Registered number
12435851
Trendy Tickers Ltd.
Filleted Accounts
31 January 2024
Trendy Tickers Ltd.
Registered number: 12435851
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 319,532 100,239
Current assets
Stocks 341,770 349,045
Debtors 4 524,744 126,394
Cash at bank and in hand 349,268 190,218
1,215,782 665,657
Creditors: amounts falling due within one year 5 (255,332) (257,355)
Net current assets 960,450 408,302
Total assets less current liabilities 1,279,982 508,541
Creditors: amounts falling due after more than one year 6 (842,332) (96,433)
Net assets 437,650 412,108
Capital and reserves
Called up share capital 121 101
Profit and loss account 437,529 412,007
Shareholders' funds 437,650 412,108
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.
A Grey
Director
Approved by the board on 30 December 2024
Trendy Tickers Ltd.
Notes to the Accounts
for the year ended 31 January 2024
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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles over 5 years
Computer equipment over 4 years
Fixtures and fittings over 10 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Fixtures and fittings Computer equipment Motor vehicles Total
£ £ £ £
Cost
At 1 February 2023 55,129 4,962 65,990 126,081
Additions 2,107 2,192 244,855 249,154
At 31 January 2024 57,236 7,154 310,845 375,235
Depreciation
At 1 February 2023 10,247 2,397 13,198 25,842
Charge for the year 5,724 1,789 22,348 29,861
At 31 January 2024 15,971 4,186 35,546 55,703
Net book value
At 31 January 2024 41,265 2,968 275,299 319,532
At 31 January 2023 44,882 2,565 52,792 100,239
4 Debtors 2024 2023
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 192,640 59,400
Other debtors 332,104 66,994
524,744 126,394
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 5,140 31,396
Obligations under finance lease and hire purchase contracts 54,453 12,688
Trade creditors 16,533 1,655
Amounts owed to group undertakings and undertakings in which the company has a participating interest 25,748 34,306
Taxation and social security costs 5,289 47,407
Other creditors 148,169 129,903
255,332 257,355
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 603,412 43,960
Obligations under finance lease and hire purchase contracts 238,920 52,473
842,332 96,433
7 Other information
Trendy Tickers Ltd. is a private company limited by shares and incorporated in England. Its registered office is:
20-22 Wenlock Road
London
N17GU
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