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Company Registration No. 03039644 (England and Wales)
Tramps (U.K.) Limited Unaudited accounts for the year ended 30 June 2023
Tramps (U.K.) Limited Unaudited accounts Contents
Page
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Tramps (U.K.) Limited Company Information for the year ended 30 June 2023
Directors
Peter John Smith Nicholas Andrew Mcgrath
Company Number
03039644 (England and Wales)
Registered Office
8 Market Place Tuxford Newark Notts NG22 0LL
Accountants
Ratiobox Limited 17-19 Sawmills Road Diss IP22 4GG
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Tramps (U.K.) Limited Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
12,707 
14,624 
Current assets
Inventories
345,750 
323,820 
Debtors
35,917 
12,955 
Cash at bank and in hand
131,685 
66,826 
513,352 
403,601 
Creditors: amounts falling due within one year
(64,062)
(23,142)
Net current assets
449,290 
380,459 
Total assets less current liabilities
461,997 
395,083 
Creditors: amounts falling due after more than one year
(277,906)
(233,245)
Net assets
184,091 
161,838 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
183,991 
161,738 
Shareholders' funds
184,091 
161,838 
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts 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 FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 4 March 2024 and were signed on its behalf by
Peter John Smith Director Company Registration No. 03039644
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Tramps (U.K.) Limited Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
Tramps (U.K.) Limited is a private company, limited by shares, registered in England and Wales, registration number 03039644. The registered office is 8 Market Place, Tuxford, Newark, Notts, NG22 0LL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15
Motor vehicles
25
Fixtures & fittings
15
Computer equipment
50
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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Tramps (U.K.) Limited Notes to the Accounts for the year ended 30 June 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 July 2022
21,937 
17,000 
458 
39,395 
Additions
745 
- 
- 
745 
At 30 June 2023
22,682 
17,000 
458 
40,140 
Depreciation
At 1 July 2022
10,878 
13,435 
458 
24,771 
Charge for the year
1,771 
891 
- 
2,662 
At 30 June 2023
12,649 
14,326 
458 
27,433 
Net book value
At 30 June 2023
10,033 
2,674 
- 
12,707 
At 30 June 2022
11,059 
3,565 
- 
14,624 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
25,527 
3,615 
Accrued income and prepayments
10,390 
6,552 
Other debtors
- 
2,788 
35,917 
12,955 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
31,898 
17,557 
Trade creditors
21,825 
- 
Taxes and social security
6,216 
4,001 
Other creditors
3,173 
634 
Accruals
950 
950 
64,062 
23,142 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
115,588 
100,415 
Loans from directors
162,318 
132,830 
277,906 
233,245 
8
Average number of employees
During the year the average number of employees was 5 (2022: 5).
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