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REGISTERED NUMBER: 05396392 (England and Wales)










Unaudited Financial Statements for the Year Ended 31 May 2023

for

Victor Trophies Limited

Victor Trophies Limited (Registered number: 05396392)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Victor Trophies Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: Debra Shirley Northfield
David Frederick Northfield





REGISTERED OFFICE: Unit 7 Falcon Park
Luckyn Lane
Basildon
United Kingdom
SS14 3AL





REGISTERED NUMBER: 05396392 (England and Wales)





ACCOUNTANTS: Robert Lewis Accountants
4 Capricorn Centre
Cranes Farm Road
Basildon
Essex
SS14 3JJ

Victor Trophies Limited (Registered number: 05396392)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,576 22,160

CURRENT ASSETS
Stocks 10,715 10,715
Debtors 5 29,305 20,933
Cash at bank and in hand 25,258 48,348
65,278 79,996
CREDITORS
Amounts falling due within one year 6 34,395 44,526
NET CURRENT ASSETS 30,883 35,470
TOTAL ASSETS LESS CURRENT
LIABILITIES

48,459

57,630

CREDITORS
Amounts falling due after more than one year 7 (20,092 ) (27,546 )

PROVISIONS FOR LIABILITIES (3,339 ) (4,210 )
NET ASSETS 25,028 25,874

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 25,026 25,872
SHAREHOLDERS' FUNDS 25,028 25,874

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 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.

Victor Trophies Limited (Registered number: 05396392)

Balance Sheet - continued
31 May 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 January 2024 and were signed on its behalf by:





Debra Shirley Northfield - Director


Victor Trophies Limited (Registered number: 05396392)

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

1. STATUTORY INFORMATION

Victor Trophies 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 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.

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 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.

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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Victor Trophies Limited (Registered number: 05396392)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2022 74,868
Additions 3,150
At 31 May 2023 78,018
DEPRECIATION
At 1 June 2022 52,708
Charge for year 7,734
At 31 May 2023 60,442
NET BOOK VALUE
At 31 May 2023 17,576
At 31 May 2022 22,160

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 25,925 17,553
Other debtors 3,380 3,380
29,305 20,933

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans and overdrafts 393 2,271
Trade creditors 3,342 3,341
Taxation and social security 3,763 10,553
Other creditors 26,897 28,361
34,395 44,526

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans 20,092 27,546