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Company Registration No. 09130477 (England and Wales)
Fast Trading Limited Unaudited accounts for the year ended 31 July 2023
Fast Trading Limited Unaudited accounts Contents
Page
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Fast Trading Limited Company Information for the year ended 31 July 2023
Director
L Winter
Company Number
09130477 (England and Wales)
Registered Office
9 Ensign Way Littlehampton West Sussex BN17 6RQ
Accountants
G Schulz & Company Ltd Chartered Management Accountants G W Schulz FCMA CGMA 3 Lane Close Horsham, West Sussex RH12 3UF
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Fast Trading Limited Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Inventories
7,568 
6,313 
Debtors
2,500 
2,500 
Cash at bank and in hand
655 
2,945 
10,723 
11,758 
Creditors: amounts falling due within one year
(58,390)
(25,728)
Net current liabilities
(47,667)
(13,970)
Net liabilities
(47,667)
(13,970)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(47,668)
(13,971)
Shareholders' funds
(47,667)
(13,970)
For the year ending 31 July 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 her 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 12 April 2024 and were signed on its behalf by
L Winter Director Company Registration No. 09130477
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Fast Trading Limited Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
Fast Trading Limited is a private company, limited by shares, registered in England and Wales, registration number 09130477. The registered office is 9 Ensign Way, Littlehampton, West Sussex, BN17 6RQ .
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
4
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
2,500 
2,500 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
3,255 
- 
VAT
5,361 
6,171 
Taxes and social security
(3,072)
3,807 
Other creditors
1,852 
3,132 
Loans from directors
50,594 
12,218 
Accruals
400 
400 
58,390 
25,728 
6
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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