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REGISTERED NUMBER: 13384295 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2023

for

TRADING REPUBLIC LIMITED

TRADING REPUBLIC LIMITED (REGISTERED NUMBER: 13384295)

Contents of the Financial Statements
for the Year Ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TRADING REPUBLIC LIMITED

Company Information
for the Year Ended 31 March 2023







DIRECTORS: H C V Ferriby
R S Linch
C R L Phillips
R D Phillips





REGISTERED OFFICE: 167-169 Great Portland Street
5th Floor
London
W1W 5PF





REGISTERED NUMBER: 13384295 (England and Wales)





ACCOUNTANTS: Hooper & Co (Financial Management) Limited
166 High Street
Kelvedon
Colchester
Essex
CO5 9JD

TRADING REPUBLIC LIMITED (REGISTERED NUMBER: 13384295)

Balance Sheet
31 March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 13,414 22,387

CURRENT ASSETS
Stocks 3,941 5,246
Debtors 5 12,701 7,255
Cash at bank and in hand 6,362 22,437
23,004 34,938
CREDITORS
Amounts falling due within one year 6 (51,837 ) (49,252 )
NET CURRENT LIABILITIES (28,833 ) (14,314 )
TOTAL ASSETS LESS CURRENT LIABILITIES (15,419 ) 8,073

CREDITORS
Amounts falling due after more than one
year

7

(20,349

)

(30,423

)
NET LIABILITIES (35,768 ) (22,350 )

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (36,768 ) (23,350 )
(35,768 ) (22,350 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

TRADING REPUBLIC LIMITED (REGISTERED NUMBER: 13384295)

Balance Sheet - continued
31 March 2023


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 6 October 2023 and were signed on its behalf by:





R S Linch - Director


TRADING REPUBLIC LIMITED (REGISTERED NUMBER: 13384295)

Notes to the Financial Statements
for the Year Ended 31 March 2023


1. STATUTORY INFORMATION

Trading Republic 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - at varying rates on cost
Plant and machinery etc - 25% 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.

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.

TRADING REPUBLIC LIMITED (REGISTERED NUMBER: 13384295)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


2. ACCOUNTING POLICIES - continued

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 13 (2022 - 11 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 14,764 12,522 27,286
Additions - 1,875 1,875
Disposals - (8,575 ) (8,575 )
At 31 March 2023 14,764 5,822 20,586
DEPRECIATION
At 1 April 2022 1,768 3,131 4,899
Charge for year 2,961 1,456 4,417
Eliminated on disposal - (2,144 ) (2,144 )
At 31 March 2023 4,729 2,443 7,172
NET BOOK VALUE
At 31 March 2023 10,035 3,379 13,414
At 31 March 2022 12,996 9,391 22,387

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,472 1,638
Other debtors 9,229 5,617
12,701 7,255

TRADING REPUBLIC LIMITED (REGISTERED NUMBER: 13384295)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 121
Trade creditors 3,705 20,773
Taxation and social security 18,123 3,103
Other creditors 30,009 25,255
51,837 49,252

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors 20,349 30,423

8. RELATED PARTY DISCLOSURES

During the year, the company made sales of £51,826, purchases of £142,614 and advanced loans of £30,423 to companies in which the Directors have a controlling interest.

At the year-end, £24,756 was owed to the company.