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REGISTERED NUMBER: 04544567 (England and Wales)















FARETRADE LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023






FARETRADE LIMITED (REGISTERED NUMBER: 04544567)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FARETRADE LIMITED

COMPANY INFORMATION
for the year ended 30 September 2023







DIRECTORS: Mr P A Stone Esq.
Mr C P Bray Esq.



SECRETARY: Hudson Secretarial Services Limited



REGISTERED OFFICE: 361 Rayleigh Road
Eastwood
Leigh-on-Sea
Essex
SS9 5PS



REGISTERED NUMBER: 04544567 (England and Wales)



ACCOUNTANTS: The Hudson Partnership
Chartered Certified Accountants
361 Rayleigh Road
Eastwood
Leigh-on-Sea
Essex
SS9 5PS



BANKERS: Lloyds TSB Bank Plc
Basildon Branch
14-20 Town Square
Basildon
Essex
SS14 1DU

FARETRADE LIMITED (REGISTERED NUMBER: 04544567)

BALANCE SHEET
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 4,610 4,940

CURRENT ASSETS
Debtors 4 224,703 139,897
Cash at bank and in hand 612,242 798,467
836,945 938,364
CREDITORS
Amounts falling due within one year 5 45,601 170,696
NET CURRENT ASSETS 791,344 767,668
TOTAL ASSETS LESS CURRENT
LIABILITIES

795,954

772,608

PROVISIONS FOR LIABILITIES 6 876 938
NET ASSETS 795,078 771,670

CAPITAL AND RESERVES
Called up share capital 7 10,005 10,005
Retained earnings 785,073 761,665
SHAREHOLDERS' FUNDS 795,078 771,670

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

FARETRADE LIMITED (REGISTERED NUMBER: 04544567)

BALANCE SHEET - continued
30 September 2023


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 20 February 2024 and were signed on its behalf by:




Mr C P Bray Esq. - Director



Mr P A Stone Esq. - Director


FARETRADE LIMITED (REGISTERED NUMBER: 04544567)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 September 2023

1. 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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

FARETRADE LIMITED (REGISTERED NUMBER: 04544567)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2023

3. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2022 6,390 2,083 24,072 32,545
Additions - - 1,060 1,060
At 30 September 2023 6,390 2,083 25,132 33,605
DEPRECIATION
At 1 October 2022 5,542 260 21,803 27,605
Charge for year 722 456 212 1,390
At 30 September 2023 6,264 716 22,015 28,995
NET BOOK VALUE
At 30 September 2023 126 1,367 3,117 4,610
At 30 September 2022 848 1,823 2,269 4,940

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 136,841 29,712
Amounts owed by participating interests 81,794 104,337
Other debtors 6,068 5,848
224,703 139,897

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors (78,471 ) 62,639
Taxation and social security 110,935 97,553
Other creditors 13,137 10,504
45,601 170,696

6. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 876 938

Deferred
tax
£   
Balance at 1 October 2022 938
Provided during year (62 )
Balance at 30 September 2023 876

FARETRADE LIMITED (REGISTERED NUMBER: 04544567)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2023

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
10,000 "A" Ordinary £1 10,000 10,000
4 "B" Ordinary £1 4 4
1 "C" Ordinary £1 1 1
10,005 10,005

8. RELATED PARTY DISCLOSURES

At the balance sheet date, Faretrade Limited owed director Mr C P Bray £4,469(2022: £3,152) and director Mr P A Stone £4,469(2022: £3,152). These amounts are included in other creditors.

Mr C P Bray & Mr P A Stone have received dividend of £85,594 from Faretrade B.V. & balance due from Faretrade B.V. is £81,794 for the year.