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REGISTERED NUMBER: 04012477 (England and Wales)
















Financial Statements for the Year Ended 31 December 2021

for

Tradestock Limited

Tradestock Limited (Registered number: 04012477)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Tradestock Limited

Company Information
for the Year Ended 31 December 2021







DIRECTORS: D J Babington
K Nye
D Whitney





REGISTERED OFFICE: Poole Works
Wellington
Somerset
TA219HW





REGISTERED NUMBER: 04012477 (England and Wales)





ACCOUNTANTS: Plunkett Yates Limited
7 Southernhay West
Exeter
Devon
EX1 1JG

Tradestock Limited (Registered number: 04012477)

Balance Sheet
31 December 2021

31.12.21 31.12.20
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 37,137 53,689
Tangible assets 5 144,272 176,336
181,409 230,025

CURRENT ASSETS
Stocks 1,266,368 961,017
Debtors 6 2,782,479 2,290,047
Cash at bank and in hand 12,220 188,164
4,061,067 3,439,228
CREDITORS
Amounts falling due within one year 7 2,560,491 2,235,489
NET CURRENT ASSETS 1,500,576 1,203,739
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,681,985

1,433,764

CREDITORS
Amounts falling due after more than one
year

8

(251,966

)

(1,966

)

PROVISIONS FOR LIABILITIES (7,459 ) (12,118 )
NET ASSETS 1,422,560 1,419,680

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,422,558 1,419,678
1,422,560 1,419,680

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Tradestock Limited (Registered number: 04012477)

Balance Sheet - continued
31 December 2021


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 Board of Directors and authorised for issue on 8 September 2022 and were signed on its behalf by:





K Nye - Director


Tradestock Limited (Registered number: 04012477)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

Tradestock 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.

Goodwill
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:-

Goodwill-5% - 10% straight line
Patents-33% straight line

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Short leasehold - straight line over the life of the lease
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Tradestock Limited (Registered number: 04012477)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 29 (2020 - 33 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and
Goodwill licences Totals
£    £    £   
COST
At 1 January 2021 218,248 193,741 411,989
Additions - 3,005 3,005
At 31 December 2021 218,248 196,746 414,994
AMORTISATION
At 1 January 2021 174,216 184,084 358,300
Amortisation for year 12,444 7,113 19,557
At 31 December 2021 186,660 191,197 377,857
NET BOOK VALUE
At 31 December 2021 31,588 5,549 37,137
At 31 December 2020 44,032 9,657 53,689

5. TANGIBLE FIXED ASSETS
Freehold Short Plant and
property leasehold machinery
£    £    £   
COST
At 1 January 2021 25,878 30,711 374,157
Additions - - 630
At 31 December 2021 25,878 30,711 374,787
DEPRECIATION
At 1 January 2021 - 28,066 273,717
Charge for year - 497 18,451
At 31 December 2021 - 28,563 292,168
NET BOOK VALUE
At 31 December 2021 25,878 2,148 82,619
At 31 December 2020 25,878 2,645 100,440

Tradestock Limited (Registered number: 04012477)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2021 88,766 225,173 744,685
Additions - 2,372 3,002
At 31 December 2021 88,766 227,545 747,687
DEPRECIATION
At 1 January 2021 57,220 209,346 568,349
Charge for year 7,886 8,232 35,066
At 31 December 2021 65,106 217,578 603,415
NET BOOK VALUE
At 31 December 2021 23,660 9,967 144,272
At 31 December 2020 31,546 15,827 176,336

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Trade debtors 2,128,113 1,570,592
Other debtors 654,366 719,455
2,782,479 2,290,047

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Bank loans and overdrafts 535,266 847,207
Hire purchase contracts - 12,633
Trade creditors 718,821 753,481
Taxation and social security 494,973 347,051
Other creditors 811,431 275,117
2,560,491 2,235,489

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.21 31.12.20
£    £   
Bank loans 250,000 -
Hire purchase contracts 1,966 1,966
251,966 1,966

Tradestock Limited (Registered number: 04012477)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.21 31.12.20
£    £   
Bank loans 780,137 827,054
Hire purchase contracts 1,966 14,599
782,103 841,653

HSBC has a fixed and floating charges over all the assets and undertakings of Tradestock Ltd.

Hire purchase liabilities are secured over the assets in which they relate to.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in Other debtors is an amount due from a director of £318,754 (2020: £327,519). Interest was charged on overdrawn balances at 2.25% to 5 April 2021 and 2% thereon.

11. RELATED PARTY DISCLOSURES

Included in debtors is an amount due from Wilscombe Limited, a company under common control of the director, Mr D J Babington, of £240,719 (2020: £285,918).

12. ULTIMATE CONTROLLING PARTY

The controlling party is D J Babington.