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Company Registration No. 11940190 (England and Wales)
Tradefit Electrical and Security Ltd Unaudited accounts for the year ended 30 April 2023
Tradefit Electrical and Security Ltd Unaudited accounts Contents
Page
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Tradefit Electrical and Security Ltd Company Information for the year ended 30 April 2023
Director
Mrs A G Cook
Company Number
11940190 (England and Wales)
Registered Office
4 Monic Avenue Hessle East Yorkshire HU13 9EP England
Accountants
Kendall Accountancy Services Limited 2 Exeter Street New Village Road Cottingham East Yorkshire HU16 4LU
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Tradefit Electrical and Security Ltd Statement of financial position as at 30 April 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,699 
8,819 
Current assets
Debtors
9,633 
4,739 
Cash at bank and in hand
877 
3,658 
10,510 
8,397 
Creditors: amounts falling due within one year
(9,281)
(4,914)
Net current assets
1,229 
3,483 
Total assets less current liabilities
6,928 
12,302 
Creditors: amounts falling due after more than one year
(3,932)
(6,573)
Net assets
2,996 
5,729 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
2,994 
5,727 
Shareholders' funds
2,996 
5,729 
For the year ending 30 April 2023 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 director acknowledges her 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 and authorised for issue on 17 October 2023 and were signed on its behalf by
Mrs A G Cook Director Company Registration No. 11940190
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Tradefit Electrical and Security Ltd Notes to the Accounts for the year ended 30 April 2023
1
Statutory information
Tradefit Electrical and Security Ltd is a private company, limited by shares, registered in England and Wales, registration number 11940190. The registered office is 4 Monic Avenue, Hessle, East Yorkshire, HU13 9EP, England.
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.
Presentation currency
The accounts are presented in £ sterling.
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:
Plant & machinery
25% cost
Motor vehicles
20% wdv
Computer equipment
25% cost
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Deferred taxation
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.
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Tradefit Electrical and Security Ltd Notes to the Accounts for the year ended 30 April 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 May 2022
12,020 
4,740 
608 
17,368 
Additions
110 
- 
831 
941 
At 30 April 2023
12,130 
4,740 
1,439 
18,309 
Depreciation
At 1 May 2022
7,566 
948 
35 
8,549 
Charge for the year
3,029 
758 
274 
4,061 
At 30 April 2023
10,595 
1,706 
309 
12,610 
Net book value
At 30 April 2023
1,535 
3,034 
1,130 
5,699 
At 30 April 2022
4,454 
3,792 
573 
8,819 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
4,712 
4,739 
Amounts falling due after more than one year
Other debtors
4,921 
- 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
1,700 
1,700 
Obligations under finance leases and hire purchase contracts
941 
855 
Trade creditors
417 
33 
Taxes and social security
265 
1,321 
Other creditors
- 
380 
Loans from directors
5,958 
- 
Accruals
- 
625 
9,281 
4,914 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
3,683 
5,383 
Obligations under finance leases and hire purchase contracts
249 
1,190 
3,932 
6,573 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
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Tradefit Electrical and Security Ltd Notes to the Accounts for the year ended 30 April 2023
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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