Company Registration No. 11823500 (England and Wales)
A5 TRADE SALES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023
PAGES FOR FILING WITH REGISTRAR
A5 TRADE SALES LIMITED
COMPANY INFORMATION
Director
E Biddle
Company number
11823500
Registered office
Unit 2B Riverside
Market Harborough
LE16 7PT
A5 TRADE SALES LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
A5 TRADE SALES LIMITED
BALANCE SHEET
AS AT
28 FEBRUARY 2023
28 February 2023
- 1 -
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
2
24,262
-
0
Current assets
Cash at bank and in hand
124,425
105,437
Creditors: amounts falling due within one year
3
(45,072)
(52,098)
Net current assets
79,353
53,339
Total assets less current liabilities
103,615
53,339
Capital and reserves
Called up share capital
4
1
1
Profit and loss reserves
103,614
53,338
Total equity
103,615
53,339

The director of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

Director's responsibilities:

 

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and signed by the director and authorised for issue on 27 November 2023
E Biddle
Director
Company Registration No. 11823500
A5 TRADE SALES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023
- 2 -
1
Accounting policies
Company information

A5 Trade Sales Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 2B Riverside, Market Harborough, LE16 7PT.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

A5 TRADE SALES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2023
- 3 -
2
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 March 2022
-
0
Additions
32,350
At 28 February 2023
32,350
Depreciation and impairment
At 1 March 2022
-
0
Depreciation charged in the year
8,088
At 28 February 2023
8,088
Carrying amount
At 28 February 2023
24,262
At 28 February 2022
-
0
3
Creditors: amounts falling due within one year
2022
£
£
Corporation tax
6,640
4,464
Other taxation and social security
1,870
-
0
Other creditors
36,562
47,634
45,072
52,098
4
Called up share capital
2022
£
£
Ordinary share capital
Authorised
100 Ordinary of £1 each
100
100
Issued and fully paid
1 Ordinary of £1 each
1
1
5
Operating lease commitments
Lessee
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