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Registered Number: 11086758
England and Wales

 

 

 

STYLE TRADE LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 December 2022

End date: 30 November 2023
Report to the directors on the preparation of the unaudited statutory accounts of Style Trade Limited for the year ended 30 November 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Style Trade Limited for the year ended 30 November 2023 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys accounting records and from information and explanations you have given us
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
This report is made solely to the Board of Directors of Style Trade Limited, as a body, in accordance with the terms of our engagement letter dated 05 February 2024 Our work has been undertaken solely to prepare for your approval the accounts of Style Trade Limited and state those matters that we have agreed to state to the Board of Directors of Style Trade Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Style Trade Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Style Trade Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Style Trade Limited. You consider that Style Trade Limited is exempt from the statutory audit requirement for the year We have not been instructed to carry out an audit or a review of the accounts of Style Trade Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.



....................................................
Frederick Martin O'BRIEN
JGTAX LLP
30 Churchill Place
Canary Wharf
London
E14 5RE
05 February 2024
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 21,857    5,607 
21,857    5,607 
Current assets      
Stocks 698,447    600,877 
Debtors: amounts falling due within one year 119,429    149,290 
Cash at bank and in hand 15,451    (115,021)
833,327    635,146 
Creditors: amount falling due within one year (501,304)   (308,115)
Net current assets 332,023    327,031 
 
Total assets less current liabilities 353,880    332,638 
Creditors: amount falling due after more than one year (102,354)   (120,833)
Net assets 251,526    211,805 
 

Capital and reserves
     
Called up share capital 4 100    100 
Profit and loss account 251,426    211,705 
Shareholder's funds 251,526    211,805 
 


For the year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 05 February 2024 and were signed by:


-------------------------------
Zhihao Zha
Director
2
General Information
Style Trade Limited is a private company, limited by shares, registered in England and Wales, registration number 11086758, registration address Second Floor Berkeley Square House, Berkeley Square, London, W1J 6BD.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
The companys liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 3 years Reducing Balance
Computer Equipment 4 years 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 7 (2022 : 4).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Computer Equipment   Total
  £   £   £
At 01 December 2022 999    8,420    9,419 
Additions 15,995    2,856    18,851 
Disposals    
At 30 November 2023 16,994    11,276    28,270 
Depreciation
At 01 December 2022 437    3,375    3,812 
Charge for year 761    1,840    2,601 
On disposals    
At 30 November 2023 1,198    5,215    6,413 
Net book values
Closing balance as at 30 November 2023 15,796    6,061    21,857 
Opening balance as at 01 December 2022 562    5,045    5,607 


4.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
100 Class A shares of £1.00 each 100    100 
100    100 

3