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 2020

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 DEJ

10-11 Heathfield Terrace

London

W4 4JE

FIXED ASSETS

Tangible assets

4

42,089

53,475

CURRENT ASSETS

Debtors

5

285,784

292,410

Cash at bank and in hand

117,950

156,358

403,734

448,768

CREDITORS

Amounts falling due within one year

6

50,288

70,380

NET CURRENT ASSETS

353,446

378,388

TOTAL ASSETS LESS CURRENT LIABILITIES

395,535

431,863

CREDITORS

Amounts falling due after more than one year

7

211,335

186,335

NET ASSETS

184,200

245,528

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

184,100

245,428

SHAREHOLDERS' FUNDS

184,200

245,528

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2020 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 and authorised for issue on 25 May 2021 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

-

33% on cost

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 (2019 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 July 2019

218,854

99,435

46,767

365,056

Additions

-

427

962

1,389

At 30 June 2020

218,854

99,862

47,729

366,445

DEPRECIATION

At 1 July 2019

194,940

70,473

46,168

311,581

Charge for year

5,978

5,878

919

12,775

At 30 June 2020

200,918

76,351

47,087

324,356

NET BOOK VALUE

At 30 June 2020

17,936

23,511

642

42,089

At 30 June 2019

23,914

28,962

599

53,475

5.

DEBTORS

2020

2019

£

£

Amounts falling due within one year:

Trade debtors

46,832

100,829

Other debtors

43,371

-

90,203

100,829

Amounts falling due after more than one year:

Amounts owed by associates

195,581

191,581

Aggregate amounts

285,784

292,410

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade creditors

6,220

6,530

Taxation and social security

35,805

61,838

Other creditors

8,263

2,012

50,288

70,380

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2020

2019

£

£

Amounts owed to group undertakings

211,335

186,335