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Registered Number: 12313235


 

 

 

AUTHENTIC TRADE LTD


Abridged Accounts
 


Period of accounts

Start date: 01 December 2020

End date: 30 November 2021
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of AUTHENTIC TRADE LTD for the year ended 30 November 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of AUTHENTIC TRADE LTD for the year ended 30 November 2021 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity 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, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance
This report is made solely to the Board of Directors of AUTHENTIC TRADE LTD , as a body, in accordance with the terms of our engagement letter dated 19 January 2022. Our work has been undertaken solely to prepare for your approval the accounts of AUTHENTIC TRADE LTD and state those matters that we have agreed to state to the Board of Directors of AUTHENTIC TRADE LTD , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than AUTHENTIC TRADE LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that AUTHENTIC TRADE LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of AUTHENTIC TRADE LTD . You consider that AUTHENTIC TRADE LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of AUTHENTIC TRADE LTD . 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 accounts
30 November 2021



....................................................
Boffix & Co Accountancy Limited
St Alban Tower
Wood Street
London
EC2V 7AF
19 January 2022
1
 
 
Notes
 
2021
£
  2020
£
Current assets      
Stocks 14,000    12,000 
Debtors 1,122    3,245 
Cash at bank and in hand 18,299    1,269 
33,421    16,514 
Creditors: amount falling due within one year (32,804)   (3,284)
Net current assets 617    13,230 
 
Total assets less current liabilities 617    13,230 
Creditors: amount falling due after more than one year   (6,971)
Net assets 617    6,259 
 

Capital and reserves
     
Called up share capital 1    1 
Profit and loss account 616    6,258 
Shareholder's funds 617    6,259 
 


For the year ended 30 November 2021 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts.
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 the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 19 January 2022 and were signed by:


--------------------------------
Melvin Bernardino
Director
2
General Information
AUTHENTIC TRADE LTD is a private company, limited by shares, registered in , registration number 12313235, registration address FLAT 1 8 OXFORD ROAD NORTH, CHISWICK LONDON, , W4 4DN

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 1 (2020 : 1).
3.

Share Capital

Allotted, called up and fully paid
2021
£
  2020
£
1 Class A share of £1.00 each  
 

3