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UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

TDK TRADEFRAMES LTD

TDK TRADEFRAMES LTD (REGISTERED NUMBER: 10259553)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TDK TRADEFRAMES LTD

COMPANY INFORMATION
For The Year Ended 31 July 2023







DIRECTORS: Mr T Pickering
Mrs C Pickering





REGISTERED OFFICE: 49 Leigh Road
Wimborne
Dorset
BH21 1AE





REGISTERED NUMBER: 10259553 (England and Wales)






TDK TRADEFRAMES LTD (REGISTERED NUMBER: 10259553)

BALANCE SHEET
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,264 16,931

CURRENT ASSETS
Stocks 74,980 39,130
Debtors 5 216,936 291,729
Cash at bank and in hand 62,355 110,655
354,271 441,514
CREDITORS
Amounts falling due within one year 6 219,498 307,834
NET CURRENT ASSETS 134,773 133,680
TOTAL ASSETS LESS CURRENT
LIABILITIES

147,037

150,611

CREDITORS
Amounts falling due after more than one year 7 (53,629 ) (56,667 )

PROVISIONS FOR LIABILITIES (1,989 ) (2,801 )
NET ASSETS 91,419 91,143

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 91,319 91,043
SHAREHOLDERS' FUNDS 91,419 91,143

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

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 13 November 2023 and were signed on its behalf by:





Mr T Pickering - Director


TDK TRADEFRAMES LTD (REGISTERED NUMBER: 10259553)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 July 2023

1. STATUTORY INFORMATION

TDK Tradeframes 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.
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

TDK TRADEFRAMES LTD (REGISTERED NUMBER: 10259553)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 July 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 August 2022
and 31 July 2023 12,681 43,110 55,791
DEPRECIATION
At 1 August 2022 10,013 28,847 38,860
Charge for year 1,101 3,566 4,667
At 31 July 2023 11,114 32,413 43,527
NET BOOK VALUE
At 31 July 2023 1,567 10,697 12,264
At 31 July 2022 2,668 14,263 16,931


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 156,815 243,736
Amounts owed by associates 49,556 38,120
Other debtors 10,565 9,873
216,936 291,729

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 20,000 20,000
Hire purchase contracts - 2,332
Trade creditors 153,029 207,754
Amounts owed to associates - 12,816
Taxation and social security 21,201 28,509
Other creditors 25,268 36,423
219,498 307,834

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 36,667 56,667
Other creditors 16,962 -
53,629 56,667

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
80 Ordinary A £1 80 80
20 Ordinary B £1 20 20
100 100

TDK TRADEFRAMES LTD (REGISTERED NUMBER: 10259553)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 July 2023

9. OTHER FINANCIAL COMMITMENTS

The total commitments, guarantees and contingencies at 31 July 2023 amount to £80,717 (2022: £12,187)