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REGISTERED NUMBER: 05346529 (England and Wales)
























Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Trade Management Services Ltd

Trade Management Services Ltd (Registered number: 05346529)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Trade Management Services Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTORS: R W Fox
A D Fox
M A Laurie
Mrs J C Fox
A L Palethorpe
D R Fox
N Summers





SECRETARY: A L Palethorpe





REGISTERED OFFICE: Britannia Suite
Lakeside Business Centre
Lifford Lane, Kings Norton
Birmingham
West Midlands
B30 3NU





REGISTERED NUMBER: 05346529 (England and Wales)





ACCOUNTANTS: James, Stanley & Co. Limited
1,733 Coventry Road
South Yardley
Birmingham
West Midlands
B26 1DT

Trade Management Services Ltd (Registered number: 05346529)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 408,431 341,879
Property, plant and equipment 6 57,905 76,836
466,336 418,715

CURRENT ASSETS
Inventories 7 23,584 13,691
Debtors 8 840,618 906,459
Cash at bank 1,929,426 1,596,649
2,793,628 2,516,799
CREDITORS
Amounts falling due within one
year

9

669,889

791,837
NET CURRENT ASSETS 2,123,739 1,724,962
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,590,075

2,143,677

CREDITORS
Amounts falling due after more
than one year

10

(2,743

)

(16,830

)

PROVISIONS FOR LIABILITIES (2,471 ) (8,583 )
NET ASSETS 2,584,861 2,118,264

CAPITAL AND RESERVES
Called up share capital 12 1 1
Retained earnings 2,584,860 2,118,263
SHAREHOLDERS' FUNDS 2,584,861 2,118,264

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

Trade Management Services Ltd (Registered number: 05346529)

Balance Sheet - continued
31 May 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2024 and were signed on its behalf by:





A D Fox - Director


Trade Management Services Ltd (Registered number: 05346529)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Trade Management Services Ltd 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. STATEMENT OF COMPLIANCE

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. There were no material departures from that accounting standard.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced subscriptions and other sales, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Publishing rights are being amortised evenly over their estimated useful life of five years.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - 20% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 10% on cost
Computer equipment - 33% on cost

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


Trade Management Services Ltd (Registered number: 05346529)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Foreign currencies
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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Grants received
Grant income received as compensation for costs incurred is recognised as income in the period in which the grant is received.

Income recognition
Income is recognised when memberships are provided to customers as this represents the substance of the transactions.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2023 - 30 ) .

Trade Management Services Ltd (Registered number: 05346529)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

5. INTANGIBLE FIXED ASSETS
Publishing Computer
Goodwill rights software Totals
£    £    £    £   
COST
At 1 June 2023 175,000 - 307,709 482,709
Additions - 3,000 157,997 160,997
At 31 May 2024 175,000 3,000 465,706 643,706
AMORTISATION
At 1 June 2023 35,000 - 105,830 140,830
Amortisation for year 17,500 600 76,345 94,445
At 31 May 2024 52,500 600 182,175 235,275
NET BOOK VALUE
At 31 May 2024 122,500 2,400 283,531 408,431
At 31 May 2023 140,000 - 201,879 341,879

6. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Short Plant and and Computer
leasehold machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 June 2023 72,189 6,811 110,580 94,861 284,441
Additions - 3,349 4,388 303 8,040
Disposals - - - (42,555 ) (42,555 )
At 31 May 2024 72,189 10,160 114,968 52,609 249,926
DEPRECIATION
At 1 June 2023 72,189 2,723 71,879 60,814 207,605
Charge for year - 1,753 8,196 16,153 26,102
Eliminated on disposal - - - (41,686 ) (41,686 )
At 31 May 2024 72,189 4,476 80,075 35,281 192,021
NET BOOK VALUE
At 31 May 2024 - 5,684 34,893 17,328 57,905
At 31 May 2023 - 4,088 38,701 34,047 76,836

Trade Management Services Ltd (Registered number: 05346529)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

6. PROPERTY, PLANT AND EQUIPMENT - continued

Fixed assets, included in the above, which are held under finance leases are as follows:
Computer
equipment
£   
COST
At 1 June 2023
and 31 May 2024 39,950
DEPRECIATION
At 1 June 2023 9,987
Charge for year 13,317
At 31 May 2024 23,304
NET BOOK VALUE
At 31 May 2024 16,646
At 31 May 2023 29,963

7. INVENTORIES
31.5.24 31.5.23
£    £   
Stocks 23,584 13,691

8. DEBTORS
31.5.24 31.5.23
£    £   
Amounts falling due within one year:
Trade debtors 685,384 734,924
Other debtors 5,855 5,401
Amounts owed by group
undertakings - holding company - 296
Prepayments and accrued income 129,309 144,307
820,548 884,928

Amounts falling due after more than one year:
Other debtors 20,070 21,531

Aggregate amounts 840,618 906,459

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Finance leases (see note 11) 14,087 12,994
Trade creditors 56,241 70,660
Amounts owed to ultimate parent company 60,944 164,537
Tax 161,461 146,662
Social security and other
taxes

112,395

108,345
Other creditors 11,882 34,660
Accruals and deferred income 252,879 253,979
669,889 791,837

Trade Management Services Ltd (Registered number: 05346529)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Finance leases (see note 11) 2,743 16,830

11. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Finance leases
31.5.24 31.5.23
£    £   
Net obligations repayable:
Within one year 14,087 12,994
Between one and five years 2,743 16,830
16,830 29,824

Minimum lease payments under non-cancellable operating leases fall due totalling £195,672 (2023 - £276,281).

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
1 Ordinary £1 1 1

13. CAPITAL COMMITMENTS
31.5.24 31.5.23
£    £   
Contracted but not provided for in the
financial statements 40,997 21,304

14. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2024 and 31 May 2023:

31.5.24 31.5.23
£    £   
R W Fox
Balance outstanding at start of year - 11,398
Amounts repaid - (11,398 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

A D Fox
Balance outstanding at start of year 18,119 19,664
Amounts repaid (1,126 ) (1,545 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 16,993 18,119

Trade Management Services Ltd (Registered number: 05346529)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

14. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

M A Laurie
Balance outstanding at start of year 36 340
Amounts repaid (36 ) (304 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 36

D R Fox
Balance outstanding at start of year - 139
Amounts repaid - (139 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

A L Palethorpe
Balance outstanding at start of year - 140
Amounts repaid - (140 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Mrs J C Fox
Balance outstanding at start of year - 35
Amounts repaid - (35 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Mr A.D Fox's director's loan account is unsecured and bears interest at 4% per annum. Mr M.A. Laurie director's loan account was unsecured and interest free with no specific repayment terms.

15. RELATED PARTY DISCLOSURES

On 28 March 2024 Trade Management Services Group Ltd ceased trading. At this date, the loan balance of £102,961 owed by Trade Management Services Group Ltd to Trade Management Services Ltd was settled as part of the group restructure by Trade Management Services (Holdings) Limited and is included within Amounts owed to parent company.

Loans via group undertakings are unsecured and interest free with no specific repayment terms.