Registered number
SC322195
TREND PRODUCTIONS LIMITED
Filleted Unaudited Accounts
30 April 2024
TREND PRODUCTIONS LIMITED
Registered number: SC322195
Balance Sheet
As at 30 April 2024
Notes 2024 2023
£ £ £ £
Current assets
Debtors 3 4,700 4,746
Cash at bank and in hand 35,893 16,891
40,593 21,637
Creditors: amounts falling due within one year 4 (18,699) (20,546)
Net current assets 21,894 1,091
Net assets 21,894 1,091
Capital and reserves
Called up share capital 2 2
Capital redemption reserve 1 1
Profit and loss account 21,891 1,088
Shareholder's funds 21,894 1,091
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her 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.
Mrs G Buyers
Director
Approved by the board on 17 January 2025
TREND PRODUCTIONS LIMITED
Notes to the Accounts
For the year ended 30 April 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).
Going concern
At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The director has confirmed that they will continue to support the company to ensure that all liabilities are met as they fall due. Thus, the director continues to adopt the going concern basis of accounting in preparing the financial statements.
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.
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.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Debtors 2024 2023
£ £
Trade debtors 4,700 4,746
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 12,926 13,537
Taxation and social security costs 2,493 2,100
Other creditors 3,280 4,909
18,699 20,546
5 Loans (from)/to directors
Description and conditions B/fwd In Out C/fwd
£ £ £ £
Mrs G Buyers
Unsecured interest free loan from the director with no set repayment date (1,800) (2,067) 1,800 (2,067)
(1,800) (2,067) 1,800 (2,067)
6 Controlling party
During the current and previous year the company was controlled by the sole director and shareholder Mrs G Buyers.
7 Other information
TREND PRODUCTIONS LIMITED is a private company limited by shares and incorporated in Scotland. Its registered office is:
Johnstone House
52-54 Rose Street
Aberdeen
AB10 1HA
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