Tropview Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 02175771 (England and Wales)

Unaudited Financial Statements

For The Year Ended 30th November 2022

for

Tropview Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

7

DIRECTOR:

A J Haines

SECRETARY:

A J Haines

REGISTERED OFFICE:

6 Kings Buildings

Hill Street

Lydney

Gloucestershire

GL15 5HE

REGISTERED NUMBER:

02175771 (England and Wales)

ACCOUNTANTS:

Wildin (Accountants & Auditors) Ltd

Kings Buildings

Lydney

Gloucestershire

GL15 5HE

FIXED ASSETS

Tangible assets

4

3,271

3,177

CURRENT ASSETS

Stocks

5

2,335

1,660

Debtors

6

12,110

2,780

Cash at bank

36,961

45,070

51,406

49,510

CREDITORS

Amounts falling due within one year

7

18,855

18,340

NET CURRENT ASSETS

32,551

31,170

TOTAL ASSETS LESS CURRENT LIABILITIES

35,822

34,347

CREDITORS

Amounts falling due after more than one year

8

(15,333

)

(19,333

)

PROVISIONS FOR LIABILITIES

9

(621

)

(604

)

NET ASSETS

19,868

14,410

CAPITAL AND RESERVES

Called up share capital

10

50

50

Capital redemption reserve

11

(19,950

)

(19,950

)

Retained earnings

11

39,768

34,310

SHAREHOLDERS' FUNDS

19,868

14,410

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the director and authorised for issue on 14th February 2023 and were signed by:

A J Haines - Director

1.	STATUTORY INFORMATION

Tropview 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, excluding discounts, rebates, value added tax and other sales taxes.

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

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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 3 (2021 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1st December 2021

122,229

6,127

128,356

Additions

1,275

-

1,275

At 30th November 2022

123,504

6,127

129,631

DEPRECIATION

At 1st December 2021

121,154

4,025

125,179

Charge for year

481

700

1,181

At 30th November 2022

121,635

4,725

126,360

NET BOOK VALUE

At 30th November 2022

1,869

1,402

3,271

At 30th November 2021

1,075

2,102

3,177

5.

STOCKS

30.11.22

30.11.21

£

£

Stocks

1,340

1,210

Work-in-progress

995

450

2,335

1,660

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.22

30.11.21

£

£

Trade debtors

10,788

1,699

Other debtors

-

295

Prepayments

1,322

786

12,110

2,780

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.22

30.11.21

£

£

Tax

8,374

3,314

VAT

3,438

3,733

Directors' current accounts

59

2

Accrued expenses

6,984

11,291

18,855

18,340

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.22

30.11.21

£

£

Other loans more 5yrs instal

15,333

19,333

30.11.22

30.11.21

£

£

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

15,333

19,333

9.	PROVISIONS FOR LIABILITIES

30.11.22

30.11.21

£

£

Deferred tax

621

604

Deferred

tax

£

Balance at 1st December 2021

604

Provided during year

17

Balance at 30th November 2022

621

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.22

30.11.21

value:

£

£

100

Ordinary

£1

50

50

11.

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

£

£

At 1st December 2021

34,310

(19,950

)

14,360

Profit for the year

36,158

36,158

Dividends

(30,700

)

(30,700

)

At 30th November 2022

39,768

(19,950

)

19,818

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A J Haines.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Tropview Limited for the year ended 30th November 2022 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Tropview Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Tropview Limited and state those matters that we have agreed to state to the director of Tropview Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Tropview Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Tropview Limited. You consider that Tropview Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Tropview Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Wildin (Accountants & Auditors) Ltd

Kings Buildings

Lydney

Gloucestershire

GL15 5HE

14th February 2023