Troop Creative Limited 08521021 false 2022-06-01 2023-11-30 2023-11-30 The principal activity of the company is specialised design activities. Digita Accounts Production Advanced 6.30.9574.0 true true 08521021 2022-06-01 2023-11-30 08521021 2023-11-30 08521021 bus:OrdinaryShareClass1 2023-11-30 08521021 bus:OrdinaryShareClass2 2023-11-30 08521021 core:CurrentFinancialInstruments 2023-11-30 08521021 core:CurrentFinancialInstruments core:WithinOneYear 2023-11-30 08521021 core:Non-currentFinancialInstruments core:AfterOneYear 2023-11-30 08521021 core:FurnitureFittings 2023-11-30 08521021 core:MotorVehicles 2023-11-30 08521021 bus:SmallEntities 2022-06-01 2023-11-30 08521021 bus:AuditExemptWithAccountantsReport 2022-06-01 2023-11-30 08521021 bus:FilletedAccounts 2022-06-01 2023-11-30 08521021 bus:SmallCompaniesRegimeForAccounts 2022-06-01 2023-11-30 08521021 bus:RegisteredOffice 2022-06-01 2023-11-30 08521021 bus:Director1 2022-06-01 2023-11-30 08521021 bus:Director2 2022-06-01 2023-11-30 08521021 bus:OrdinaryShareClass1 2022-06-01 2023-11-30 08521021 bus:OrdinaryShareClass2 2022-06-01 2023-11-30 08521021 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-11-30 08521021 core:FurnitureFittings 2022-06-01 2023-11-30 08521021 core:MotorVehicles 2022-06-01 2023-11-30 08521021 core:OfficeEquipment 2022-06-01 2023-11-30 08521021 countries:AllCountries 2022-06-01 2023-11-30 08521021 2022-05-31 08521021 core:FurnitureFittings 2022-05-31 08521021 core:MotorVehicles 2022-05-31 08521021 2021-06-01 2022-05-31 08521021 2022-05-31 08521021 bus:OrdinaryShareClass1 2022-05-31 08521021 bus:OrdinaryShareClass2 2022-05-31 08521021 core:CurrentFinancialInstruments 2022-05-31 08521021 core:CurrentFinancialInstruments core:WithinOneYear 2022-05-31 08521021 core:Non-currentFinancialInstruments core:AfterOneYear 2022-05-31 08521021 core:FurnitureFittings 2022-05-31 08521021 core:MotorVehicles 2022-05-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 08521021

Troop Creative Limited

trading as Troop

Unaudited Filleted Financial Statements

for the Period from 1 June 2022 to 30 November 2023

 

Troop Creative Limited

trading as Troop

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Troop Creative Limited

trading as Troop

Company Information

Directors

Mr M Campbell

Mrs L Campbell

Registered office

4 Beau Street
Bath
BA1 1QY

Accountants

Balance Accounts Limited
Chartered Certified Accountants
4 Beau Street
Bath
BA1 1QY

 

Troop Creative Limited

trading as Troop

(Registration number: 08521021)
Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

1,447

3,623

Current assets

 

Debtors

5

416

27,073

Cash at bank and in hand

 

22,461

59,200

 

22,877

86,273

Creditors: Amounts falling due within one year

6

(12,320)

(75,944)

Net current assets

 

10,557

10,329

Total assets less current liabilities

 

12,004

13,952

Creditors: Amounts falling due after more than one year

6

(4,400)

(7,700)

Provisions for liabilities

(275)

(688)

Net assets

 

7,329

5,564

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

7,229

5,464

Shareholders' funds

 

7,329

5,564

For the financial period ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

 

Troop Creative Limited

trading as Troop

(Registration number: 08521021)
Balance Sheet as at 30 November 2023

Directors' responsibilities:

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

The directors acknowledge their 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 31 May 2024 and signed on its behalf by:
 

.........................................
Mr M Campbell
Director

.........................................
Mrs L Campbell
Director

 

Troop Creative Limited

trading as Troop

Notes to the Unaudited Financial Statements for the Period from 1 June 2022 to 30 November 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The company ceased trading in April 2023 and these are the final accounts. The company has been dormant since it ceased trading and will be wound up.

The address of its registered office is:
4 Beau Street
Bath
BA1 1QY
United Kingdom

These financial statements were authorised for issue by the Board on 31 May 2024.

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 except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

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

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, 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.

 

Troop Creative Limited

trading as Troop

Notes to the Unaudited Financial Statements for the Period from 1 June 2022 to 30 November 2023

Tax

The tax expense for the period comprises current and deferred 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

Motor vehicles

3 years straight line depreciation

Office equipment

25% straight line depreciation

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

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

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Troop Creative Limited

trading as Troop

Notes to the Unaudited Financial Statements for the Period from 1 June 2022 to 30 November 2023

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 initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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 directors) during the period, was 2 (2022 - 2).

 

Troop Creative Limited

trading as Troop

Notes to the Unaudited Financial Statements for the Period from 1 June 2022 to 30 November 2023

4

Tangible assets

Fixtures and fittings
£

Vehicles
 £

Total
£

Cost or valuation

At 1 June 2022

13,072

1,038

14,110

Additions

1,775

-

1,775

Disposals

(12,690)

-

(12,690)

At 30 November 2023

2,157

1,038

3,195

Depreciation

At 1 June 2022

9,547

940

10,487

Charge for the period

1,674

50

1,724

Eliminated on disposal

(10,463)

-

(10,463)

At 30 November 2023

758

990

1,748

Carrying amount

At 30 November 2023

1,399

48

1,447

At 31 May 2022

3,525

98

3,623

5

Debtors

Current

2023
£

2022
£

Trade debtors

-

13,122

Other debtors

416

13,951

 

416

27,073

 

Troop Creative Limited

trading as Troop

Notes to the Unaudited Financial Statements for the Period from 1 June 2022 to 30 November 2023

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

2,200

2,200

Amounts due to related parties

-

38,574

Social security and other taxes

 

-

12,051

Accruals

 

3,507

2,800

Income tax liability

6,613

20,319

 

12,320

75,944

Due after one year

 

Loans and borrowings

4,400

7,700

7

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary A of £1 each

50

50

50

50

Ordinary B of £1 each

50

50

50

50

100

100

100

100