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Company Registration No. 08314109 (England and Wales)
Trade Vision (UK) Limited Unaudited accounts for the year ended 30 November 2021
Trade Vision (UK) Limited Unaudited accounts Contents
Page
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Trade Vision (UK) Limited Company Information for the year ended 30 November 2021
Directors
Mir Mahaboob Ali Mohammed Shaminul Islam
Company Number
08314109 (England and Wales)
Registered Office
7 Bell Yard London WC2A 2JR
Accountants
Easy Tax Services 6 Drylaw Green Edinburgh EH4 2AZ
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Trade Vision (UK) Limited Statement of financial position as at 30 November 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
404 
808 
Current assets
Inventories
48,560 
89,765 
Debtors
282,843 
173,970 
Cash at bank and in hand
93 
112,992 
331,496 
376,727 
Creditors: amounts falling due within one year
(211,284)
(252,132)
Net current assets
120,212 
124,595 
Total assets less current liabilities
120,616 
125,403 
Creditors: amounts falling due after more than one year
(46,661)
(50,000)
Provisions for liabilities
Deferred tax
(78)
(154)
Net assets
73,877 
75,249 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
73,777 
75,149 
Shareholders' funds
73,877 
75,249 
For the year ending 30 November 2021 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 August 2022 and were signed on its behalf by
Mir Mahaboob Ali Director Company Registration No. 08314109
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Trade Vision (UK) Limited Notes to the Accounts for the year ended 30 November 2021
1
Statutory information
Trade Vision (UK) Limited is a private company, limited by shares, registered in England and Wales, registration number 08314109. The registered office is 7 Bell Yard, London, WC2A 2JR.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets
Turnover
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 sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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
20%
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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.
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Trade Vision (UK) Limited Notes to the Accounts for the year ended 30 November 2021
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Presentation currency
The accounts are presented in £ sterling.
Foreign exchange
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.
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 December 2020
2,020 
At 30 November 2021
2,020 
Depreciation
At 1 December 2020
1,212 
Charge for the year
404 
At 30 November 2021
1,616 
Net book value
At 30 November 2021
404 
At 30 November 2020
808 
5
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
Trade debtors
125,000 
- 
Accrued income and prepayments
138,843 
154,270 
Other debtors
19,000 
19,700 
282,843 
173,970 
6
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
Bank loans and overdrafts
19,681 
14,269 
Trade creditors
155,357 
206,079 
Taxes and social security
27,951 
23,583 
Other creditors
8,295 
8,201 
211,284 
252,132 
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Trade Vision (UK) Limited Notes to the Accounts for the year ended 30 November 2021
7
Creditors: amounts falling due after more than one year
2021 
2020 
£ 
£ 
Bank loans
46,661 
50,000 
8
Average number of employees
During the year the average number of employees was 4 (2020: 3).
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