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REGISTERED NUMBER: 11947321 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Trade Plastering Ltd

Trade Plastering Ltd (Registered number: 11947321)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Trade Plastering Ltd

Company Information
for the Year Ended 31 May 2023







DIRECTOR: M N Bhudia





REGISTERED OFFICE: 620 Kenton Lane
Harrow
Middlesex
HA3 7LG





REGISTERED NUMBER: 11947321 (England and Wales)





ACCOUNTANTS: Kallis LLP
Chartered Certified Accountant
22 Westward Way
Harrow
Middlesex
HA3 0SE

Trade Plastering Ltd (Registered number: 11947321)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,900 5,800
Tangible assets 5 25,930 34,574
28,830 40,374

CURRENT ASSETS
Debtors 6 77,987 80,398
Cash at bank 158,285 126,855
236,272 207,253
CREDITORS
Amounts falling due within one year 7 50,833 52,580
NET CURRENT ASSETS 185,439 154,673
TOTAL ASSETS LESS CURRENT
LIABILITIES

214,269

195,047

CREDITORS
Amounts falling due after more than one
year

8

30,505

49,127
NET ASSETS 183,764 145,920

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 183,664 145,820
SHAREHOLDERS' FUNDS 183,764 145,920

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

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

The director acknowledges his 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 Plastering Ltd (Registered number: 11947321)

Balance Sheet - continued
31 May 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 director and authorised for issue on 31 October 2023 and were signed by:





M N Bhudia - Director


Trade Plastering Ltd (Registered number: 11947321)

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

1. STATUTORY INFORMATION

Trade Plastering 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.

Goodwill
Purchased goodwill is initially recognised at cost. After recognition purchased goodwill is amortised over its expected useful life and measured at cost less accumulated amortisation.

Goodwill is considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceeds 5 years.

Tangible fixed assets
Tangible assets are initially recorded at cost,and are subsequently stated at cost less any accumulated depreciation and impairment losses.Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluationless any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated life

Motor vehicles - 25% on reducing balance
Tools & equipments - 25% on reducing balance

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 Plastering Ltd (Registered number: 11947321)

Notes to the Financial Statements - continued
for the Year Ended 31 May 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 1 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2022
and 31 May 2023 14,500
AMORTISATION
At 1 June 2022 8,700
Amortisation for year 2,900
At 31 May 2023 11,600
NET BOOK VALUE
At 31 May 2023 2,900
At 31 May 2022 5,800

Trade Plastering Ltd (Registered number: 11947321)

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

5. TANGIBLE FIXED ASSETS
Motor Tools &
vehicles equipment Totals
£    £    £   
COST
At 1 June 2022
and 31 May 2023 45,858 7,755 53,613
DEPRECIATION
At 1 June 2022 15,218 3,821 19,039
Charge for year 7,660 984 8,644
At 31 May 2023 22,878 4,805 27,683
NET BOOK VALUE
At 31 May 2023 22,980 2,950 25,930
At 31 May 2022 30,640 3,934 34,574

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 June 2022
and 31 May 2023 45,858
DEPRECIATION
At 1 June 2022 15,218
Charge for year 7,660
At 31 May 2023 22,878
NET BOOK VALUE
At 31 May 2023 22,980
At 31 May 2022 30,640

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 75,618 76,325
VAT - 1,290
Prepayments 2,369 2,783
77,987 80,398

Trade Plastering Ltd (Registered number: 11947321)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 8,621 8,621
Trade creditors 5,049 3,420
Tax 20,546 18,109
Social security and other taxes - 8,749
VAT 242 -
Directors' current accounts 3,612 1,368
Accrued expenses 2,763 2,313
50,833 52,580

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.23 31.5.22
£    £   
Bank loans - 2-5 years 20,832 30,833
Hire purchase contracts 9,673 18,294
30,505 49,127

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.23 31.5.22
value: £    £   
100 Ordinary 1 100 100