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Company Registration No. 10247469 (England and Wales)
Trapex Limited Unaudited accounts for the year ended 30 September 2024
Trapex Limited Unaudited accounts Contents
Page
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Trapex Limited Company Information for the year ended 30 September 2024
Director
Mr R Hackney
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
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Trapex Limited Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
27,081 
19,351 
Current assets
Inventories
5,750 
2,075 
Debtors
46,396 
27,691 
Cash at bank and in hand
81,002 
114,446 
133,148 
144,212 
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)
Net assets
62,118 
102,068 
Capital and reserves
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
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Trapex Limited Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
Leased assets
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
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.
Pension costs
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.
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Trapex Limited Notes to the Accounts for the year ended 30 September 2024
Deferred taxation
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 
Depreciation
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 
Net book value
At 30 September 2024
13,182 
8,920 
4,979 
27,081 
At 30 September 2023
16,192 
- 
3,159 
19,351 
5
Inventories
2024 
2023 
£ 
£ 
Finished goods
5,750 
2,075 
5,750 
2,075 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
6,837 
- 
Trade debtors
32,911 
18,604 
Accrued income and prepayments
6,643 
7,125 
Other debtors
5 
1,962 
46,396 
27,691 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
- 
1,454 
Trade creditors
83,594 
44,925 
Taxes and social security
3,684 
4,463 
Loans from directors
182 
2 
Accruals
5,000 
5,000 
92,460 
55,844 
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Trapex Limited Notes to the Accounts for the year ended 30 September 2024
8
Share capital
2024 
2023 
£ 
£ 
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).
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