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REGISTERED NUMBER: 07058227 (England and Wales)















TRADE FIT 4 U LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






TRADE FIT 4 U LIMITED (REGISTERED NUMBER: 07058227)






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


TRADE FIT 4 U LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: J Wisker
A Wisker
Mrs R A Wisker





REGISTERED OFFICE: 124 Maple leaf Business Park
Manston
Ramsgate
Kent
CT12 5GY





REGISTERED NUMBER: 07058227 (England and Wales)





ACCOUNTANTS: Spurling Cannon
Chartered Certified Accountants
424 Margate Road
Westwood
Ramsgate
Kent
CT12 6SJ

TRADE FIT 4 U LIMITED (REGISTERED NUMBER: 07058227)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 107,642 70,512
107,642 70,512

CURRENT ASSETS
Stocks 43,269 36,829
Debtors 6 731,851 573,692
Cash at bank 8 4
775,128 610,525
CREDITORS
Amounts falling due within one year 7 (403,383 ) (220,585 )
NET CURRENT ASSETS 371,745 389,940
TOTAL ASSETS LESS CURRENT
LIABILITIES

479,387

460,452

CREDITORS
Amounts falling due after more than one year 8 (311,662 ) (348,819 )
NET ASSETS 167,725 111,633

CAPITAL AND RESERVES
Called up share capital 103 103
Retained earnings 167,622 111,530
SHAREHOLDERS' FUNDS 167,725 111,633

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.

TRADE FIT 4 U LIMITED (REGISTERED NUMBER: 07058227)

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 3 November 2023 and were signed on its behalf by:





A Wisker - Director


TRADE FIT 4 U LIMITED (REGISTERED NUMBER: 07058227)

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

1. STATUTORY INFORMATION

Trade Fit 4 U 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
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


TRADE FIT 4 U LIMITED (REGISTERED NUMBER: 07058227)

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

2. ACCOUNTING POLICIES - continued
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.

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 9 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 15,000
AMORTISATION
At 1 April 2022
and 31 March 2023 15,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

TRADE FIT 4 U LIMITED (REGISTERED NUMBER: 07058227)

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

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 18,727 129,189 2,956 150,872
Additions 42,995 58,750 6,682 108,427
Disposals - (48,954 ) - (48,954 )
At 31 March 2023 61,722 138,985 9,638 210,345
DEPRECIATION
At 1 April 2022 16,750 61,792 1,818 80,360
Charge for year 10,269 22,358 1,955 34,582
Eliminated on disposal - (12,239 ) - (12,239 )
At 31 March 2023 27,019 71,911 3,773 102,703
NET BOOK VALUE
At 31 March 2023 34,703 67,074 5,865 107,642
At 31 March 2022 1,977 67,397 1,138 70,512

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 394,091 369,885
Other debtors 337,760 203,807
731,851 573,692

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 25,662 1,251
Hire purchase contracts 12,020 9,959
Trade creditors 198,946 48,672
Taxation and social security 51,016 63,445
Other creditors 115,739 97,258
403,383 220,585

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 23,681 23,647
Other creditors 287,981 325,172
311,662 348,819