Company Registration No. 10364926 (England and Wales)
Trap Worldwide Limited
Unaudited financial statements
For the year ended 30 September 2021
Pages for filing with registrar
TRAP WORLDWIDE LIMITED
Trap Worldwide Limited
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
TRAP WORLDWIDE LIMITED
Trap Worldwide Limited
BALANCE SHEET
AS AT 30 SEPTEMBER 2021
30 September 2021
- 1 -
2021
2020
Notes
£
£
£
£
Current assets
Debtors
3
13,822
20,411
Cash at bank and in hand
24,401
17,755
38,223
38,166
Creditors: amounts falling due within one year
4
(3,542)
(3,265)
Net current assets
34,681
34,901
Capital and reserves
Called up share capital
5
6
6
Profit and loss reserves
34,675
34,895
Total equity
34,681
34,901
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 30 September 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 4 March 2022 and are signed on its behalf by:
A Najeeb
Director
Company Registration No. 10364926
TRAP WORLDWIDE LIMITED
Trap Worldwide Limited
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2021
- 2 -
1
Accounting policies
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover represents
contributions
receivable
recognised on a quarterly basis and compensation received n
et of VAT
.
1.3
Cash at bank and in hand
Cash at bank and in hand
are basic financial assets
and
include cash in hand, deposits held at call with banks, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.4
Taxation
The tax expense represents the sum of the tax currently payable
.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The
company’s
liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
1.5
Foreign exchange
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation
in the period
are included in profit or loss.
2
Employees
The average monthly number of persons employed by the company during the year was:
2021
2020
Number
Number
Total
TRAP WORLDWIDE LIMITED
Trap Worldwide Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2021
- 3 -
3
Debtors
2021
2020
Amounts falling due within one year:
£
£
Trade debtors
3,239
5,660
Other debtors
10,583
14,751
13,822
20,411
4
Creditors: amounts falling due within one year
2021
2020
£
£
Trade creditors
1,642
1,265
Other creditors
1,900
2,000
3,542
3,265
5
Called up share capital
2021
2020
£
£
Ordinary share capital
Issued and fully paid
6 Ordinary shares of £1 each
6
6
6
Company information
Trap Worldwide Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
55 Loudoun Road, St John's Wood, London, NW8 0DL.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.