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REGISTERED NUMBER: 05135089 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Trafford Media & Communications Ltd

Trafford Media & Communications Ltd (Registered number: 05135089)






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




Page

Balance Sheet 1

Notes to the Financial Statements 2


Trafford Media & Communications Ltd (Registered number: 05135089)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,412 7,881

CURRENT ASSETS
Debtors 5 7,100 11,346
Cash at bank 75,650 55,669
82,750 67,015
CREDITORS
Amounts falling due within one year 6 46,932 84,221
NET CURRENT ASSETS/(LIABILITIES) 35,818 (17,206 )
TOTAL ASSETS LESS CURRENT LIABILITIES 43,230 (9,325 )

CREDITORS
Amounts falling due after more than one year 7 (67,993 ) (58,051 )

PROVISIONS FOR LIABILITIES (1,853 ) (1,497 )
NET LIABILITIES (26,616 ) (68,873 )

RESERVES
Income and expenditure account (26,616 ) (68,873 )
(26,616 ) (68,873 )

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 surplus or deficit 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 October 2024 and were signed on its behalf by:





Miss M J Graham - Director


Trafford Media & Communications Ltd (Registered number: 05135089)

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

1. STATUTORY INFORMATION

Trafford Media & Communications Ltd is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 05135089

Registered office: Spring Court
Spring Road
Hale
Cheshire
WA15 2UQ

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 net invoiced sales of goods, excluding value added tax. Turnover is recognised when the goods are delivered to the customer, with the exception of pro-forma sales where the sale is recognised once the pro-forma has been paid.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Going concern
The financial statements have been prepared on a going concern basis notwithstanding the deficit in net assets. The main creditor of the company is the bank loan which stands at £36,044 (2023 : £41,517). The directors are satisfied that they are prepared to continue to support the development of the company for the next year.

Trafford Media & Communications Ltd (Registered number: 05135089)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 June 2023 25,869
Additions 1,124
At 31 May 2024 26,993
DEPRECIATION
At 1 June 2023 17,988
Charge for year 1,593
At 31 May 2024 19,581
NET BOOK VALUE
At 31 May 2024 7,412
At 31 May 2023 7,881

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 7,100 6,276
Other debtors - 5,070
7,100 11,346

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,622 5,474
Trade creditors 34,541 45,847
Taxation and social security 5,323 -
Other creditors 1,446 32,900
46,932 84,221

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 30,422 36,044
Other creditors 37,571 22,007
67,993 58,051

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 6,392 12,627