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Company Registration No. 07733834 (England and Wales)
Trident Merchandising Limited Unaudited accounts for the year ended 31 July 2024
Trident Merchandising Limited Unaudited accounts Contents
Page
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Trident Merchandising Limited Company Information for the year ended 31 July 2024
Director
Andrew Beeley
Company Number
07733834 (England and Wales)
Registered Office
314 Tanner Business Centre Waterside Greenfield, Oldham OL3 7NH
Accountants
Whyatt Accountancy 1 Aysgarth Avenue Romiley Stockport Cheshire SK6 4PX
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Trident Merchandising Limited Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
49,138 
10,726 
Current assets
Inventories
27,407 
19,968 
Debtors
26,169 
4,613 
Cash at bank and in hand
6,317 
1,679 
59,893 
26,260 
Creditors: amounts falling due within one year
(78,113)
(29,482)
Net current liabilities
(18,220)
(3,222)
Total assets less current liabilities
30,918 
7,504 
Creditors: amounts falling due after more than one year
(53,516)
(38,020)
Provisions for liabilities
Deferred tax
(9,336)
(2,038)
Net liabilities
(31,934)
(32,554)
Capital and reserves
Called up share capital
6 
6 
Profit and loss account
(31,940)
(32,560)
Shareholders' funds
(31,934)
(32,554)
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 April 2025 and were signed on its behalf by
Andrew Beeley Director Company Registration No. 07733834
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Trident Merchandising Limited Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Trident Merchandising Limited is a private company, limited by shares, registered in England and Wales, registration number 07733834. The registered office is 314 Tanner Business Centre, Waterside, Greenfield, Oldham, OL3 7NH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention and the going concern basis.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
over 5 years (straight line basis)
Fixtures & fittings
over 3-5 years (straight line basis)
Computer equipment
over 3 years (straight line basis)
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Trident Merchandising Limited Notes to the Accounts for the year ended 31 July 2024
Deferred taxation
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 accounts. 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.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 August 2023
15,635 
1,148 
1,548 
18,331 
Additions
43,742 
711 
141 
44,594 
Disposals
(225)
(124)
(69)
(418)
At 31 July 2024
59,152 
1,735 
1,620 
62,507 
Depreciation
At 1 August 2023
6,260 
291 
1,054 
7,605 
Charge for the year
5,228 
256 
489 
5,973 
On disposals
(101)
(56)
(52)
(209)
At 31 July 2024
11,387 
491 
1,491 
13,369 
Net book value
At 31 July 2024
47,765 
1,244 
129 
49,138 
At 31 July 2023
9,375 
857 
494 
10,726 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
452 
- 
Other debtors
25,717 
4,613 
26,169 
4,613 
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Trident Merchandising Limited Notes to the Accounts for the year ended 31 July 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
6,518 
3,368 
VAT
- 
897 
Obligations under finance leases and hire purchase contracts
10,253 
- 
Trade creditors
46,427 
8,997 
Taxes and social security
5,557 
1,544 
Other creditors
9,358 
14,460 
Accruals
- 
216 
78,113 
29,482 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
31,502 
38,020 
Obligations under finance leases and hire purchase contracts
22,014 
- 
53,516 
38,020 
Aggregate of amounts that fall due for payment after five years
5,428 
11,946 
No security has been given for the total bank loan payable of £38,020 at 31 July 2024 (2023: none).
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Andrew Beeley
Loans to directors included in 'Other debtors' (note 5)
4,613 
25,468 
9,185 
20,896 
4,613 
25,468 
9,185 
20,896 
Interest is charged on the loan at the prevailing HMRC official rate. Total interest charged and paid in the year was £128. No amounts have been waived or written off in the year. The maximum amount outstanding during the year was £30,081 (2023: £9,001).
9
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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