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Registered Number: 05377515
England and Wales

 

 

 


Unaudited Financial Statements

for the year ended 31 December 2023

for

TRUSTIN FOODS UK LIMITED

Directors Konstantin Lebens
Martin Wathes
Registered Number 05377515
Registered Office Witney Business Centre
Windrush Industrial Park
Witney
Oxfordshire
OX29 7DX
Accountants Strata Accountants Limited
Milton Park Innovation Centre
99 Park Drive
Abingdon
OX14 4RY
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 3,619   
3,619   
Current assets      
Stocks 4 126,350    98,543 
Debtors 5 225,866    182,714 
Cash at bank and in hand 64,782    113,210 
416,998    394,467 
Creditors: amount falling due within one year 6 (259,847)   (267,027)
Net current assets 157,151    127,440 
 
Total assets less current liabilities 160,770    127,440 
Creditors: amount falling due after more than one year 7 (7,476)   (12,421)
Net assets 153,294    115,019 
 

Capital and reserves
     
Called up share capital 8 100    100 
Profit and loss account 153,194    114,919 
Shareholder's funds 153,294    115,019 
 


For the year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 17 January 2024 and were signed on its behalf by:


-------------------------------
Martin Wathes
Director
2
General Information
Trustin Foods UK Limited is a private company, limited by shares, registered in England and Wales, registration number 05377515, registration address Witney Business Centre, Windrush Industrial Park, Witney, Oxfordshire, OX29 7DX.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position 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.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, 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:
Fixtures and Fittings 33 % Straight Line
Computer Equipment 25% Straight Line
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 4 (2022 : 4).
3.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Computer Equipment   Total
  £   £   £
At 01 January 2023 5,000      5,000 
Additions   3,696    3,696 
Disposals    
At 31 December 2023 5,000    3,696    8,696 
Depreciation
At 01 January 2023 5,000      5,000 
Charge for year   77    77 
On disposals    
At 31 December 2023 5,000    77    5,077 
Net book values
Closing balance as at 31 December 2023   3,619    3,619 
Opening balance as at 01 January 2023    


4.

Stocks

2023
£
  2022
£
Stocks 126,350    98,543 
126,350    98,543 

5.

Debtors: amounts falling due within one year

2023
£
  2022
£
Trade Debtors 213,611    176,472 
Other Debtors 2,712    1,230 
Corporation Tax   60 
Directors' Current Accounts 100    4,952 
VAT 9,443   
225,866    182,714 

6.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 238,590    243,218 
Bank Loans 5,000    5,000 
Corporation Tax 8,069   
PAYE & Social Security 5,338    4,578 
Accrued Expenses 2,850    2,850 
VAT   11,381 
259,847    267,027 

7.

Creditors: amount falling due after more than one year

2023
£
  2022
£
Bank loan 7,476    12,421 
7,476    12,421 

8.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
100 Ordinary shares of £1.00 each 100    100 
100    100 

3