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Registration number: 11170214

Trigger Time Training Ltd

Unaudited Financial Statements

for the Year Ended 31 January 2023

 

Trigger Time Training Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 6

 

Trigger Time Training Ltd

(Registration number: 11170214)
Balance Sheet as at 31 January 2023

Note

2023
£

2022
£

Current assets

 

Debtors

5

13,122

522

Cash at bank and in hand

 

239,735

209,878

 

252,857

210,400

Creditors: Amounts falling due within one year

6

(23,661)

(17,022)

Net assets

 

229,196

193,378

Capital and reserves

 

Called up share capital

10

-

Retained earnings

229,186

193,378

Shareholders' funds

 

229,196

193,378

For the financial year ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 11 July 2023
 

.........................................
Mr Paul Childerley
Director

 

Trigger Time Training Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Holly Tree House, 31c Mount Pleasant, Aspley
Milton Keynes
Buckinghamshire
MK17 8JZ
United Kingdom

These financial statements were authorised for issue by the director on 11 July 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis.

Judgements

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover comprises the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Trigger Time Training Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and Machinery

33% Straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognise at the transaction price.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

 

Trigger Time Training Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

Trigger Time Training Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

4

Tangible assets

Other tangible assets
£

Total
£

Cost or valuation

At 1 February 2022

1,647

1,647

At 31 January 2023

1,647

1,647

Depreciation

At 1 February 2022

1,647

1,647

At 31 January 2023

1,647

1,647

Carrying amount

At 31 January 2023

-

-

5

Debtors

Current

Note

2023
£

2022
£

Trade debtors

 

(2,278)

522

Amounts owed by related parties

9

15,400

-

   

13,122

522

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

1,311

1,200

Taxation and social security

13,260

13,779

Accruals and deferred income

1,050

1,002

Other creditors

8,040

1,041

23,661

17,022

7

Share capital

Allotted, called up and fully paid shares

 

Trigger Time Training Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

10

10

10

10

         

8

Dividends

   

2023

 

2022

   

£

 

£

Interim dividend of £2,070.00 (2022 - £Nil) per ordinary share

 

20,700

 

-

         

9

Related party transactions

At the balance sheet date, the company owed £8,042 (2022: £1,040) to the director. There is no interest charged on this loan, and there are no terms relating to the repayment of capital.

At the balance sheet date, the company was owed £15,000 by Childerly Sporting Ltd. This transaction is conducted at arms length and completed under normal trading conditions. There is no interest charged on this loan, and there are no terms relating to the repayment of capital.

At the balance sheet date, the company was owed £400 by Childerly Sporting Events Ltd. This transaction is conducted at arms length and completed under normal trading conditions. There is no interest charged on this loan, and there are no terms relating to the repayment of capital.