1 July 2022 false No description of principal activity Taxfiler 2023.15 SC196006business:PrivateLimitedCompanyLtd2022-07-012023-06-30 SC1960062022-06-30 SC1960062022-07-012023-06-30 SC196006business:AuditExemptWithAccountantsReport2022-07-012023-06-30 SC196006business:FilletedAccounts2022-07-012023-06-30 SC1960062023-06-30 SC196006business:Director12022-07-012023-06-30 SC196006business:RegisteredOffice2022-07-012023-06-30 SC1960062022-06-30 SC196006core:WithinOneYear2023-06-30 SC196006core:WithinOneYear2022-06-30 SC196006core:AfterOneYear2023-06-30 SC196006core:AfterOneYear2022-06-30 SC196006core:ShareCapitalcore:PreviouslyStatedAmount2023-06-30 SC196006core:ShareCapitalcore:PreviouslyStatedAmount2022-06-30 SC196006core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-06-30 SC196006core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-06-30 SC196006core:PreviouslyStatedAmount2023-06-30 SC196006core:PreviouslyStatedAmount2022-06-30 SC196006business:SmallEntities2022-07-012023-06-30 SC196006countries:Scotland2022-07-012023-06-30 SC196006core:LandBuildings2022-07-012023-06-30 SC196006core:PlantMachinery2022-07-012023-06-30 SC196006core:MotorVehicles2022-07-012023-06-30 SC196006core:FurnitureFittings2022-07-012023-06-30 SC196006core:ComputerEquipment2022-07-012023-06-30 SC196006core:Goodwill2022-06-30 SC196006core:Goodwill2023-06-30 SC196006core:LandBuildings2022-06-30 SC196006core:PlantMachinery2022-06-30 SC196006core:MotorVehicles2022-06-30 SC196006core:FurnitureFittings2022-06-30 SC196006core:ComputerEquipment2022-06-30 SC196006core:LandBuildings2023-06-30 SC196006core:PlantMachinery2023-06-30 SC196006core:MotorVehicles2023-06-30 SC196006core:FurnitureFittings2023-06-30 SC196006core:ComputerEquipment2023-06-30 SC196006core:PlantMachinerycore:LeasedAssetsHeldAsLessee2023-06-30 SC196006core:PlantMachinerycore:LeasedAssetsHeldAsLessee2022-06-30 SC196006core:MotorVehiclescore:LeasedAssetsHeldAsLessee2023-06-30 SC196006core:MotorVehiclescore:LeasedAssetsHeldAsLessee2022-06-30 SC1960062021-07-012022-06-30 iso4217:GBP xbrli:pure
Company Registration No. SC196006 (Scotland)
Tradstocks Ltd. Unaudited accounts for the year ended 30 June 2023
Tradstocks Ltd. Unaudited accounts Contents
Page
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Tradstocks Ltd. Company Information for the year ended 30 June 2023
Director
Peter Stewart
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
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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
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Tradstocks Ltd. Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,456,573 
2,168,663 
Investments
22,500 
22,500 
2,479,073 
2,191,163 
Current assets
Inventories
31,088 
40,925 
Debtors
2,099,053 
2,157,352 
Cash at bank and in hand
385,043 
119,780 
2,515,184 
2,318,057 
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 
Capital and reserves
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
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Tradstocks Ltd. Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
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.
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.
Intangible fixed assets
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 
£ 
Cost
At 1 July 2022
6,500 
At 30 June 2023
6,500 
Amortisation
At 1 July 2022
6,500 
At 30 June 2023
6,500 
Net book value
At 30 June 2023
- 
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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 
Depreciation
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 
Net book value
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 
2023 
2022 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Plant & machinery
329,748 
360,378 
- Motor vehicles
23,800 
- 
6
Investments
Other investments 
£ 
Valuation at 1 July 2022
22,500 
Valuation at 30 June 2023
22,500 
7
Debtors
2023 
2022 
£ 
£ 
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 
2,099,053 
2,157,352 
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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 
VAT
72,015 
119,259 
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 
Other creditors
- 
4,707 
Loans from directors
57,074 
57,446 
Accruals
89,663 
112,859 
1,452,563 
1,486,649 
9
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
23,333 
33,333 
Obligations under finance leases and hire purchase contracts
31,069 
102,731 
54,402 
136,064 
10
Average number of employees
During the year the average number of employees was 29 (2022: 35).
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