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Company Registration No. 07870731 (England and Wales)
Troubadour Goods Limited Unaudited accounts for the year ended 31 December 2024
Troubadour Goods Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Troubadour Goods Limited Company Information for the year ended 31 December 2024
Directors
Samuel Bail Abel Samet Berne Berry Paul Meyerowitz
Company Number
07870731 (England and Wales)
Registered Office
483 Green Lanes London N13 4BS
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Troubadour Goods Limited Statement of financial position as at 31 December 2024
2024
2023
Notes
£
£
Fixed assets
Intangible assets
4
16,933
193,195
Tangible assets
5
14,377
32,987
31,310
226,182
Current assets
Inventories
6
1,892,655
1,532,804
Debtors
7
601,559
925,596
Cash at bank and in hand
1,248,338
947,507
3,742,552
3,405,907
Creditors: amounts falling due within one year
8
(1,442,851)
(698,966)
Net current assets
2,299,701
2,706,941
Total assets less current liabilities
2,331,011
2,933,123
Creditors: amounts falling due after more than one year
9
(375,000)
(688,177)
Net assets
1,956,011
2,244,946
Capital and reserves
Called up share capital
1,000
1,000
Share premium
7,526,736
6,552,397
Profit and loss account
(5,571,725)
(4,308,451)
Shareholders' funds
1,956,011
2,244,946
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 13 September 2025 and were signed on its behalf by
Abel Samet Director Company Registration No. 07870731
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Troubadour Goods Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Troubadour Goods Limited is a private company, limited by shares, registered in England and Wales, registration number 07870731. The registered office is 483 Green Lanes, London, N13 4BS.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% on reducing balance
Computer equipment
25% on reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Going concern
The company's financial statements for the period ended 31st December 2023 have been prepared on a going concern basis as after making appropriate enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future
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Troubadour Goods Limited Notes to the Accounts for the year ended 31 December 2024
4
Intangible fixed assets
Other
£
Cost
At 1 January 2024
360,330
Revaluations
(330,220)
At 31 December 2024
30,110
Amortisation
At 1 January 2024
167,135
Other increase/(decrease)
(153,958)
At 31 December 2024
13,177
Net book value
At 31 December 2024
16,933
At 31 December 2023
193,195
An impairment review was conducted on Intangible assets, and as a result all Intangible Assets relating to Research & Development have been fully amortised.
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 January 2024
56,784
33,152
89,936
Additions
-
6,966
6,966
Revaluations
(5,669)
-
(5,669)
At 31 December 2024
51,115
40,118
91,233
Depreciation
At 1 January 2024
41,238
15,711
56,949
Charge for the year
4,208
10,030
14,238
Surplus on revaluation
5,669
-
5,669
At 31 December 2024
51,115
25,741
76,856
Net book value
At 31 December 2024
-
14,377
14,377
At 31 December 2023
15,546
17,441
32,987
6
Inventories
2024
2023
£
£
Finished goods
1,892,655
1,532,804
1,892,655
1,532,804
A Stock write-down of £501,901 was incurred during the year.
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Troubadour Goods Limited Notes to the Accounts for the year ended 31 December 2024
7
Debtors
2024
2023
£
£
Amounts falling due within one year
Trade debtors
355,152
412,872
Accrued income and prepayments
193,628
325,039
Other debtors
-
187,685
548,780
925,596
Amounts falling due after more than one year
Accrued income and prepayments
52,779
-
8
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
29,850
5,000
VAT
29,600
26,417
Trade creditors
908,349
111,918
Taxes and social security
15,147
6,981
Other creditors
458,574
510,861
Accruals
1,331
37,789
1,442,851
698,966
9
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans
-
32,083
Other creditors
375,000
656,094
375,000
688,177
10
Average number of employees
During the year the average number of employees was 12 (2023: 9).
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