Trappd Games Limited Filleted accounts for Companies House (small and micro)

TRAPPD GAMES LIMITED - Company Information

false false false false false true false false false true false false false false false false false No description of principal activity 2018-11-01 Sage Accounts Production Advanced 2019 - FRS102_2014 250 8,210 8,460 8,460 250 xbrli:pure xbrli:shares iso4217:GBP 11012924 2018-11-01 2019-07-31 11012924 2019-07-31 11012924 2018-10-31 11012924 bus:RegisteredOffice 2018-11-01 2019-07-31 11012924 bus:LeadAgentIfApplicable 2018-11-01 2019-07-31 11012924 bus:Director1 2018-11-01 2019-07-31 11012924 bus:Director2 2018-11-01 2019-07-31 11012924 core:WithinOneYear 2019-07-31 11012924 core:WithinOneYear 2018-10-31 11012924 core:ShareCapital 2019-07-31 11012924 core:ShareCapital 2018-10-31 11012924 core:RetainedEarningsAccumulatedLosses 2019-07-31 11012924 core:RetainedEarningsAccumulatedLosses 2018-10-31 11012924 core:CostValuation core:Non-currentFinancialInstruments 2018-10-31 11012924 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2019-07-31 11012924 core:CostValuation core:Non-currentFinancialInstruments 2019-07-31 11012924 core:Non-currentFinancialInstruments 2019-07-31 11012924 core:Non-currentFinancialInstruments 2018-10-31 11012924 bus:SmallEntities 2018-11-01 2019-07-31 11012924 bus:AuditExemptWithAccountantsReport 2018-11-01 2019-07-31 11012924 bus:FullAccounts 2018-11-01 2019-07-31 11012924 bus:SmallCompaniesRegimeForAccounts 2018-11-01 2019-07-31 11012924 bus:PrivateLimitedCompanyLtd 2018-11-01 2019-07-31

COMPANY REGISTRATION NUMBER: 11012924

Trappd Games Limited

Filleted Unaudited Financial Statements

31 July 2019

Trappd Games Limited

Financial Statements

Period from 1 November 2018 to 31 July 2019

Contents	Page

Officers and professional advisers	1

Accountants report to the board of directors on the preparation of the unaudited statutory financial statements	2

Statement of financial position	3

Notes to the financial statements	5

Trappd Games Limited

Officers and Professional Advisers

The board of directors	Mr D Laird
	Mr M Dixon

Registered office	10 Canberra House
	Corbygate Business Park
	Corby
	Northamptonshire
	England
	NN17 5JG

Accountants	A Plus Accountants Limited
	Accountants
	10 Canberra House
	Corbygate Business Park
	Corby
	Northants
	NN17 5JG

Trappd Games Limited

Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Trappd Games Limited

Period from 1 November 2018 to 31 July 2019

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Trappd Games Limited for the period ended 31 July 2019, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Trappd Games Limited, as a body, in accordance with the terms of our engagement letter dated 22 July 2019. Our work has been undertaken solely to prepare for your approval the financial statements of Trappd Games Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Trappd Games Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Trappd Games Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Trappd Games Limited. You consider that Trappd Games Limited is exempt from the statutory audit requirement for the period. We have not been instructed to carry out an audit or a review of the financial statements of Trappd Games Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

A Plus Accountants Limited Accountants

10 Canberra House Corbygate Business Park Corby Northants NN17 5JG

Trappd Games Limited

Statement of Financial Position

31 July 2019

	31 Jul 19	31 Oct 18
Note	£	£

Fixed assets

Investments	5	8,460	250

Current assets

Debtors	6	75,356	18,119
Cash at bank and in hand		321	3,046
		--------	--------
		75,677	21,165

Creditors: amounts falling due within one year	7	83,910	15,095
		--------	--------
Net current (liabilities)/assets		( 8,233)	6,070
		-------	-------
Total assets less current liabilities		227	6,320
		----	-------
Net assets		227	6,320
		----	-------

Capital and reserves

Called up share capital	100	100
Profit and loss account	127	6,220
	----	-------
Shareholders funds	227	6,320
	----	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the period ending 31 July 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Trappd Games Limited

Statement of Financial Position (continued)

31 July 2019

These financial statements were approved by the board of directors and authorised for issue on 30 July 2020 , and are signed on behalf of the board by:

Mr D Laird

Director

Company registration number: 11012924

Trappd Games Limited

Notes to the Financial Statements

Period from 1 November 2018 to 31 July 2019

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 10 Canberra House, Corbygate Business Park, Corby, Northamptonshire, NN17 5JG, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Investments in joint ventures

Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.

Financial instruments

Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the statement of comprehensive income under administrative expenses. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

4. Employee numbers

The average number of persons employed by the company during the period amounted to Nil (2018: Nil).

5. Investments

	Shares in group undertakings
	£
Cost
At 1 November 2018	250
Additions	8,210
	-------
At 31 July 2019	8,460
	-------
Impairment
At 1 November 2018 and 31 July 2019	–
	-------

Carrying amount
At 31 July 2019	8,460
	-------
At 31 October 2018	250
	-------

6. Debtors

	31 Jul 19	31 Oct 18
	£	£
Other debtors	75,356	18,119
	--------	--------

7. Creditors: amounts falling due within one year

	31 Jul 19	31 Oct 18
	£	£
Amounts owed to group undertakings	39,001	11,589
Accruals and deferred income	1,200	720
Corporation tax	1,592	–
Director loan accounts	–	1,941
Other creditors	42,117	845
	--------	--------
	83,910	15,095
	--------	--------

8. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

		2019	2018
		£	£

Balance brought forward	(1,941)
Advances / (credits) to the directors	77,297	(1,941)
	--------	-------
Balance outstanding carried forward	75,356	(1,941)
	--------	-------

The amounts outstanding at the year end are interest free and repayable on demand.

9. Related party transactions

The company has availed itself of the exemption contained within FRS 102 Section 33 Related Party Disclosures not to disclose details of transactions with fellow group entities.