Company Registration No. 10364926 (England and Wales)
Trap Worldwide Limited
Unaudited financial statements
For the year ended 30 September 2023
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 2023
30 September 2023
- 1 -
2023
2022
Notes
£
£
£
£
Current assets
Debtors
2
15,452
28,520
Cash at bank and in hand
13,882
29,070
29,334
57,590
Creditors: amounts falling due within one year
3
(24,126)
(46,137)
Net current assets
5,208
11,453
Capital and reserves
Called up share capital
4
6
6
Profit and loss reserves
5,202
11,447
Total equity
5,208
11,453

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 2023 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.

The 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 18 April 2024 and are signed on its behalf by:
A Najeeb
Director
Company registration number 10364926 (England and Wales)
TRAP WORLDWIDE LIMITED
Trap Worldwide Limited
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
- 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. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents contributions receivable recognised on a quarterly basis and compensation received net 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
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
-
0
9,900
Other debtors
15,452
18,620
15,452
28,520
TRAP WORLDWIDE LIMITED
Trap Worldwide Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2023
- 3 -
3
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
22,026
3,244
Taxation and social security
-
0
954
Other creditors
2,100
41,939
24,126
46,137
4
Called up share capital
2023
2022
£
£
Ordinary share capital
Issued and fully paid
6 Ordinary shares of £1 each
6
6
5
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 amounts in these financial statements are rounded to the nearest £.

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