ANGLO EASTERN TRADING CO. LTD

Company Registration Number:
07660429 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2023

Period of accounts

Start date: 01 July 2022

End date: 30 June 2023

ANGLO EASTERN TRADING CO. LTD

Contents of the Financial Statements

for the Period Ended 30 June 2023

Balance sheet
Notes

ANGLO EASTERN TRADING CO. LTD

Balance sheet

As at 30 June 2023


Notes

2023

2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 51,087 21,806
Investments:   0 0
Total fixed assets: 51,087 21,806
Current assets
Stocks: 461,159 586,562
Debtors:   363,114 429,907
Cash at bank and in hand: 11,807 10,309
Investments:   0 0
Total current assets: 836,080 1,026,778
Creditors: amounts falling due within one year:   (881,594) (1,013,409)
Net current assets (liabilities): (45,514) 13,369
Total assets less current liabilities: 5,573 35,175
Creditors: amounts falling due after more than one year:   0 (4,167)
Provision for liabilities: 0 0
Total net assets (liabilities): 5,573 31,008
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 5,473 30,908
Shareholders funds: 5,573 31,008

The notes form part of these financial statements

ANGLO EASTERN TRADING CO. LTD

Balance sheet statements

For the year ending 30 June 2023 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 12 March 2024
and signed on behalf of the board by:

Name: A M Morris
Status: Director

The notes form part of these financial statements

ANGLO EASTERN TRADING CO. LTD

Notes to the Financial Statements

for the Period Ended 30 June 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

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 and depreciation policy

Depreciation is provided at the following rates in order to write off each asset over its estimated useful life.Plant and machinery - 33.3% on cost.Fixtures and fittings - 20% on cost.Motor vehicles - 20% on cost.Computer equipment - 33.3% on cost.

Valuation and information policy

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

Other accounting policies

Hire purchase and leasing commitments.Rentals paid under operating leases are charged to profit and loss on a straight line basis over the period of the lease.Pension Costs and other post-retirement benefits.The company operates a defined pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.

ANGLO EASTERN TRADING CO. LTD

Notes to the Financial Statements

for the Period Ended 30 June 2023

2. Employees

2023 2022
Average number of employees during the period 6 6

ANGLO EASTERN TRADING CO. LTD

Notes to the Financial Statements

for the Period Ended 30 June 2023

3. Tangible Assets

Total
Cost £
At 01 July 2022 57,948
Additions 54,757
Disposals (24,855)
At 30 June 2023 87,850
Depreciation
At 01 July 2022 36,142
Charge for year 8,081
On disposals (7,460)
At 30 June 2023 36,763
Net book value
At 30 June 2023 51,087
At 30 June 2022 21,806