Company Registration No. 04961845 (England and Wales)
Trout Design Limited
Unaudited Financial Statements
for the year ended 31 December 2016
Trout Design Limited
Unaudited Financial Statements
Contents
Trout Design Limited
Company Information
for the year ended 31 December 2016
Company Number
04961845 (England and Wales)
Registered Office
72 Wellesley Road
London
W4 3AL
Accountants
Finovium Limited
45a Edith Grove
London
SW10 0LB
Trout Design Limited
Statement of financial position
as at
31 December 2016
Creditors: amounts falling due within one year
(22,660)
(16,440)
Net current liabilities
(22,648)
(16,440)
Net liabilities
(22,648)
(16,440)
Called up share capital
2
2
Profit and loss account
(22,650)
(16,442)
Shareholders' funds
(22,648)
(16,440)
For the year ending 31 December 2016 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 director acknowledges her 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.
Approved by the Board on 21 September 2017.
Julia Evans
Director
Company Registration No. 04961845
Trout Design Limited
Notes to the Accounts
for the year ended 31 December 2016
Trout Design Limited is a private company, limited by shares, registered in England and Wales, registration number 04961845. The registered office and principal place of business is 72 Wellesley Road, London, W4 3AL.
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.
These financial statements for the year ended 31 December 2016 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
5
Creditors: amounts falling due within one year
2016
2015
Bank loans and overdrafts
2,482
2,274
Taxes and social security
-
353
Loans from directors
19,578
-
Trout Design Limited
Notes to the Accounts
for the year ended 31 December 2016
6
Share capital
2016
2015
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
7
Average number of employees
During the year the average number of employees was 1 (2015: 1).