Registered number
04115184
Trafalgar Foods Ltd
Unaudited Filleted Accounts and Notes
For the year ended
31 December 2023
Trafalgar Foods Ltd
Registered number: 04115184
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,895 2,721
Current assets
Debtors 4 60,741 69,357
Cash at bank and in hand 265,821 328,965
326,562 398,322
Creditors: amounts falling due within one year 5 (232,825) (291,922)
Net current assets 93,737 106,400
Total assets less current liabilities 95,632 109,121
Creditors: amounts falling due after more than one year 6 (37,273) (42,280)
Net assets 58,359 66,841
Capital and reserves
Called up share capital 1 1
Share premium 15,000 15,000
Profit and loss account 43,358 51,840
Shareholder's funds 58,359 66,841
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 S Kapoor
Director
Approved by the board on 19 September 2024
Trafalgar Foods Ltd
Notes to the Accounts
for the year ended 31 December 2023
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 (as applied to small entities by section 1A of the standard).
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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 4 4
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2023 17,855
Disposals (731)
At 31 December 2023 17,124
Depreciation
At 1 January 2023 15,134
Charge for the year 95
At 31 December 2023 15,229
Net book value
At 31 December 2023 1,895
At 31 December 2022 2,721
4 Debtors 2023 2022
£ £
Trade debtors 56,241 64,857
Other debtors 4,500 4,500
60,741 69,357
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 178,698 235,533
Amounts owed to group undertakings and undertakings in which the company has a participating interest - 2,733
Taxation and social security costs 5,478 (3,498)
Other creditors 48,649 57,154
232,825 291,922
6 Creditors: amounts falling due after one year 2023 2022
£ £
Other creditors 37,273 42,280
7 Controlling party
The company is 100% owned and controlled by the director and shareholder Mr Preet Kapoor.
8 Other information
Trafalgar Foods Ltd is a private company limited by shares and incorporated in England. Its registered office is:
4 Laurel Park
Harrow
HA3 6AU
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