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REGISTERED NUMBER: 04746878 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 December 2024

for

D & P Trophies Limited

D & P Trophies Limited (Registered number: 04746878)






Contents of the Financial Statements
for the year ended 31 December 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


D & P Trophies Limited

Company Information
for the year ended 31 December 2024







DIRECTORS: D Neville
H Neville





SECRETARY: H Neville





REGISTERED OFFICE: 14 Swan Road
Swan Industrial Estate
Washington
Tyne and Wear
NE38 8JJ





REGISTERED NUMBER: 04746878 (England and Wales)





ACCOUNTANTS: TTR Barnes Limited
Chartered Accountants
3-5 Grange Terrace
Stockton Road
Sunderland
Tyne & Wear
SR2 7DG

D & P Trophies Limited (Registered number: 04746878)

Statement of Financial Position
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 11,429 10,539
11,429 10,539

CURRENT ASSETS
Stocks 22,755 20,215
Debtors 6 14,505 12,754
Cash at bank and in hand 32,975 33,164
70,235 66,133
CREDITORS
Amounts falling due within one year 7 32,864 28,874
NET CURRENT ASSETS 37,371 37,259
TOTAL ASSETS LESS CURRENT
LIABILITIES

48,800

47,798

CREDITORS
Amounts falling due after more than one
year

8

(39,807

)

(43,353

)

PROVISIONS FOR LIABILITIES (2,125 ) (1,945 )
NET ASSETS 6,868 2,500

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 6,768 2,400
SHAREHOLDERS' FUNDS 6,868 2,500

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.

D & P Trophies Limited (Registered number: 04746878)

Statement of Financial Position - 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 August 2025 and were signed on its behalf by:




D Neville - Director



H Neville - Director


D & P Trophies Limited (Registered number: 04746878)

Notes to the Financial Statements
for the year ended 31 December 2024

1. STATUTORY INFORMATION

D & P Trophies Limited 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.

The financial statements have been prepared on the going concern basis, which assumes that the company will continue in operational existence for the foreseeable future, which the directors consider to be
appropriate.

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 aquisition of the business, has now been fully amortised.

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.

Computer software is being amortised evenly over its estimated life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance

Stocks
Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis. Net realisable value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are recognised at transaction vale and subsequently measured at their settlement value.

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 statement of financial position date.


D & P Trophies Limited (Registered number: 04746878)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Interest charged on hire purchase and finance lease agreements is charged to the profit and loss account using the sum of the digits method over the term of the lease.

Rentals paid under operating leases are charged to the profit and 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 9 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Computer
Goodwill software Totals
£    £    £   
COST
At 1 January 2024
and 31 December 2024 75,000 3,835 78,835
AMORTISATION
At 1 January 2024
and 31 December 2024 75,000 3,835 78,835
NET BOOK VALUE
At 31 December 2024 - - -
At 31 December 2023 - - -

D & P Trophies Limited (Registered number: 04746878)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 30,611
Additions 2,825
At 31 December 2024 33,436
DEPRECIATION
At 1 January 2024 20,072
Charge for year 1,935
At 31 December 2024 22,007
NET BOOK VALUE
At 31 December 2024 11,429
At 31 December 2023 10,539

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 13,433 11,600
Other debtors 1,072 1,154
14,505 12,754

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,900 6,500
Trade creditors 11,086 8,238
Taxation and social security 11,197 9,689
Other creditors 4,681 4,447
32,864 28,874

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 25,963 29,405
Other creditors 13,844 13,948
39,807 43,353

Amounts falling due in more than five years:

Repayable by instalments
Bank Loan - More Than 5 Years 3,363 4,655

D & P Trophies Limited (Registered number: 04746878)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 6,941 6,941
Between one and five years 2,909 9,850
9,850 16,791