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REGISTERED NUMBER: 02662190 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

TROPHYMAN SUPPLIES LIMITED

TROPHYMAN SUPPLIES LIMITED (REGISTERED NUMBER: 02662190)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TROPHYMAN SUPPLIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr D E J Creeden
Mr C J Waddington
Mr P J Creeden





SECRETARY: Mr P J Creeden





REGISTERED OFFICE: 2-4 Kathleen Road
Sholing
Southampton
Hampshire
SO19 8EX





REGISTERED NUMBER: 02662190 (England and Wales)





ACCOUNTANTS: BK Plus Limited
Chartered Accountants
Murrills House
48 East Street
Portchester
Fareham
Hampshire
PO16 9XS

TROPHYMAN SUPPLIES LIMITED (REGISTERED NUMBER: 02662190)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,544 16,650

CURRENT ASSETS
Stocks 41,385 44,270
Debtors 5 25,855 32,474
Cash at bank and in hand 104,471 96,636
171,711 173,380
CREDITORS
Amounts falling due within one year 6 29,114 47,338
NET CURRENT ASSETS 142,597 126,042
TOTAL ASSETS LESS CURRENT
LIABILITIES

155,141

142,692

PROVISIONS FOR LIABILITIES 925 1,691
NET ASSETS 154,216 141,001

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 154,116 140,901
SHAREHOLDERS' FUNDS 154,216 141,001

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

TROPHYMAN SUPPLIES LIMITED (REGISTERED NUMBER: 02662190)

BALANCE SHEET - continued
31 DECEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2024 and were signed on its behalf by:




Mr D E J Creeden - Director



Mr C J Waddington - Director


TROPHYMAN SUPPLIES LIMITED (REGISTERED NUMBER: 02662190)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Trophyman Supplies Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents amounts receivable for the sale of trophies and silverware supplied net of VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - in accordance with the property lease
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

TROPHYMAN SUPPLIES LIMITED (REGISTERED NUMBER: 02662190)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 9 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings Totals
£    £    £    £   
COST
At 1 January 2023 10,000 56,529 23,828 90,357
Additions - 403 - 403
Disposals - (3,750 ) - (3,750 )
At 31 December 2023 10,000 53,182 23,828 87,010
DEPRECIATION
At 1 January 2023 2,250 47,646 23,811 73,707
Charge for year 75 1,618 4 1,697
Eliminated on disposal - (938 ) - (938 )
At 31 December 2023 2,325 48,326 23,815 74,466
NET BOOK VALUE
At 31 December 2023 7,675 4,856 13 12,544
At 31 December 2022 7,750 8,883 17 16,650

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 20,292 21,245
Amounts owed by associates - 2,224
Other debtors 5,563 9,005
25,855 32,474

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 10,845 22,843
Taxation and social security 15,597 18,708
Other creditors 2,672 5,787
29,114 47,338

TROPHYMAN SUPPLIES LIMITED (REGISTERED NUMBER: 02662190)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
Mr D E J Creeden
Balance outstanding at start of year 858 (373 )
Amounts advanced 3,916 1,231
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,774 858

Mr C J Waddington
Balance outstanding at start of year 5,097 4,500
Amounts advanced 182 597
Amounts repaid (4,875 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 404 5,097

8. LEASE COMMITMENTS

The company has lease commitments of £3,485 at the end of the year (2022 £5,387).