Company Registration No. 11324206 (England and Wales)
Troglo Ltd
Unaudited accounts
for the year ended 30 April 2023
Troglo Ltd
Unaudited accounts
Contents
Troglo Ltd
Company Information
for the year ended 30 April 2023
Directors
Christopher El Badaoui
Araxie Boyadjian
William James Gibbs
Randeep Singh Sidhu
Company Number
11324206 (England and Wales)
Registered Office
313 West Barnes Lane
New Malden
Surrey
KT3 6JE
United Kingdom
Accountants
The Accountancy Cloud
12-18 Hoxton Street
London
N1 6NG
UK
Troglo Ltd
Statement of financial position
as at 30 April 2023
Tangible assets
6,874
9,080
Cash at bank and in hand
155,136
977,408
Creditors: amounts falling due within one year
(43,679)
(12,474)
Net current assets
125,980
973,126
Net assets
132,854
982,206
Called up share capital
19
19
Share premium
1,696,831
1,696,831
Profit and loss account
(1,563,996)
(714,644)
Shareholders' funds
132,854
982,206
For the year ending 30 April 2023 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 directors acknowledge their 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 of Directors and authorised for issue on 29 June 2023 and were signed on its behalf by
Christopher El Badaoui
Director
Company Registration No. 11324206
Troglo Ltd
Notes to the Accounts
for the year ended 30 April 2023
Troglo Ltd is a private company, limited by shares, registered in England and Wales, registration number 11324206. The registered office is 313 West Barnes Lane, New Malden, Surrey, KT3 6JE, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
The accounts have been prepared on the assumption that the company is able to carry on business as a going concern for the foreseeable future.
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 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:
Computer equipment
33.33% Straight Line
Expenditure on research and development is written off in the year in which it is incurred.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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.
Troglo Ltd
Notes to the Accounts
for the year ended 30 April 2023
4
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Accrued income and prepayments
2,957
440
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
8,023
1,357
Taxes and social security
17,162
9,993
Other creditors
1,353
(2,504)
Loans from directors
(156)
1,352
Allotted, called up and fully paid:
1,899,787 Ordinary shares of £0.00001 each
18.99
18.99
Troglo Ltd
Notes to the Accounts
for the year ended 30 April 2023
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors' loans are interest-free and repayable on demand.
9
Average number of employees
During the year the average number of employees was 7 (2022: 6).
