Company Registration No. 07733834 (England and Wales)
Trident Merchandising Limited
Unaudited accounts
for the year ended 31 July 2023
Trident Merchandising Limited
Unaudited accounts
Contents
Trident Merchandising Limited
Company Information
for the year ended 31 July 2023
Company Number
07733834 (England and Wales)
Registered Office
314 Tanner Business Centre
Waterside
Greenfield, Oldham
OL3 7NH
Accountants
Whyatt Accountancy
Stockport Business & Innovation Centre
Broadstone Mill, Broadstone Road
Stockport
Cheshire
SK5 7DL
Trident Merchandising Limited
Statement of financial position
as at 31 July 2023
Tangible assets
10,726
13,698
Cash at bank and in hand
1,679
920
Creditors: amounts falling due within one year
(29,482)
(25,766)
Net current liabilities
(3,222)
(16,210)
Total assets less current liabilities
7,504
(2,512)
Creditors: amounts falling due after more than one year
(38,020)
(41,300)
Provisions for liabilities
Deferred tax
(2,038)
(2,603)
Net liabilities
(32,554)
(46,415)
Called up share capital
6
6
Profit and loss account
(32,560)
(46,421)
Shareholders' funds
(32,554)
(46,415)
For the year ending 31 July 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 director acknowledges his 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 and authorised for issue on 24 April 2024 and were signed on its behalf by
Andrew Beeley
Director
Company Registration No. 07733834
Trident Merchandising Limited
Notes to the Accounts
for the year ended 31 July 2023
Trident Merchandising Limited is a private company, limited by shares, registered in England and Wales, registration number 07733834. The registered office is 314 Tanner Business Centre, Waterside, Greenfield, Oldham, OL3 7NH.
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.
The accounts have been prepared under the historical cost convention and the going concern basis.
The accounts are presented in £ sterling.
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.
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
over 5 years (straight line basis)
Fixtures & fittings
over 3-5 years (straight line basis)
Computer equipment
over 3 years (straight line basis)
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition.
Trident Merchandising Limited
Notes to the Accounts
for the year ended 31 July 2023
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 August 2022
14,876
1,148
1,548
17,572
At 31 July 2023
15,635
1,148
1,548
18,331
At 1 August 2022
3,291
45
538
3,874
Charge for the year
2,969
246
516
3,731
At 31 July 2023
6,260
291
1,054
7,605
At 31 July 2023
9,375
857
494
10,726
At 31 July 2022
11,585
1,103
1,010
13,698
Amounts falling due within one year
Accrued income and prepayments
-
390
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
3,368
-
Obligations under finance leases and hire purchase contracts
-
1,112
Trade creditors
8,997
8,703
Taxes and social security
1,544
1,358
Other creditors
14,460
14,233
7
Creditors: amounts falling due after more than one year
2023
2022
Aggregate of amounts that fall due for payment after five years
11,946
18,236
No security has been given for the total bank loan payable of £41,388 at 31 July 2023 (2022: none).
Trident Merchandising Limited
Notes to the Accounts
for the year ended 31 July 2023
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loans to directors included in 'Other debtors' (note 5)
1,013
7,988
4,388
4,613
No amounts have been waived or written off in the year. The maximum amount outstanding during the year was £9,001 (2022: £5,738).
9
Average number of employees
During the year the average number of employees was 3 (2022: 2).