Company Registration No. 04961845 (England and Wales)
Trout Design Limited
Unaudited Financial Statements
for the year ended 31 December 2022
Trout Design Limited
Unaudited Financial Statements
Contents
Trout Design Limited
Company Information
for the year ended 31 December 2022
Secretary
Melanie Sullivan
Company Number
04961845 (England and Wales)
Registered Office
72 Wellesley Road
London
W4 3AL
Accountants
Finovium & Co
3a Callow Street
London
SW3 6BJ
Trout Design Limited
Statement of financial position
as at 31 December 2022
Cash at bank and in hand
8,649
15,473
Creditors: amounts falling due within one year
(8,371)
(11,596)
Net current assets
836
4,627
Total assets less current liabilities
1,087
5,204
Creditors: amounts falling due after more than one year
(6,038)
(8,599)
Net liabilities
(4,951)
(3,395)
Called up share capital
2
2
Profit and loss account
(4,953)
(3,397)
Shareholders' funds
(4,951)
(3,395)
For the year ending 31 December 2022 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 and authorised for issue on 28 September 2023 and were signed on its behalf by
Julia Evans
Director
Company Registration No. 04961845
Trout Design Limited
Notes to the Accounts
for the year ended 31 December 2022
Trout Design Limited is a private company, limited by shares, registered in England and Wales, registration number 04961845. The registered office 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.
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.
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.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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:
Plant & machinery
25% (straight line)
Computer equipment
25% (straight line)
Trout Design Limited
Notes to the Accounts
for the year ended 31 December 2022
4
Tangible fixed assets
Total
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
6
Average number of employees
During the year the average number of employees was 1 (2021: 1).