REGISTERED NUMBER: 09898253 (England and Wales)

Trophy Supermarket Limited

Unaudited Financial Statements for the Year Ended 31 December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M P Gibbins

V L Gibbins

SECRETARY:

V L Gibbins

REGISTERED OFFICE:

120 Spring Bank

Hull

East Yorkshire

HU3 1QJ

REGISTERED NUMBER:

09898253 (England and Wales)

ACCOUNTANTS:

Smailes Goldie

Chartered Accountants

Regent's Court

Princess Street

Hull

East Yorkshire

HU2 8BA

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

-

8,188

-

8,188

CURRENT ASSETS

Debtors

6

2,993

1,845

Cash at bank

17,279

24,630

20,272

26,475

CREDITORS

Amounts falling due within one year

7

2,287

13,452

NET CURRENT ASSETS

17,985

13,023

TOTAL ASSETS LESS CURRENT LIABILITIES

17,985

21,211

PROVISIONS FOR LIABILITIES

-

1,556

NET ASSETS

17,985

19,655

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

17,885

19,555

SHAREHOLDERS' FUNDS

17,985

19,655

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.

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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

M P Gibbins - Director

1.	STATUTORY INFORMATION

Trophy Supermarket 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Sale of goods

Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.

Intangible fixed assets

Intangible assets relating to computer software and website development are capitalised at cost less accumulated amortisation and impairment losses. Cost includes costs directly attributable to bringing the asset into operation.

Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Website 20%

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Computer Equipment 20%

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

Taxation

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.

Going concern

The accounts have been prepared on the going concern basis. This is based upon the continued support of the directors and related parties.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

11,000

Reclassification/transfer

(11,000

)

At 31 December 2024

-

AMORTISATION

At 1 January 2024

11,000

Reclassification/transfer

(11,000

)

At 31 December 2024

-

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

9,619

Reclassification/transfer

(9,619

)

At 31 December 2024

-

DEPRECIATION

At 1 January 2024

1,431

Charge for year

1,851

Reclassification/transfer

(3,282

)

At 31 December 2024

-

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

8,188

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

-

164

Other debtors

2,993

-

VAT

-

1,681

2,993

1,845

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

1,110

2,794

Tax

277

4,018

Other creditors

-

5,915

Accrued expenses

900

725

2,287

13,452

8.	RELATED PARTY DISCLOSURES

The following entity is a related party to Trophy Supermarket Limited:

Manufacturing Wholesale Jewellers (Hull) Limited

2024

2023

£

£

Amount due from/(to) related party

2,933

(5,915

)

Manufacturing Wholesale Jewellers (Hull) Limited is a company wholly owned by the shareholders of this company.

9.	ULTIMATE CONTROLLING PARTY

At 31 December 2024 the company is jointly controlled by Mr M P Gibbins and Mrs V L Gibbins by virtue of their 100% holding of the issued share capital of the company.