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REGISTERED NUMBER: 07491504 (England and Wales)















Audited Financial Statements for the Year Ended 31 March 2023

for

The Disability Trading Company Limited

The Disability Trading Company Limited (Registered number: 07491504)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


The Disability Trading Company Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: D R Jones
J Boyd
P ffrench
W J Bradley
A J Stevenson
E C MacDonald



REGISTERED OFFICE: Centre for Independent Living
Beaufort Street
Warrington
Cheshire
WA5 1BA



REGISTERED NUMBER: 07491504 (England and Wales)



SENIOR STATUTORY AUDITOR: Janine Boyo BFP ACA MAAT



AUDITORS: Voisey & Co LLP
8 Winmarleigh Street
Warrington
Cheshire
WA1 1JW

The Disability Trading Company Limited (Registered number: 07491504)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 71,675 87,528

CURRENT ASSETS
Stocks 299,303 237,467
Debtors 5 159,603 126,901
Cash at bank and in hand 65,749 89,825
524,655 454,193
CREDITORS
Amounts falling due within one year 6 558,626 487,583
NET CURRENT LIABILITIES (33,971 ) (33,390 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

37,704

54,138

CREDITORS
Amounts falling due after more than one year 7 27,500 45,000
NET ASSETS 10,204 9,138

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 9 10,203 9,137
SHAREHOLDERS' FUNDS 10,204 9,138

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 31 January 2024 and were signed on its behalf by:





P ffrench - Director


The Disability Trading Company Limited (Registered number: 07491504)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

The Disability Trading Company Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. 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.

Going concern
The financial statements have been prepared on a going concern basis. The company meets its day to day working capital requirements primarily through its cash balances and support from its parent. The trustees of the parent have indicated their willingness to maintain its continued support of the company through the provision of loans.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The key assumptions concerning the future and other key sources of estimation include uncertainties at the reporting date, which may have a risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial periods, are discussed below.

Management do not consider the company to have any significant accounting judgements or key sources of estimation uncertainty.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The Disability Trading Company Limited (Registered number: 07491504)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 2% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Tangible fixed assets are stated at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

The Disability Trading Company Limited (Registered number: 07491504)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the net asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised costs using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Other financial assets
Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publically traded and whose fair values cannot be measured reliably are measured at cost less impairment.

Impairment of financial assets
Financial assets, other than those held at fair value through profit or loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.

Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

The Disability Trading Company Limited (Registered number: 07491504)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial instruments, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Financial liabilities classified as payable within one tear are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities
Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

Equity instruments
Financial liabilities issued by the company are recorded at the proceeds received, net of direct issue costs. Dividens payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Employee benefits
The costs of the short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the costs of stock or fixed assets. The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

3. EMPLOYEES AND DIRECTORS

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

The Disability Trading Company Limited (Registered number: 07491504)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2022 48,504 2,597 5,762
Additions - - 2,571
Disposals - - -
At 31 March 2023 48,504 2,597 8,333
DEPRECIATION
At 1 April 2022 9,591 2,597 5,138
Charge for year 970 - 964
Eliminated on disposal - - -
At 31 March 2023 10,561 2,597 6,102
NET BOOK VALUE
At 31 March 2023 37,943 - 2,231
At 31 March 2022 38,913 - 624

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2022 76,377 23,203 156,443
Additions - - 2,571
Disposals (8,100 ) - (8,100 )
At 31 March 2023 68,277 23,203 150,914
DEPRECIATION
At 1 April 2022 39,574 12,015 68,915
Charge for year 10,444 6,046 18,424
Eliminated on disposal (8,100 ) - (8,100 )
At 31 March 2023 41,918 18,061 79,239
NET BOOK VALUE
At 31 March 2023 26,359 5,142 71,675
At 31 March 2022 36,803 11,188 87,528

The Disability Trading Company Limited (Registered number: 07491504)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 131,811 111,275
Other debtors 4,322 4,424
VAT 23,360 10,871
Prepayments 110 331
159,603 126,901

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 10,000 2,500
Trade creditors 88,901 66,359
Amounts owed to group undertakings 452,317 415,066
Tax 58 58
Accruals and deferred income 7,350 3,600
558,626 487,583

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 17,500 35,000
27,500 45,000

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
1 Ordinary £1 1 1

9. RESERVES
Retained
earnings
£   

At 1 April 2022 9,137
Profit for the year 1,066
At 31 March 2023 10,203

The Disability Trading Company Limited (Registered number: 07491504)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Janine Boyo BFP ACA MAAT (Senior Statutory Auditor)
for and on behalf of Voisey & Co LLP

11. ULTIMATE CONTROLLING PARTY

The controlling party is Warrington Disability Partnership.

A charity based in England. Registered charity number 1113597. Registered office address: Centre for Independent Living, Beaufort Street, Warrington, Cheshire, WA5 1BA.