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
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
Tramps (U.K.) Limited
Statement of financial position
as at 30 June 2023
Tangible assets
12,707
14,624
Inventories
345,750
323,820
Cash at bank and in hand
131,685
66,826
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
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
Tramps (U.K.) Limited
Notes to the Accounts
for the year ended 30 June 2023
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.
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 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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
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.
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
At 30 June 2023
22,682
17,000
458
40,140
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
At 30 June 2023
10,033
2,674
-
12,707
At 30 June 2022
11,059
3,565
-
14,624
Amounts falling due within one year
Trade debtors
25,527
3,615
Accrued income and prepayments
10,390
6,552
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
6,216
4,001
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
8
Average number of employees
During the year the average number of employees was 5 (2022: 5).