Company Registration No. 10247469 (England and Wales)
Trapex Limited
Unaudited accounts
for the year ended 30 September 2024
Trapex Limited
Unaudited accounts
Contents
Trapex Limited
Company Information
for the year ended 30 September 2024
Company Number
10247469 (England and Wales)
Registered Office
Unit 5 Swaker Yard
2B Theobald Street
Herts
WD6 4SE
United Kingdom
Accountants
Platts
Unit 5 Swaker Yard
2b Theobald Street
Herts
WD6 4SE
Trapex Limited
Statement of financial position
as at 30 September 2024
Tangible assets
27,081
19,351
Cash at bank and in hand
81,002
114,446
Creditors: amounts falling due within one year
(92,460)
(55,844)
Net current assets
40,688
88,368
Total assets less current liabilities
67,769
107,719
Provisions for liabilities
Deferred tax
(5,651)
(5,651)
Called up share capital
100
100
Profit and loss account
62,018
101,968
Shareholders' funds
62,118
102,068
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 June 2025 and were signed on its behalf by
Mr R Hackney
Director
Company Registration No. 10247469
Trapex Limited
Notes to the Accounts
for the year ended 30 September 2024
Trapex Limited is a private company, limited by shares, registered in England and Wales, registration number 10247469. The registered office is Unit 5 Swaker Yard, 2B Theobald Street, Herts, WD6 4SE, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Fixtures & fittings
20% reducing balance
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Trapex Limited
Notes to the Accounts
for the year ended 30 September 2024
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 October 2023
55,978
-
9,159
65,137
Additions
285
11,150
3,065
14,500
At 30 September 2024
56,263
11,150
12,224
79,637
At 1 October 2023
39,786
-
6,000
45,786
Charge for the year
3,295
2,230
1,245
6,770
At 30 September 2024
43,081
2,230
7,245
52,556
At 30 September 2024
13,182
8,920
4,979
27,081
At 30 September 2023
16,192
-
3,159
19,351
Finished goods
5,750
2,075
Amounts falling due within one year
Trade debtors
32,911
18,604
Accrued income and prepayments
6,643
7,125
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
83,594
44,925
Taxes and social security
3,684
4,463
Loans from directors
182
2
Trapex Limited
Notes to the Accounts
for the year ended 30 September 2024
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Transactions with related parties
The director and his family own the company's entire issued share capital.
10
Average number of employees
During the year the average number of employees was 9 (2023: 10).