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REGISTERED NUMBER: 04634790 (England and Wales)














Unaudited Financial Statements for the Year Ended 31 January 2024

for

TRADECARS DIRECT LTD

TRADECARS DIRECT LTD (REGISTERED NUMBER: 04634790)






Contents of the Financial Statements
for the year ended 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TRADECARS DIRECT LTD

Company Information
for the year ended 31 JANUARY 2024







DIRECTOR: S C Gorton





SECRETARY: K A Gorton





REGISTERED OFFICE: 130 Wellingborough Road
Earls Barton
Northampton
Northamptonshire
NN6 0JS





REGISTERED NUMBER: 04634790 (England and Wales)





ACCOUNTANT: Elsby & Co
155 Wellingborough Road
Rushden
Northamptonshire
NN10 9TB

TRADECARS DIRECT LTD (REGISTERED NUMBER: 04634790)

Balance Sheet
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 43,961 8,147

CURRENT ASSETS
Stocks 64,416 55,817
Debtors 5 4,545 -
Cash at bank and in hand 38,645 23,094
107,606 78,911
CREDITORS
Amounts falling due within one year 6 88,231 60,462
NET CURRENT ASSETS 19,375 18,449
TOTAL ASSETS LESS CURRENT
LIABILITIES

63,336

26,596

CREDITORS
Amounts falling due after more than one year 7 (43,647 ) (23,328 )

PROVISIONS FOR LIABILITIES (1,098 ) -
NET ASSETS 18,591 3,268

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 18,589 3,266
SHAREHOLDERS' FUNDS 18,591 3,268

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

TRADECARS DIRECT LTD (REGISTERED NUMBER: 04634790)

Balance Sheet - continued
31 JANUARY 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 April 2024 and were signed by:





S C Gorton - Director


TRADECARS DIRECT LTD (REGISTERED NUMBER: 04634790)

Notes to the Financial Statements
for the year ended 31 JANUARY 2024

1. STATUTORY INFORMATION

Tradecars Direct Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.
Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing
stock to its present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3. EMPLOYEES

The average number of employees during the year was NIL (2023 - NIL).

TRADECARS DIRECT LTD (REGISTERED NUMBER: 04634790)

Notes to the Financial Statements - continued
for the year ended 31 JANUARY 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 February 2023 5,040 13,135 18,175
Additions 3,046 47,170 50,216
At 31 January 2024 8,086 60,305 68,391
DEPRECIATION
At 1 February 2023 4,281 5,747 10,028
Charge for year 762 13,640 14,402
At 31 January 2024 5,043 19,387 24,430
NET BOOK VALUE
At 31 January 2024 3,043 40,918 43,961
At 31 January 2023 759 7,388 8,147

The net book value of tangible fixed assets includes £ 35,377 in respect of assets held under hire purchase contracts.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 4,545 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 1,203 -
Trade creditors (2,376 ) (2,319 )
Taxation and social security 15,264 19,434
Other creditors 64,140 33,347
88,231 60,462

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 13,329 23,328
Hire purchase contracts 30,318 -
43,647 23,328

TRADECARS DIRECT LTD (REGISTERED NUMBER: 04634790)

Notes to the Financial Statements - continued
for the year ended 31 JANUARY 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2