STARTRADE LTD

Company Registration Number:
07282255 (England and Wales)

Unaudited abridged accounts for the year ended 31 July 2023

Period of accounts

Start date: 01 August 2022

End date: 31 July 2023

STARTRADE LTD

Contents of the Financial Statements

for the Period Ended 31 July 2023

Balance sheet
Notes

STARTRADE LTD

Balance sheet

As at 31 July 2023


Notes

2023

2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets: 3 200,450 240,540
Tangible assets: 4 105,602 140,111
Investments:   0 0
Total fixed assets: 306,052 380,651
Current assets
Stocks: 97,220 96,650
Debtors:   209,789 7,500
Cash at bank and in hand: 572,996 670,701
Investments:   0 0
Total current assets: 880,005 774,851
Creditors: amounts falling due within one year: 5 (59,226) (36,190)
Net current assets (liabilities): 820,779 738,661
Total assets less current liabilities: 1,126,831 1,119,312
Creditors: amounts falling due after more than one year: 6 (20,346) (35,242)
Provision for liabilities: 0 0
Total net assets (liabilities): 1,106,485 1,084,070
Capital and reserves
Called up share capital: 100 100
Share premium account: 0 0
Revaluation reserve: 00
Other reserves: 0 0
Profit and loss account: 1,106,385 1,083,970
Shareholders funds: 1,106,485 1,084,070

The notes form part of these financial statements

STARTRADE LTD

Balance sheet statements

For the year ending 31 July 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 09 April 2024
and signed on behalf of the board by:

Name: Mr Jagjit Singh Bansal
Status: Director

The notes form part of these financial statements

STARTRADE LTD

Notes to the Financial Statements

for the Period Ended 31 July 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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible fixed assets and depreciation policy

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment.Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:Motor vehicles 25% Straight lineFixtures and fittings 15% Straight line

Intangible fixed assets and amortisation policy

Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of 10 years.

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.Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

STARTRADE LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

2. Employees

2023 2022
Average number of employees during the period 7 7

STARTRADE LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

3. Intangible Assets

Total
Cost £
At 01 August 2022 400,900
Additions 0
Disposals 0
Revaluations 0
Transfers 0
At 31 July 2023 400,900
Amortisation
At 01 August 2022 160,360
Charge for year 40,090
On disposals 0
Other adjustments 0
At 31 July 2023 200,450
Net book value
At 31 July 2023 200,450
At 31 July 2022 240,540

STARTRADE LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

4. Tangible Assets

Total
Cost £
At 01 August 2022 220,079
Additions 0
Disposals 0
Revaluations 0
Transfers 0
At 31 July 2023 220,079
Depreciation
At 01 August 2022 79,968
Charge for year 34,509
On disposals 0
Other adjustments 0
At 31 July 2023 114,477
Net book value
At 31 July 2023 105,602
At 31 July 2022 140,111

STARTRADE LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

5. Creditors: amounts falling due within one year note

2023Trade Creditors: £0.00Taxation and Social Security: £42,615Other Creditors: £16,6112022Trade Creditors: £(1)Taxation and Social Security: £19,156Other Creditors: £17,035

STARTRADE LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

6. Creditors: amounts falling due after more than one year note

2023Other Creditors: £20,3462022Other Creditors: £35,242