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REGISTERED NUMBER: 05928563 (England and Wales)















TRADEMAGIC LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024






TRADEMAGIC LIMITED (REGISTERED NUMBER: 05928563)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TRADEMAGIC LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: R H Hocknull
A L Hocknull





REGISTERED OFFICE: North Works
Westgate
Aldridge
WS9 8UF





REGISTERED NUMBER: 05928563 (England and Wales)





ACCOUNTANTS: Sephton & Company LLP
Chartered Certified Accountants
Marston House
5 Elmdon Lane
Marston Green
Solihull
West Midlands
B37 7DL

TRADEMAGIC LIMITED (REGISTERED NUMBER: 05928563)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 320,750 406,670

CURRENT ASSETS
Stocks 1,021,172 714,109
Debtors 5 1,850,015 2,150,622
Cash at bank 28,586 175,186
2,899,773 3,039,917
CREDITORS
Amounts falling due within one year 6 2,063,000 2,008,691
NET CURRENT ASSETS 836,773 1,031,226
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,157,523

1,437,896

CREDITORS
Amounts falling due after more than one
year

7

(143,270

)

(321,289

)

PROVISIONS FOR LIABILITIES (57,177 ) (77,553 )
NET ASSETS 957,076 1,039,054

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 956,976 1,038,954
SHAREHOLDERS' FUNDS 957,076 1,039,054

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 profit or loss 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.

TRADEMAGIC LIMITED (REGISTERED NUMBER: 05928563)

BALANCE SHEET - continued
31 OCTOBER 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 March 2025 and were signed on its behalf by:





A L Hocknull - Director


TRADEMAGIC LIMITED (REGISTERED NUMBER: 05928563)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024


1. STATUTORY INFORMATION

Trademagic Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 is measured at fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales tax.

The company recognises turnover at the point of goods despatched in line with their invoicing procedures.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Long leasehold - 20% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell after making due allowance for obsolete and slow moving items.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


TRADEMAGIC LIMITED (REGISTERED NUMBER: 05928563)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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.

Development grants
Regional growth fund grant in respect of capital expenditure treated as deferred income and shall be recognised in profit or loss of the period in which it becomes receivable and when the performance-related conditions are met.

Government grants
Grants relating to revenue are recognised in income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 15 ) .

TRADEMAGIC LIMITED (REGISTERED NUMBER: 05928563)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 November 2023 142,994 705,727 20,080
Additions 15,423 10,212 1,365
Disposals - (100,708 ) -
At 31 October 2024 158,417 615,231 21,445
DEPRECIATION
At 1 November 2023 46,534 442,372 12,194
Charge for year 19,840 37,277 1,373
Eliminated on disposal - (62,721 ) -
At 31 October 2024 66,374 416,928 13,567
NET BOOK VALUE
At 31 October 2024 92,043 198,303 7,878
At 31 October 2023 96,460 263,355 7,886

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 November 2023 61,411 34,797 965,009
Additions - - 27,000
Disposals (26,950 ) - (127,658 )
At 31 October 2024 34,461 34,797 864,351
DEPRECIATION
At 1 November 2023 29,169 28,070 558,339
Charge for year 6,461 3,586 68,537
Eliminated on disposal (20,554 ) - (83,275 )
At 31 October 2024 15,076 31,656 543,601
NET BOOK VALUE
At 31 October 2024 19,385 3,141 320,750
At 31 October 2023 32,242 6,727 406,670

TRADEMAGIC LIMITED (REGISTERED NUMBER: 05928563)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 November 2023
and 31 October 2024 34,461
DEPRECIATION
At 1 November 2023 8,615
Charge for year 6,461
At 31 October 2024 15,076
NET BOOK VALUE
At 31 October 2024 19,385
At 31 October 2023 25,846

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,372,030 1,464,484
Amounts owed by group undertakings 459,547 645,271
Other debtors 18,438 40,867
1,850,015 2,150,622

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 150,000 150,000
Hire purchase contracts (see note 8) 8,691 8,091
Trade creditors 671,524 723,791
Taxation and social security 381,280 318,817
Other creditors 851,505 807,992
2,063,000 2,008,691

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 130,671 300,000
Hire purchase contracts (see note 8) 12,599 21,289
143,270 321,289

TRADEMAGIC LIMITED (REGISTERED NUMBER: 05928563)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 8,691 8,091
Between one and five years 12,599 21,289
21,290 29,380

Non-cancellable operating leases
2024 2023
£    £   
Within one year 125,500 125,500
Between one and five years 52,292 177,792
177,792 303,292

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 280,671 450,000
Hire purchase contracts 21,290 29,380
Factor account 845,917 802,404
1,147,878 1,281,784

HSBC UK Bank PLC holds a fixed and floating charge over the assets of the Company dated 7 October 2021.

Barclays Security Trustee LImited holds a fixed and floating charge over the assets of the Company dated 21 May 2020.

Barclays Bank PLC hold a fixed and floating charge over the assets of the Company dated 28 March 2018.

10. RELATED PARTY DISCLOSURES

As at the balance sheet date the Company was owed £459,547 (2023 £645,271) by Trademagic Holdings Limited. The debt is repayable on demand and no interest is charged on the outstanding amount.