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REGISTERED NUMBER: 13135270 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

FOR

ASD TRADING GROUP LTD

ASD TRADING GROUP LTD (REGISTERED NUMBER: 13135270)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


ASD TRADING GROUP LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTOR: Ms R A Hopkins





REGISTERED OFFICE: Unit 3 Waterloo Trade Park
Cleveland Street
Hull
HU8 7AU





REGISTERED NUMBER: 13135270 (England and Wales)





ACCOUNTANTS: Majors Limited
F15 The Bloc
38 Springfield Way
Anlaby
Hull
E. Yorks
HU10 6RJ

ASD TRADING GROUP LTD (REGISTERED NUMBER: 13135270)

BALANCE SHEET
31 JANUARY 2023

2023 2022 2021
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 28,722 40,287 -

CURRENT ASSETS
Stocks 305,620 185,000 -
Debtors 5 41,439 29,491 -
Cash at bank and in hand 39,843 2,039 -
386,902 216,530 -
CREDITORS
Amounts falling due within one year 6 (454,390 ) (346,273 ) -
NET CURRENT LIABILITIES (67,488 ) (129,743 ) -
TOTAL ASSETS LESS CURRENT
LIABILITIES

(38,766

)

(89,456

)

-

CREDITORS
Amounts falling due after more than
one year

7

(20,860

)

-

-

PROVISIONS FOR LIABILITIES (5,457 ) - -
NET LIABILITIES (65,083 ) (89,456 ) -

ASD TRADING GROUP LTD (REGISTERED NUMBER: 13135270)

BALANCE SHEET - continued
31 JANUARY 2023

2023 2022 2021
Notes £    £    £   
CAPITAL AND RESERVES
Called up share capital 1,000 1,000 -
Retained earnings (66,083 ) (90,456 ) -
SHAREHOLDERS' FUNDS (65,083 ) (89,456 ) -

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 director and authorised for issue on 4 September 2023 and were signed by:





Ms R A Hopkins - Director


ASD TRADING GROUP LTD (REGISTERED NUMBER: 13135270)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1. STATUTORY INFORMATION

Asd Trading Group Ltd 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.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Equipment - 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.

ASD TRADING GROUP LTD (REGISTERED NUMBER: 13135270)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

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 5 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2022 53,716
Additions 9,154
Disposals (12,200 )
Reclassification/transfer 84
At 31 January 2023 50,754
DEPRECIATION
At 1 February 2022 13,429
Charge for year 12,153
Eliminated on disposal (3,550 )
At 31 January 2023 22,032
NET BOOK VALUE
At 31 January 2023 28,722
At 31 January 2022 40,287

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 28,993 (6,954 )
Other debtors 6,760 7,389
Taxation and Social Security - 126
VAT - 28,930
Prepayments and accrued income 5,686 -
41,439 29,491

ASD TRADING GROUP LTD (REGISTERED NUMBER: 13135270)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 15,114
Other loans 36,408 -
Trade creditors 45,726 (80,070 )
Social security and other taxes 10,151 -
VAT 2,628 -
Other creditors 26,985 16,533
Directors' current accounts 330,037 394,696
Accrued expenses 2,455 -
454,390 346,273

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Other loans - 1-2 years 4,579 -
Other loans - 2-5 years 16,281 -
20,860 -