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REGISTERED NUMBER: 07136725 (England and Wales)















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: Mr S M S Leonard
Mr A J Shaw





Registered office: 3 Hillgate Business Centre
Swallow Street
Stockport
SK1 3AU





Registered number: 07136725 (England and Wales)





Accountants: TC Group
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 5 162,735 150,264
162,735 150,264

Current assets
Stocks 269,285 231,014
Debtors 6 120,425 97,077
Cash at bank 35,351 7,691
425,061 335,782
Creditors
Amounts falling due within one year 7 (561,130 ) (493,483 )
Net current liabilities (136,069 ) (157,701 )
Total assets less current liabilities 26,666 (7,437 )

Creditors
Amounts falling due after more than one
year

8

(77,241

)

(91,966

)

Provisions for liabilities 10 (40,471 ) (37,566 )
Net liabilities (91,046 ) (136,969 )

Capital and reserves
Called up share capital 1 1
Retained earnings (91,047 ) (136,970 )
Shareholders' funds (91,046 ) (136,969 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

TRENTPACK LTD (REGISTERED NUMBER: 07136725)

BALANCE SHEET - continued
31 DECEMBER 2023


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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 June 2025 and were signed on its behalf by:





Mr S M S Leonard - Director


TRENTPACK LTD (REGISTERED NUMBER: 07136725)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Trentpack Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold improvements - 10% on cost
Plant and machinery - 10% on cost
Motor vehicles - 16% on cost
Equipment - 25% on cost

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 11 (2022 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
Cost
At 1 January 2023
and 31 December 2023 10,000
Amortisation
At 1 January 2023
and 31 December 2023 10,000
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 5,586 385,215 88,715 17,977 497,493
Additions - 49,034 - 83 49,117
At 31 December 2023 5,586 434,249 88,715 18,060 546,610
Depreciation
At 1 January 2023 1,853 259,704 70,788 14,884 347,229
Charge for year 559 20,140 14,034 1,913 36,646
At 31 December 2023 2,412 279,844 84,822 16,797 383,875
Net book value
At 31 December 2023 3,174 154,405 3,893 1,263 162,735
At 31 December 2022 3,733 125,511 17,927 3,093 150,264

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 114,102 48,296
Other debtors 6,017 2,641
Tax - 43,204
Prepayments and accrued income 306 2,936
120,425 97,077

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 38,213 34,304
Hire purchase contracts 5,818 6,777
Trade creditors 107,380 51,125
Tax 3,115 -
VAT 28,480 37,311
Other creditors 2,644 35,419
Invoice discounting 97,970 45,534
Directors' loan accounts 275,390 280,893
Accruals and deferred income 2,120 2,120
561,130 493,483

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£ £
Bank loans - 2-5 years 53,501 91,966
Hire purchase contracts 23,740 -
77,241 91,966

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£ £
Bank loans 91,714 126,270
Hire purchase contracts 29,558 6,777
Invoice discounting 97,970 45,534
219,242 178,581

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 37,566
Provided during year 2,905
Balance at 31 December 2023 40,471

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.