| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2023 |
| FOR |
| TRENTPACK LTD |
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2023 |
| FOR |
| TRENTPACK LTD |
| TRENTPACK LTD (REGISTERED NUMBER: 07136725) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2023 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| TRENTPACK LTD |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 DECEMBER 2023 |
| Directors: |
| Registered office: |
| Registered number: |
| Accountants: |
| 10 Stadium Business Court |
| Millennium Way |
| Pride Park |
| Derby |
| Derbyshire |
| DE24 8HP |
| TRENTPACK LTD (REGISTERED NUMBER: 07136725) |
| BALANCE SHEET |
| 31 DECEMBER 2023 |
| 2023 | 2022 |
| Notes | £ | £ |
| Fixed assets |
| Intangible assets | 4 |
| Tangible assets | 5 |
| Current assets |
| Stocks |
| Debtors | 6 |
| Cash at bank |
| Creditors |
| Amounts falling due within one year | 7 | ( |
) | ( |
) |
| Net current liabilities | ( |
) | ( |
) |
| Total assets less current liabilities | ( |
) |
| Creditors |
| Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
| Provisions for liabilities | 10 | ( |
) | ( |
) |
| Net liabilities | ( |
) | ( |
) |
| Capital and reserves |
| Called up share capital |
| 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. |
| TRENTPACK LTD (REGISTERED NUMBER: 07136725) |
| BALANCE SHEET - continued |
| 31 DECEMBER 2023 |
| In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| TRENTPACK LTD (REGISTERED NUMBER: 07136725) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2023 |
| 1. | STATUTORY INFORMATION |
| Trentpack Ltd is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Going Concern |
| The directors have agreed to continue to support the company and have deferred repayment of their loan accounts, therefore the accounts have been prepared on a going concern basis. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Goodwill |
| Goodwill being the amount paid in connection with the acquisition of a business in 2010 has been amortised in full. |
| Intangible assets |
| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
| Tangible fixed assets |
| Leasehold improvements | - |
| Plant and machinery | - |
| Motor vehicles | - |
| Equipment | - |
| Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
| 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. |
| TRENTPACK LTD (REGISTERED NUMBER: 07136725) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2023 |
| 2. | ACCOUNTING POLICIES - continued |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
| 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| Cost |
| At 1 January 2023 |
| and 31 December 2023 |
| Amortisation |
| At 1 January 2023 |
| and 31 December 2023 |
| Net book value |
| At 31 December 2023 |
| At 31 December 2022 |
| 5. | TANGIBLE FIXED ASSETS |
| Leasehold | Plant and | Motor |
| improvements | machinery | vehicles | Equipment | Totals |
| £ | £ | £ | £ | £ |
| Cost |
| At 1 January 2023 |
| Additions |
| At 31 December 2023 |
| Depreciation |
| At 1 January 2023 |
| Charge for year |
| At 31 December 2023 |
| Net book value |
| At 31 December 2023 |
| At 31 December 2022 |
| Included within the net book value of £162,735 is £32,229 (2022 - £17,303) relating to assets held under hire purchase and finance leases. The depreciation charged to the financial statements in the year in respect of such assets amounted to £9,449 (2022 - £13,842). |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2023 | 2022 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Tax |
| Prepayments and accrued income |
| TRENTPACK LTD (REGISTERED NUMBER: 07136725) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2023 |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2023 | 2022 |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts |
| Trade creditors |
| Tax |
| VAT | 28,480 | 37,311 |
| Other creditors |
| Invoice discounting | 97,970 | 45,534 |
| Directors' loan accounts | 275,390 | 280,893 |
| Accruals and deferred income |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2023 | 2022 |
| £ | £ |
| Bank loans - 2-5 years |
| Hire purchase contracts |
| 9. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2023 | 2022 |
| £ | £ |
| Bank loans |
| Hire purchase contracts | 29,558 | 6,777 |
| Invoice discounting | 97,970 | 45,534 |
| Bank loans are secured by an fixed and floating charge, secured over the assets of the company. |
| Hire purchase liabilities are secured by a fixed charge, secured over the assets to which they relate. |
| Invoice discounting is secured by a fixed and floating charge, secured over the assets of the company. |
| 10. | PROVISIONS FOR LIABILITIES |
| 2023 | 2022 |
| £ | £ |
| Deferred tax | 40,471 | 37,566 |
| Deferred tax |
| £ |
| Balance at 1 January 2023 |
| Provided during year |
| Balance at 31 December 2023 |
| 11. | POST BALANCE SHEET EVENTS |
| The company changed ownership following the year end, and is now wholly owned by TP Manufacturing Holding Ltd, a company registered in England and Wales. |