Trident Sound Studio Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02845057 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2019

for

Trident Sound Studio Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M Collins

REGISTERED OFFICE:

10-11 Heathfield Terrace

London

W4 4JE

REGISTERED NUMBER:

02845057 (England and Wales)

ACCOUNTANTS:

WILSHERS & CO

10-11 Heathfield Terrace

London

W4 4JE

FIXED ASSETS

Tangible assets

4

53,475

42,259

CURRENT ASSETS

Debtors

5

292,410

202,913

Cash at bank and in hand

156,358

119,423

448,768

322,336

CREDITORS

Amounts falling due within one year

6

70,380

76,101

NET CURRENT ASSETS

378,388

246,235

TOTAL ASSETS LESS CURRENT LIABILITIES

431,863

288,494

CREDITORS

Amounts falling due after more than one year

7

186,335

151,335

NET ASSETS

245,528

137,159

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

245,428

137,059

SHAREHOLDERS' FUNDS

245,528

137,159

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 31 March 2020 and were signed by:

M Collins - Director

1.	STATUTORY INFORMATION

Trident Sound Studio Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2018 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 July 2018

204,978

88,463

45,568

339,009

Additions

13,876

10,972

1,199

26,047

At 30 June 2019

218,854

99,435

46,767

365,056

DEPRECIATION

At 1 July 2018

186,968

65,976

43,806

296,750

Charge for year

7,972

4,497

2,362

14,831

At 30 June 2019

194,940

70,473

46,168

311,581

NET BOOK VALUE

At 30 June 2019

23,914

28,962

599

53,475

At 30 June 2018

18,010

22,487

1,762

42,259

5.

DEBTORS

2019

2018

£

£

Amounts falling due within one year:

Trade debtors

100,829

81,232

Other debtors

-

35,100

100,829

116,332

Amounts falling due after more than one year:

Amounts owed by associates

191,581

86,581

Aggregate amounts

292,410

202,913

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

6,530

46,647

Taxation and social security

61,838

28,467

Other creditors

2,012

987

70,380

76,101

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

Amounts owed to group undertakings

186,335

151,335