading Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Trevelyan Trading Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Trevelyan Trading Limited. You consider that Trevelyan Trading Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Trevelyan Trading Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Bevan Buckland LLP
Ground Floor Cardigan House
Castle Court
Swansea Enterprise Park
Swansea
SA7 9LA


2 November 2023