Trunk2tale.com Limited Filleted Accounts Cover
Trunk2tale.com Limited
Company No. 13688867
Information for Filing with The Registrar
31 December 2023
Trunk2tale.com Limited Balance Sheet Registrar
at
31 December 2023
Company No.
13688867
Notes
2023
2022
£
£
Fixed assets
Intangible assets
4
17,68321,220
17,68321,220
Current assets
Cash at bank and in hand
41598
41598
Creditors: Amount falling due within one year
(25,342)
(23,237)
Net current liabilities
(25,301)
(22,639)
Total assets less current liabilities
(7,618)
(1,419)
Net liabilities
(7,618)
(1,419)
Capital and reserves
Called up share capital
100100
Profit and loss account
6
(7,718)
(1,519)
Total equity
(7,618)
(1,419)
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 December 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
All the members have consented to the preparation of abridged financial statements for the year ended 31 December 2023 in accordance with the Companies Act 2006.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 12 September 2024 and signed on its behalf by:
Professor J. Levesley
B. M. Flanagan
Director
Director
12 September 2024
12 September 2024
Trunk2tale.com Limited Notes to the Accounts Registrar
for the year ended 31 December 2023
1
General information
Trunk2tale.com Limited is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 13688867
Its registered office is:
Flat 2, 43 Dovecote Lane
Beeston
Nottingham
NG9 1HR
The abridged accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006, including the provisions permitting an abridged profit and loss account and balance sheet to be prepared.
2
Accounting policies
Going concern
The directors conclude there are no material uncertainties that cast significant doubt about the company’s ability to continue as a going concern.
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Intangible fixed assets
Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.
Research and development costs
Expenditure on research and development is written off in the year it is incurred unless it meets the criteria to allow it to be capitalised. Costs of research are always written off in the year in which they are incurred. Where development costs are recognised as an asset, they are amortised over the period expected to benefit from them. Amortisation of the capitalised costs begins once the developed product comes into use, typically at rate of 20% straight line.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3
Employees
2023
2022
Number
Number
The average monthly number of employees (including directors) during the year was:
00
4
Intangible fixed assets
Total
£
Cost
At 1 January 2023
21,220
At 31 December 2023
21,220
Amortisation and impairment
Charge for the year
3,537
At 31 December 2023
3,537
Net book values
At 31 December 2023
17,683
At 31 December 2022
21,220
Software development: Direct costs are capitalised as incurred. Amortisation is charged on a straight line basis over 60 months from the date of the software being brought into use.
5
Share Capital
The company has share capital of £100, comprising of 100 ordinary shares of £1. Each share has full rights in the company with respect to voting, dividends and distributions.
6
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
7
Related party disclosures
Transactions with related parties
The company has received loans from the directors of £25,342 (2022 £23,237), repayable on demand, and without interest.
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