Registered number
03380087
Traderoute Consultants Ltd
Filleted Accounts
30 June 2023
Traderoute Consultants Ltd
Registered number: 03380087
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 807,871 1,108,524
Investments 4 10,008 10,008
817,879 1,118,532
Current assets
Cash at bank and in hand 202,112 131,181
Creditors: amounts falling due within one year 5 (40,288) (13,061)
Net current assets 161,824 118,120
Total assets less current liabilities 979,703 1,236,652
Creditors: amounts falling due after more than one year 6 - (149,476)
Net assets 979,703 1,087,176
Capital and reserves
Called up share capital 100 100
Revaluation reserve 7 248,105 371,626
Profit and loss account 731,498 715,450
Shareholders' funds 979,703 1,087,176
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr C Wellham
Director
Approved by the board on 15 February 2024
Traderoute Consultants Ltd
Notes to the Accounts
for the year ended 30 June 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings N/a
Plant and machinery 20% Reducing Balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 July 2022 1,105,706 6,537 1,112,243
Disposals (300,089) - (300,089)
At 30 June 2023 805,617 6,537 812,154
Depreciation
At 1 July 2022 - 3,719 3,719
Charge for the year - 564 564
At 30 June 2023 - 4,283 4,283
Net book value
At 30 June 2023 805,617 2,254 807,871
At 30 June 2022 1,105,706 2,818 1,108,524
Freehold land and buildings: 2023 2022
£ £
Historical cost 1,178,036 892,560
Cumulative depreciation based on historical cost - -
1,178,036 892,560
4 Investments
Other
investments
£
Cost
At 1 July 2022 10,008
At 30 June 2023 10,008
5 Creditors: amounts falling due within one year 2023 2022
£ £
Corporation tax 12,676 12,821
Other creditors 27,612 240
40,288 13,061
6 Creditors: amounts falling due after one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts - 149,476
7 Revaluation reserve 2023 2022
£ £
At 1 July 2022 371,626 371,626
Loss on revaluation of land and buildings (123,521) -
At 30 June 2023 248,105 371,626
8 Other information
Traderoute Consultants Ltd is a private company limited by shares and incorporated in England. Its registered office is:
5 Russell Road
Buckhurst Hill
England
IG9 5QJ
9 Ultimate controlling party
The director, Mr C Welham, owns 100% of the ordinary share capital and
controls the company.
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