Thomas Traum Limited 07092788 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is Graphic Design, Art Direction Digita Accounts Production Advanced 6.30.9574.0 true true 07092788 2023-01-01 2023-12-31 07092788 2023-12-31 07092788 bus:OrdinaryShareClass1 2023-12-31 07092788 core:CurrentFinancialInstruments 2023-12-31 07092788 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 07092788 core:FurnitureFittingsToolsEquipment 2023-12-31 07092788 core:OtherPropertyPlantEquipment 2023-12-31 07092788 bus:SmallEntities 2023-01-01 2023-12-31 07092788 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 07092788 bus:AbridgedAccounts 2023-01-01 2023-12-31 07092788 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 07092788 bus:RegisteredOffice 2023-01-01 2023-12-31 07092788 bus:Director1 2023-01-01 2023-12-31 07092788 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 07092788 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07092788 core:ComputerEquipment 2023-01-01 2023-12-31 07092788 core:FurnitureFittingsToolsEquipment 2023-01-01 2023-12-31 07092788 core:OfficeEquipment 2023-01-01 2023-12-31 07092788 core:OtherPropertyPlantEquipment 2023-01-01 2023-12-31 07092788 core:PlantMachinery 2023-01-01 2023-12-31 07092788 countries:UnitedKingdom 2023-01-01 2023-12-31 07092788 2022-12-31 07092788 core:FurnitureFittingsToolsEquipment 2022-12-31 07092788 core:OtherPropertyPlantEquipment 2022-12-31 07092788 2022-01-01 2022-12-31 07092788 2022-12-31 07092788 bus:OrdinaryShareClass1 2022-12-31 07092788 core:CurrentFinancialInstruments 2022-12-31 07092788 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 07092788 core:FurnitureFittingsToolsEquipment 2022-12-31 07092788 core:OtherPropertyPlantEquipment 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 07092788

Thomas Traum Limited

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 December 2023

 

Thomas Traum Limited

(Registration number: 07092788)
Abridged Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

7,848

10,560

Current assets

 

Debtors

6

11,201

24,556

Cash at bank and in hand

 

79,449

117,961

 

90,650

142,517

Prepayments and accrued income

 

-

86

Creditors: Amounts falling due within one year

(14,145)

(12,941)

Net current assets

 

76,505

129,662

Total assets less current liabilities

 

84,353

140,222

Provisions for liabilities

(313)

-

Accruals and deferred income

 

(3,448)

(1,448)

Net assets

 

80,592

138,774

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

80,492

138,674

Shareholders' funds

 

80,592

138,774

For the financial year ending 31 December 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.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

 

Thomas Traum Limited

(Registration number: 07092788)
Abridged Balance Sheet as at 31 December 2023

Approved and authorised by the director on 17 September 2024
 

.........................................
Mr Thomas Eberwein
Director

 

Thomas Traum Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 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:
Little Mead
Hollingdon
Buckinghamshire
LU7 0DN
England

The principal place of business is:
First Floor - East
52-53 Margaret street
London
W1W 8SQ
United Kingdom

These financial statements were authorised for issue by the director on 17 September 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 abridged 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 abridged 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.

 

Thomas Traum Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2023

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.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises 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.

 

Thomas Traum Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2023

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

25% Reducing Balance

Office Equipment

25% Reducing Balance

Computer Equipment

25% Reducing Balance

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.

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.

 

Thomas Traum Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2023

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 2).

4

Loss/profit before tax

Arrived at after charging/(crediting)

2023
£

2022
£

Depreciation expense

7,521

9,254

 

Thomas Traum Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2023

5

Tangible assets

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 January 2023

50,873

17,042

67,915

Additions

4,809

-

4,809

At 31 December 2023

55,682

17,042

72,724

Depreciation

At 1 January 2023

42,641

14,714

57,355

Charge for the year

6,821

700

7,521

At 31 December 2023

49,462

15,414

64,876

Carrying amount

At 31 December 2023

6,220

1,628

7,848

At 31 December 2022

8,232

2,328

10,560

6

Debtors

Debtors includes £Nil (2022 - £Nil) due after more than one year.

7

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary Share of £1 each

100

100

100

100