Trident Tax Ltd Filleted accounts for Companies House (small and micro)
Trident Tax Ltd Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
06945474
|
|
|
|
Abridged Statement of Financial Position |
2021 |
2020 |
||
Note |
£ |
£ |
£ |
Fixed assets
Tangible assets |
5 |
|
|
|
Current assets
Stocks |
|
|
|
Debtors |
|
|
|
Cash at bank and in hand |
|
|
|
------------ |
--------- |
||
|
|
||
Creditors: amounts falling due within one year |
|
|
|
------------ |
--------- |
||
Net current assets |
|
|
|
------------ |
--------- |
||
Total assets less current liabilities |
|
|
|
Provisions
Taxation including deferred tax |
|
– |
|
------------ |
--------- |
||
Net assets |
|
|
|
------------ |
--------- |
||
Capital and reserves
Called up share capital |
|
|
|
Profit and loss account |
|
|
|
------------ |
--------- |
||
Shareholders funds |
|
|
|
------------ |
--------- |
||
In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476
;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
.
|
Abridged Statement of Financial Position (continued) |
These abridged financial statements were approved by the
board of directors
and authorised for issue on
6 September 2022
, and are signed on behalf of the board by:
|
|
Director |
|
Company registration number:
06945474
|
Notes to the Abridged Financial Statements |
Year ended 31 December 2021
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 25 Bedford Square, London, WC1B 3HH.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Revenue recognition
Corporation tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Website |
- |
|
|
Fixtures and Fittings |
- |
|
|
Office Equipment |
- |
33% reducing balance |
|
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Provisions
Financial instruments
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
10
(2020:
9
).
5.
Tangible assets
£ |
|
Cost |
|
At 1 January 2021 |
|
Additions |
|
-------- |
|
At 31 December 2021 |
|
-------- |
|
Depreciation |
|
At 1 January 2021 |
|
Charge for the year |
|
-------- |
|
At 31 December 2021 |
|
-------- |
|
Carrying amount |
|
At 31 December 2021 |
5,589 |
-------- |
|
At 31 December 2020 |
3,630 |
-------- |
|
6.
Related party transactions
The company was under the joint control of Mr
A Kennedy
and Mrs G Kennedy throughout the current and previous year. There is an intercompany loan with a balance outstanding to Trident Tax Limited of £225,750 (2020 - £236,667) due from Griffin Walker Limited. Interest has been charged on this loan at a rate of 5%. Mr A Kennedy
and Mrs G Kennedy each own one third of this company.