Registered number
14140860
Tropitan & Co Ltd
Filleted Accounts
31 May 2024
Tropitan & Co Ltd
Registered number: 14140860
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 206 412
Current assets
Stocks 2,800 4,782
Cash at bank and in hand 23,374 23,059
26,174 27,841
Creditors: amounts falling due within one year 4 (12,139) (13,515)
Net current assets 14,035 14,326
Net assets 14,241 14,738
Capital and reserves
Called up share capital 2 2
Profit and loss account 14,239 14,736
Shareholders' funds 14,241 14,738
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
M Clarke
Director
Approved by the board on 11 November 2024
Tropitan & Co Ltd
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 June 2023 617
At 31 May 2024 617
Depreciation
At 1 June 2023 205
Charge for the year 206
At 31 May 2024 411
Net book value
At 31 May 2024 206
At 31 May 2023 412
4 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 1,305 3,816
Accruals 1,440 531
Director's account 9,394 9,168
12,139 13,515
5 Other information
Tropitan & Co Ltd is a private company limited by shares and incorporated in England. Its registered office is:
97 High Street
Lees
Oldham
OL4 4LY
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