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
Tradefit Electrical and Security Ltd
Company Information
for the year ended 30 April 2023
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
Tradefit Electrical and Security Ltd
Statement of financial position
as at 30 April 2023
Tangible assets
5,699
8,819
Cash at bank and in hand
877
3,658
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)
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
Tradefit Electrical and Security Ltd
Notes to the Accounts
for the year ended 30 April 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
Computer equipment
25% cost
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 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.
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
At 30 April 2023
12,130
4,740
1,439
18,309
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
At 30 April 2023
1,535
3,034
1,130
5,699
At 30 April 2022
4,454
3,792
573
8,819
Amounts falling due within one year
Amounts falling due after more than one year
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
Taxes and social security
265
1,321
Loans from directors
5,958
-
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
249
1,190
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
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).