Registered number
08374936
Trophies and Awards UK Ltd
Report and Accounts
31 January 2024
Trophies and Awards UK Ltd
Report to the director on the preparation of the unaudited statutory accounts of Trophies and Awards UK Ltd for the year ended 31 January 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Trophies and Awards UK Ltd for the year ended 31 January 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.
Coalesco Accountants Limited
Chartered Certified Accountants
156 Russell Drive
Wollaton
Nottingham
NG8 2BE
19 March 2024
Trophies and Awards UK Ltd
Registered number: 08374936
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 8,228 10,971
Current assets
Stocks 9,000 12,000
Debtors 3 11,871 10,109
Cash at bank and in hand 40,415 34,252
61,286 56,361
Creditors: amounts falling due within one year 4 (20,225) (16,704)
Net current assets 41,061 39,657
Total assets less current liabilities 49,289 50,628
Creditors: amounts falling due after more than one year 5 (13,050) (18,671)
Net assets 36,239 31,957
Capital and reserves
Called up share capital 1 1
Profit and loss account 36,238 31,956
Shareholder's funds 36,239 31,957
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P G Jackson
Director
Approved by the board on 19 March 2024
Trophies and Awards UK Ltd
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 4 years
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Debtors 2024 2023
£ £
Trade debtors 11,871 10,109
11,871 10,109
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 8,157 8,102
Corporation tax 1,648 2,074
Other taxes and social security costs 3,686 361
Other creditors 6,734 6,167
20,225 16,704
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 13,050 18,671
6 Other information
Trophies and Awards UK Ltd is a private company limited by shares and incorporated in England. Its registered office is:
29 Wingbourne Walk
Bulwell
Nottingham
Nottinghamshire
NG6 8DT
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