| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 |
| FOR |
| TRENDTYPE LIMITED |
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 |
| FOR |
| TRENDTYPE LIMITED |
| TRENDTYPE LIMITED (REGISTERED NUMBER: 08413684) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| Page |
| Balance sheet | 1 |
| Notes to the financial statements | 3 |
| TRENDTYPE LIMITED (REGISTERED NUMBER: 08413684) |
| BALANCE SHEET |
| 31 DECEMBER 2024 |
| 2024 | 2023 |
| Notes | £ | £ | £ |
| Fixed assets |
| Intangible assets | 4 |
| Tangible assets | 5 |
| Current assets |
| Debtors | 6 |
| Cash at bank |
| Creditors |
| Amounts falling due within one year | 7 |
| Net current liabilities | ( |
) | ( |
) |
| Total assets less current liabilities | ( |
) | ( |
) |
| Provisions for liabilities | 8 |
| Net liabilities | ( |
) | ( |
) |
| Capital and reserves |
| Called up share capital | 9 |
| Retained earnings | ( |
) | ( |
) |
| Shareholders' funds | ( |
) | ( |
) |
| 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. |
| TRENDTYPE LIMITED (REGISTERED NUMBER: 08413684) |
| BALANCE SHEET - continued |
| 31 DECEMBER 2024 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| TRENDTYPE LIMITED (REGISTERED NUMBER: 08413684) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 1. | Statutory information |
| Trendtype Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 08413684. The registered office address is Impact Brixton, 17a Electric Lane, London, SW9 8LA. |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| Turnover |
| Turnover on consultancy income is recognised when the work is completed for the customer. |
| Turnover on subscription income is recognised over the life of the service contract. |
| All turnover is shown net of VAT. |
| Development costs |
| Development expenditure on an individual project are recognised as an intangible asset when the company can demonstrate: |
| - The technical feasibility of completing the intangible asset so that the asset will be available for use or sale |
| - Its intention to complete and its ability to use or sell the asset |
| - How the asset will generate future economic benefits |
| - The availability of resources to complete the asset |
| - The ability to measure reliably the expenditure during development |
| - The ability to use the intangible asset generated |
| Where the Directors are satisfied as to the technical, commercial and financial viability of individual projects, the identifiable expenditure is deferred and amortised over the period during which the company is expected to benefit. At the balance sheet date the directors believe these conditions were met during 2022, so, amortisation of development costs has commenced in this year over a period of 5 years. |
| Website development |
| Website development costs are being amortised evenly over its estimated useful life of ten years. |
| Tangible fixed assets |
| Computer equipment | - |
| Taxation |
| Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
| Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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 balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset. |
| TRENDTYPE LIMITED (REGISTERED NUMBER: 08413684) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 2. | Accounting policies - continued |
| 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. |
| Financial instruments |
| Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities. |
| At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate. |
| 3. | Employees and directors |
| The average number of employees during the year was |
| 4. | Intangible fixed assets |
| Development | Website |
| costs | development | Totals |
| £ | £ | £ |
| Cost |
| At 1 January 2024 |
| Additions |
| At 31 December 2024 |
| Amortisation |
| At 1 January 2024 |
| Amortisation for year |
| At 31 December 2024 |
| Net book value |
| At 31 December 2024 |
| At 31 December 2023 |
| TRENDTYPE LIMITED (REGISTERED NUMBER: 08413684) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 5. | Tangible fixed assets |
| Computer |
| equipment |
| £ |
| Cost |
| At 1 January 2024 |
| Additions |
| At 31 December 2024 |
| Depreciation |
| At 1 January 2024 |
| Charge for year |
| At 31 December 2024 |
| Net book value |
| At 31 December 2024 |
| At 31 December 2023 |
| 6. | Debtors: amounts falling due within one year |
| 2024 | 2023 |
| £ | £ |
| Trade debtors |
| Tax |
| VAT |
| Prepayments and accrued income |
| 7. | Creditors: amounts falling due within one year |
| 2024 | 2023 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Social security and other taxes |
| Other creditors |
| Directors' current accounts | 31,731 | 31,027 |
| Accruals and deferred income |
| 8. | Provisions for liabilities |
| 2024 | 2023 |
| £ | £ |
| Deferred tax | 13,784 | 29,856 |
| TRENDTYPE LIMITED (REGISTERED NUMBER: 08413684) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 8. | Provisions for liabilities - continued |
| Deferred |
| tax |
| £ |
| Balance at 1 January 2024 |
| Credit to Income statement during year | ( |
) |
| Balance at 31 December 2024 |
| 9. | Called up share capital |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2024 | 2023 |
| value: | £ | £ |
| Ordinary | £1 | 100 | 100 |
| 10. | Ultimate controlling party |
| The ultimate controlling party is Mr B Longman by virtue of his 51% shareholding in the company. |