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Company No: 07506984 (England and Wales)

TRILOGY DESIGNS LIMITED

Unaudited Financial Statements
For the financial year ended 31 January 2024
Pages for filing with the registrar

TRILOGY DESIGNS LIMITED

Unaudited Financial Statements

For the financial year ended 31 January 2024

Contents

TRILOGY DESIGNS LIMITED

COMPANY INFORMATION

For the financial year ended 31 January 2024
TRILOGY DESIGNS LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 January 2024
DIRECTORS Neale Charles Diamond
Ciaran Robert Leyne
REGISTERED OFFICE Treviot House
186-192 High Road
Ilford
IG1 1LR
United Kingdom
COMPANY NUMBER 07506984 (England and Wales)
ACCOUNTANT Gravita Essex Limited
Treviot House
186-192 High Road
Ilford
Essex
IG1 1LR
United Kingdom
TRILOGY DESIGNS LIMITED

BALANCE SHEET

As at 31 January 2024
TRILOGY DESIGNS LIMITED

BALANCE SHEET (continued)

As at 31 January 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 3 0 2,000
Tangible assets 4 4,971 5,701
4,971 7,701
Current assets
Debtors 5 127,380 80,654
Cash at bank and in hand 80,764 25,907
208,144 106,561
Creditors: amounts falling due within one year 6 ( 189,609) ( 76,382)
Net current assets 18,535 30,179
Total assets less current liabilities 23,506 37,880
Creditors: amounts falling due after more than one year 7 ( 14,158) ( 29,529)
Provision for liabilities ( 1,243) ( 1,368)
Net assets 8,105 6,983
Capital and reserves
Called-up share capital 577 577
Profit and loss account 7,528 6,406
Total shareholders' funds 8,105 6,983

For the financial year ending 31 January 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Trilogy Designs Limited (registered number: 07506984) were approved and authorised for issue by the Board of Directors on 31 October 2024. They were signed on its behalf by:

Neale Charles Diamond
Director
TRILOGY DESIGNS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2024
TRILOGY DESIGNS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Trilogy Designs Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Treviot House, 186-192 High Road, Ilford, IG1 1LR, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 10 years straight line
Goodwill

Goodwill arises on business combination and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis over its useful economic life, which is 10 years.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Fixtures and fittings 15 % reducing balance
Office equipment 5 years straight line
Computer equipment 15 % reducing balance
Leases

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

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 2

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 February 2023 20,000 20,000
At 31 January 2024 20,000 20,000
Accumulated amortisation
At 01 February 2023 18,000 18,000
Charge for the financial year 2,000 2,000
At 31 January 2024 20,000 20,000
Net book value
At 31 January 2024 0 0
At 31 January 2023 2,000 2,000

4. Tangible assets

Fixtures and fittings Office equipment Computer equipment Total
£ £ £ £
Cost
At 01 February 2023 5,188 28,193 6,226 39,607
Additions 0 0 2,079 2,079
At 31 January 2024 5,188 28,193 8,305 41,686
Accumulated depreciation
At 01 February 2023 5,029 24,807 4,070 33,906
Charge for the financial year 24 2,281 504 2,809
At 31 January 2024 5,053 27,088 4,574 36,715
Net book value
At 31 January 2024 135 1,105 3,731 4,971
At 31 January 2023 159 3,386 2,156 5,701

5. Debtors

2024 2023
£ £
Trade debtors 60,303 16,960
Other debtors 67,077 63,694
127,380 80,654

6. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 12,022 9,656
Trade creditors 139,944 34,441
Taxation and social security 19,058 20,159
Other creditors 18,585 12,126
189,609 76,382

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 14,158 29,529

8. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Director- N Diamond 0 0
Amounts Advanced 8,838 35,638
Amounts Repaid (35,548) (39,077)
0 0
Director - C Leyne 0 0
Amounts Advanced 27,582 29,150
Amounts Repaid (30,633) (37,822)