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
Trident Merchandising Limited
Company Information
for the year ended 31 July 2024
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
Trident Merchandising Limited
Statement of financial position
as at 31 July 2024
Tangible assets
49,138
10,726
Cash at bank and in hand
6,317
1,679
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)
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
Trident Merchandising Limited
Notes to the Accounts
for the year ended 31 July 2024
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.
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.
The accounts have been prepared under the historical cost convention and the going concern basis.
The accounts are presented in £ sterling.
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 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.
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.
Trident Merchandising Limited
Notes to the Accounts
for the year ended 31 July 2024
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.
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
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
At 31 July 2024
47,765
1,244
129
49,138
At 31 July 2023
9,375
857
494
10,726
Amounts falling due within one year
Other debtors
25,717
4,613
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
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
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
22,014
-
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).
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
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).