Registered number
10367234
Buy In Trade Limited
Filleted Accounts
31 March 2023
Buy In Trade Limited
Registered number: 10367234
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Current assets
Stocks 67,094 32,094
Cash at bank and in hand 14,597 58,766
81,691 90,860
Creditors: amounts falling due within one year 3 (11,481) (17,946)
Net current assets 70,210 72,914
Total assets less current liabilities 70,210 72,914
Creditors: amounts falling due after more than one year 4 (30,478) (41,126)
Net assets 39,732 31,788
Capital and reserves
Called up share capital 100 100
Profit and loss account 39,632 31,688
Shareholder's funds 39,732 31,788
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Venkata Krishna Yadlapalli
Director
Approved by the board on 21 December 2023
Buy In Trade Limited
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 7,674 11,948
Director loan 938 938
Taxation and social security costs 2,719 4,910
Other creditors 150 150
11,481 17,946
4 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 30,478 41,126
5 Other information
Buy In Trade Limited is a private company limited by shares and incorporated in England. Its registered office is:
Hastingwood Industrial Park
Wood Lane
Erdington
Birmingham
B24 9QR
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