Caseware UK (AP4) 2023.0.135 2023.0.135 2023-06-302023-06-30truefalse2022-07-01Fashion trend forecasting and consultancy69falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04412983 2022-07-01 2023-06-30 04412983 2021-07-01 2022-06-30 04412983 2023-06-30 04412983 2022-06-30 04412983 c:Director1 2022-07-01 2023-06-30 04412983 d:OfficeEquipment 2022-07-01 2023-06-30 04412983 d:OfficeEquipment 2023-06-30 04412983 d:OfficeEquipment 2022-06-30 04412983 d:CurrentFinancialInstruments 2023-06-30 04412983 d:CurrentFinancialInstruments 2022-06-30 04412983 d:Non-currentFinancialInstruments 2023-06-30 04412983 d:Non-currentFinancialInstruments 2022-06-30 04412983 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 04412983 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 04412983 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 04412983 d:Non-currentFinancialInstruments d:AfterOneYear 2022-06-30 04412983 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-06-30 04412983 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-06-30 04412983 d:ShareCapital 2023-06-30 04412983 d:ShareCapital 2022-06-30 04412983 d:SharePremium 2023-06-30 04412983 d:SharePremium 2022-06-30 04412983 d:RetainedEarningsAccumulatedLosses 2023-06-30 04412983 d:RetainedEarningsAccumulatedLosses 2022-06-30 04412983 c:FRS102 2022-07-01 2023-06-30 04412983 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 04412983 c:FullAccounts 2022-07-01 2023-06-30 04412983 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure

Registered number: 04412983









TRENDSTOP LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2023

 
TRENDSTOP LIMITED
REGISTERED NUMBER: 04412983

BALANCE SHEET
AS AT 30 JUNE 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 6 
82,340
91,035

Cash at bank and in hand
  
9,944
26,298

  
92,284
117,333

Creditors: amounts falling due within one year
 7 
(4,020,838)
(4,078,294)

Net current liabilities
  
 
 
(3,928,554)
 
 
(3,960,961)

Total assets less current liabilities
  
(3,928,554)
(3,960,961)

Creditors: amounts falling due after more than one year
 8 
(25,000)
(35,000)

  

Net liabilities
  
(3,953,554)
(3,995,961)


Capital and reserves
  

Called up share capital 
  
1
1

Share premium account
  
249,999
249,999

Profit and loss account
  
(4,203,554)
(4,245,961)

  
(3,953,554)
(3,995,961)


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

Page 1

 
TRENDSTOP LIMITED
REGISTERED NUMBER: 04412983
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2023

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 1 August 2023.




Jaana Jatyri
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
TRENDSTOP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

Trendstop Limited is a private company limited by share capital, incorporated in England and Wales, registration number 04412983. The address of the registered office is 30 Orange Street, London, WC2H 7HF.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable for services provided in the accounting period.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
25% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 3

 
TRENDSTOP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income including profit and loss account.
Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.9

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 4

 
TRENDSTOP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.10

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.11

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.12

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


3.


Employees

The average monthly number of employees, including directors, during the year was 6 (2022 - 9).


4.


Taxation


2023
2022
£
£




Total current tax
-
-

Factors affecting tax charge for the year

There were no factors that affected the tax charge for the year which has been calculated on the profits on ordinary activities before tax at the standard rate of corporation tax in the UK of 20.5% (2022 -19%).



Factors that may affect future tax charges

The company has unutilised tax losses of £4,224,563 (2022 - £4,266,967) resulting in a deferred tax asset of £1,056,141 (2022 - £810,724) which has not been recognised in these financial statements.

Page 5

 
TRENDSTOP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

5.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 July 2022
734



At 30 June 2023

734



Depreciation


At 1 July 2022
734



At 30 June 2023

734



Net book value



At 30 June 2023
-



At 30 June 2022
-


6.


Debtors

2023
2022
£
£


Trade debtors
79,487
82,388

Prepayments and accrued income
2,853
8,647

82,340
91,035


Page 6

 
TRENDSTOP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
6,030
8,906

Bank loan
10,000
10,000

Other taxation and social security
44,954
50,129

Other creditors
3,803,294
3,770,982

Accruals and deferred income
156,560
238,277

4,020,838
4,078,294


A coronavirus bounce back loan of £50,000 was taken out during the previous year which was interest free for the first 12 months followed by interest at the rate of 2.5% per annum from 17th December 2021. The amount repayable after 12 months is shown within creditors falling due after more than one year. 


8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loan
25,000
35,000

25,000
35,000


Page 7

 
TRENDSTOP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loan
10,000
10,000


10,000
10,000


Amounts falling due 2-5 years

Bank loan
25,000
35,000


25,000
35,000


35,000
45,000



10.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £6,502 (2022 - £7,160). 

 
Page 8