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REGISTERED NUMBER: 08413684 (England and Wales)











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 4 255,118 263,275
Tangible assets 5 2,618 2,154
257,736 265,429

Current assets
Debtors 6 181,934 178,287
Cash at bank 116 13,955
182,050 192,242
Creditors
Amounts falling due within one year 7 511,115 466,510
Net current liabilities (329,065 ) (274,268 )
Total assets less current liabilities (71,329 ) (8,839 )

Provisions for liabilities 8 13,784 29,856
Net liabilities (85,113 ) (38,695 )

Capital and reserves
Called up share capital 9 100 100
Retained earnings (85,213 ) (38,795 )
Shareholders' funds (85,113 ) (38,695 )

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

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

TRENDTYPE LIMITED (REGISTERED NUMBER: 08413684)

BALANCE SHEET - continued
31 DECEMBER 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 Statement of comprehensive income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 May 2025 and were signed on its behalf by:




Mr B J C Longman - Director



Mr C H Newman - Director


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
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 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 20% on cost

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 8 (2023 - 8 ) .

4. Intangible fixed assets
Development Website
costs development Totals
£    £    £   
Cost
At 1 January 2024 381,482 28,025 409,507
Additions 88,676 - 88,676
At 31 December 2024 470,158 28,025 498,183
Amortisation
At 1 January 2024 128,870 17,362 146,232
Amortisation for year 94,031 2,802 96,833
At 31 December 2024 222,901 20,164 243,065
Net book value
At 31 December 2024 247,257 7,861 255,118
At 31 December 2023 252,612 10,663 263,275

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 6,390
Additions 1,764
At 31 December 2024 8,154
Depreciation
At 1 January 2024 4,236
Charge for year 1,300
At 31 December 2024 5,536
Net book value
At 31 December 2024 2,618
At 31 December 2023 2,154

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 169,717 168,251
Tax 7,092 4,369
VAT 3,724 4,305
Prepayments and accrued income 1,401 1,362
181,934 178,287

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 4,546 -
Trade creditors 1,618 1,305
Social security and other taxes 31,903 20,993
Other creditors 32,638 48,189
Directors' current accounts 31,731 31,027
Accruals and deferred income 408,679 364,996
511,115 466,510

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 29,856
Credit to Income statement during year (16,072 )
Balance at 31 December 2024 13,784

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 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.