Company Registration No. SC196006 (Scotland)
Tradstocks Ltd.
Unaudited accounts
for the year ended 30 June 2023
Tradstocks Ltd.
Unaudited accounts
Contents
Tradstocks Ltd.
Company Information
for the year ended 30 June 2023
Company Number
SC196006 (Scotland)
Registered Office
Dunaverig
Thornhill
Stirling
FK8 3QW
Scotland
Accountants
FBD Consultancy, Accounts & Tax Ltd
Sgarbach House
10 Binniehill Road
Cumbernauld
North Lanarkshire
G68 9AJ
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Tradstocks Ltd.
for the year ended 30 June 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Tradstocks Ltd. for the year ended
30 June 2023 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants of Scotland, we are subject to its ethical and other professional requirements which are detailed at https://www.icas.com/professional-resources/practice/support-and-guidance/framework-for-the-preparation-of-accounts-revised-june-2020.
Our work has been undertaken in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at https://www.icas.com/professional-resources/practice/support-and-guidance/framework-for-the-preparation-of-accounts-revised-june-2020.
FBD Consultancy, Accounts & Tax Ltd
Chartered Accountants
Sgarbach House
10 Binniehill Road
Cumbernauld
North Lanarkshire
G68 9AJ
22 March 2024
Tradstocks Ltd.
Statement of financial position
as at 30 June 2023
Tangible assets
2,456,573
2,168,663
Debtors
2,099,053
2,157,352
Cash at bank and in hand
385,043
119,780
Creditors: amounts falling due within one year
(1,452,563)
(1,486,649)
Net current assets
1,062,621
831,408
Total assets less current liabilities
3,541,694
3,022,571
Creditors: amounts falling due after more than one year
(54,402)
(136,064)
Provisions for liabilities
Deferred tax
(419,167)
(307,330)
Net assets
3,068,125
2,579,177
Called up share capital
2
2
Profit and loss account
3,068,123
2,579,175
Shareholders' funds
3,068,125
2,579,177
For the year ending 30 June 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 his 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 22 March 2024 and were signed on its behalf by
Peter Stewart
Director
Company Registration No. SC196006
Tradstocks Ltd.
Notes to the Accounts
for the year ended 30 June 2023
Tradstocks Ltd. is a private company, limited by shares, registered in Scotland, registration number SC196006. The registered office is Dunaverig, Thornhill, Stirling, FK8 3QW, Scotland.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Land - nil, Improvements 20 years
Plant & machinery
Straight line over 15 years
Motor vehicles
Straight line over 15 years
Fixtures & fittings
Straight line over 15 years
Computer equipment
Straight line over 15 years
4
Intangible fixed assets
Goodwill
Tradstocks Ltd.
Notes to the Accounts
for the year ended 30 June 2023
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 July 2022
887,586
3,218,875
140,297
35,846
61,752
4,344,356
Additions
38,719
437,981
39,599
-
2,199
518,498
Disposals
-
-
(4,000)
-
-
(4,000)
At 30 June 2023
926,305
3,656,856
175,896
35,846
63,951
4,858,854
At 1 July 2022
295,300
1,708,416
89,160
25,835
56,982
2,175,693
Charge for the year
28,874
170,751
27,275
867
700
228,467
On disposals
-
-
(1,879)
-
-
(1,879)
At 30 June 2023
324,174
1,879,167
114,556
26,702
57,682
2,402,281
At 30 June 2023
602,131
1,777,689
61,340
9,144
6,269
2,456,573
At 30 June 2022
592,286
1,510,459
51,137
10,011
4,770
2,168,663
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Plant & machinery
329,748
360,378
6
Investments
Other investments
Valuation at 1 July 2022
22,500
Valuation at 30 June 2023
22,500
Amounts falling due within one year
Trade debtors
1,001,346
1,112,161
Amounts due from group undertakings etc.
456,810
699,446
Accrued income and prepayments
101,998
205,937
Other debtors
538,899
139,808
Tradstocks Ltd.
Notes to the Accounts
for the year ended 30 June 2023
8
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
10,000
10,000
Obligations under finance leases and hire purchase contracts
86,382
143,800
Trade creditors
1,201,020
977,003
Taxes and social security
(63,591)
61,575
Loans from directors
57,074
57,446
9
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
31,069
102,731
10
Average number of employees
During the year the average number of employees was 29 (2022: 35).