Company Registration No. 08359140 (England and Wales)
BULLION TRADING LTD
Unaudited accounts
for the period from 1 February 2022 to 31 May 2023
BULLION TRADING LTD
Unaudited accounts
Contents
BULLION TRADING LTD
Company Information
for the period from 1 February 2022 to 31 May 2023
Company Number
08359140 (England and Wales)
Registered Office
2ND FLOOR, 2 ALEXANDRA TERRACE
ALEXANDRA ROAD
ALDERSHOT
HAMPSHIRE
GU11 3HU
UNITED KINGDOM
Accountants
Asmita & Associates Ltd
114-116 Plumstead High Street
Plumstead
London
SE18 1SJ
BULLION TRADING LTD
Statement of financial position
as at 31 May 2023
Tangible assets
1,239
1,690
Investment property
80,142
-
Cash at bank and in hand
3,809
17,178
Creditors: amounts falling due within one year
(104,396)
(74,962)
Net current liabilities
(100,587)
(3,446)
Total assets less current liabilities
(19,206)
(1,756)
Creditors: amounts falling due after more than one year
(17,170)
(21,667)
Net liabilities
(36,376)
(23,423)
Called up share capital
1
1
Profit and loss account
(36,377)
(23,424)
Shareholders' funds
(36,376)
(23,423)
For the period ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts 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 FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 February 2024 and were signed on its behalf by
Prabesh KC
Director
Company Registration No. 08359140
BULLION TRADING LTD
Notes to the Accounts
for the period from 1 February 2022 to 31 May 2023
BULLION TRADING LTD is a private company, limited by shares, registered in England and Wales, registration number 08359140. The registered office is 2ND FLOOR, 2 ALEXANDRA TERRACE, ALEXANDRA ROAD, ALDERSHOT, HAMPSHIRE, GU11 3HU, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance basis
Motor vehicles
20% reducing balance basis
Computer equipment
20% reducing balance basis
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 February 2022
3,480
11,700
1,908
17,088
At 31 May 2023
3,480
11,700
1,908
17,088
At 1 February 2022
3,280
10,836
1,282
15,398
Charge for the period
53
231
167
451
At 31 May 2023
3,333
11,067
1,449
15,849
At 31 May 2023
147
633
459
1,239
At 31 January 2022
200
864
626
1,690
BULLION TRADING LTD
Notes to the Accounts
for the period from 1 February 2022 to 31 May 2023
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2023
2022
Other creditors
66,655
30,283
Loans from directors
37,619
44,649
8
Creditors: amounts falling due after more than one year
2023
2022
9
Transactions with related parties
The director loan includes credit balance of £37,619, (2022: £44,649) on which no interest has been charged to the company. This is repayable on demand. There is no security held by the director against the loan.
10
Average number of employees
During the period the average number of employees was 0 (2022: 0).