Silverfin false false 31/07/2024 21/07/2023 31/07/2024 J A Collins 27/10/2023 G Dickinson 26/06/2024 B Pearce 20/02/2025 V E Warren 30/10/2023 21/07/2023 D S Weimer 20/02/2025 16 April 2025 no description of principal activity 15019426 2024-07-31 15019426 bus:Director1 2024-07-31 15019426 bus:Director2 2024-07-31 15019426 bus:Director3 2024-07-31 15019426 bus:Director4 2024-07-31 15019426 bus:Director5 2024-07-31 15019426 core:CurrentFinancialInstruments 2024-07-31 15019426 core:Non-currentFinancialInstruments 2024-07-31 15019426 core:ShareCapital 2024-07-31 15019426 core:RetainedEarningsAccumulatedLosses 2024-07-31 15019426 2023-07-21 2024-07-31 15019426 bus:FilletedAccounts 2023-07-21 2024-07-31 15019426 bus:SmallEntities 2023-07-21 2024-07-31 15019426 bus:AuditExemptWithAccountantsReport 2023-07-21 2024-07-31 15019426 bus:PrivateLimitedCompanyLtd 2023-07-21 2024-07-31 15019426 bus:Director1 2023-07-21 2024-07-31 15019426 bus:Director2 2023-07-21 2024-07-31 15019426 bus:Director3 2023-07-21 2024-07-31 15019426 bus:Director4 2023-07-21 2024-07-31 15019426 bus:Director5 2023-07-21 2024-07-31 15019426 core:Non-currentFinancialInstruments 2023-07-21 2024-07-31 iso4217:GBP xbrli:pure

Company No: 15019426 (England and Wales)

TREND GROUP PROJECTS LTD

Unaudited Financial Statements
For the financial period from 21 July 2023 to 31 July 2024
Pages for filing with the registrar

TREND GROUP PROJECTS LTD

Unaudited Financial Statements

For the financial period from 21 July 2023 to 31 July 2024

Contents

TREND GROUP PROJECTS LTD

STATEMENT OF FINANCIAL POSITION

As at 31 July 2024
TREND GROUP PROJECTS LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 July 2024
Note 31.07.2024
£
Current assets
Debtors 3 2,509
Cash at bank and in hand 4 65,157
67,666
Creditors: amounts falling due within one year 5 ( 27,310)
Net current assets 40,356
Total assets less current liabilities 40,356
Creditors: amounts falling due after more than one year 6 ( 42,844)
Net liabilities ( 2,488)
Capital and reserves
Called-up share capital 150
Profit and loss account ( 2,638 )
Total shareholder's deficit ( 2,488)

For the financial period ending 31 July 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Trend Group Projects Ltd (registered number: 15019426) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

G Dickinson
Director

16 April 2025

TREND GROUP PROJECTS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 21 July 2023 to 31 July 2024
TREND GROUP PROJECTS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 21 July 2023 to 31 July 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Trend Group Projects Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 10 Riverside Road, Norwich, NR1 1SQ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
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 financial statements. 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.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

Period from
21.07.2023 to
31.07.2024
Number
Monthly average number of persons employed by the Company during the period, including directors 2

3. Debtors

31.07.2024
£
Amounts owed by directors 150
VAT recoverable 2,359
2,509

During the year, amounts owed by directors to the company was £150. This represents the value of the ordinary share capital.

4. Cash and cash equivalents

31.07.2024
£
Cash at bank and in hand 65,157

5. Creditors: amounts falling due within one year

31.07.2024
£
Trade creditors 108
Accruals 27,202
27,310

6. Creditors: amounts falling due after more than one year

31.07.2024
£
Amounts owed to associates 42,844

There are no amounts included above in respect of which any security has been given by the small entity.