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Company Registration No. 07543632 (England and Wales)
Trafalgar Marquees Ltd Unaudited accounts for the year ended 31 July 2023
Trafalgar Marquees Ltd Unaudited accounts Contents
Page
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Trafalgar Marquees Ltd Company Information for the year ended 31 July 2023
Director
J Morris
Company Number
07543632 (England and Wales)
Registered Office
60 Windsor Avenue London SW19 2RR
Accountants
Switchfoot Accounting Limited 147 Frimley Road Camberley Surrey GU15 2PS
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Trafalgar Marquees Ltd Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
208,613 
234,378 
Current assets
Debtors
113,385 
61,050 
Cash at bank and in hand
15,109 
31,801 
128,494 
92,851 
Creditors: amounts falling due within one year
(385,887)
(334,669)
Net current liabilities
(257,393)
(241,818)
Total assets less current liabilities
(48,780)
(7,440)
Creditors: amounts falling due after more than one year
(37,993)
(52,655)
Net liabilities
(86,773)
(60,095)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(86,774)
(60,096)
Shareholders' funds
(86,773)
(60,095)
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 15 April 2024 and were signed on its behalf by
J Morris Director Company Registration No. 07543632
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Trafalgar Marquees Ltd Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
Trafalgar Marquees Ltd is a private company, limited by shares, registered in England and Wales, registration number 07543632. The registered office is 60 Windsor Avenue, London, SW19 2RR.
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.
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.
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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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
From 5% to 33% on cost
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Trafalgar Marquees Ltd Notes to the Accounts for the year ended 31 July 2023
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 August 2022
492,775 
28,245 
21,077 
542,097 
Additions
18,192 
- 
2,984 
21,176 
At 31 July 2023
510,967 
28,245 
24,061 
563,273 
Depreciation
At 1 August 2022
273,202 
22,317 
12,200 
307,719 
Charge for the year
39,718 
1,482 
5,741 
46,941 
At 31 July 2023
312,920 
23,799 
17,941 
354,660 
Net book value
At 31 July 2023
198,047 
4,446 
6,120 
208,613 
At 31 July 2022
219,573 
5,928 
8,877 
234,378 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
21,008 
12,115 
Accrued income and prepayments
20,053 
20,474 
Other debtors
72,324 
28,461 
113,385 
61,050 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
31,782 
15,514 
VAT
121,912 
110,227 
Trade creditors
95,266 
83,663 
Taxes and social security
88,165 
84,373 
Other creditors
32,660 
36,908 
Deferred income
16,102 
3,984 
385,887 
334,669 
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Trafalgar Marquees Ltd Notes to the Accounts for the year ended 31 July 2023
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
37,993 
52,655 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
23,661 
30,618 
- 
54,279 
23,661 
30,618 
- 
54,279 
Loans to the director are unsecured and repayable on demand and subject to interest at the HMRC official rate.
9
Average number of employees
During the year the average number of employees was 10 (2022: 10).
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