IRIS Accounts Production v24.1.9.2 07497199 director 1.11.22 31.10.23 31.10.23 false true false false true false A Ordinary 1.00000 C Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh074971992022-10-31074971992023-10-31074971992022-11-012023-10-31074971992021-10-31074971992021-11-012022-10-31074971992022-10-3107497199ns15:EnglandWales2022-11-012023-10-3107497199ns14:PoundSterling2022-11-012023-10-3107497199ns10:Director12022-11-012023-10-3107497199ns10:PrivateLimitedCompanyLtd2022-11-012023-10-3107497199ns10:SmallEntities2022-11-012023-10-3107497199ns10:AuditExempt-NoAccountantsReport2022-11-012023-10-3107497199ns10:SmallCompaniesRegimeForDirectorsReport2022-11-012023-10-3107497199ns10:SmallCompaniesRegimeForAccounts2022-11-012023-10-3107497199ns10:FullAccounts2022-11-012023-10-3107497199ns10:OrdinaryShareClass12022-11-012023-10-3107497199ns10:OrdinaryShareClass22022-11-012023-10-3107497199ns10:RegisteredOffice2022-11-012023-10-3107497199ns5:CurrentFinancialInstruments2023-10-3107497199ns5:CurrentFinancialInstruments2022-10-3107497199ns5:Non-currentFinancialInstruments2023-10-3107497199ns5:Non-currentFinancialInstruments2022-10-3107497199ns5:ShareCapital2023-10-3107497199ns5:ShareCapital2022-10-3107497199ns5:RetainedEarningsAccumulatedLosses2023-10-3107497199ns5:RetainedEarningsAccumulatedLosses2022-10-3107497199ns5:LeaseholdImprovements2022-11-012023-10-3107497199ns5:FurnitureFittings2022-11-012023-10-3107497199ns5:MotorVehicles2022-11-012023-10-3107497199ns5:LeaseholdImprovements2022-10-3107497199ns5:PlantMachinery2022-10-3107497199ns5:FurnitureFittings2022-10-3107497199ns5:MotorVehicles2022-10-3107497199ns5:PlantMachinery2022-11-012023-10-3107497199ns5:LeaseholdImprovements2023-10-3107497199ns5:PlantMachinery2023-10-3107497199ns5:FurnitureFittings2023-10-3107497199ns5:MotorVehicles2023-10-3107497199ns5:LeaseholdImprovements2022-10-3107497199ns5:PlantMachinery2022-10-3107497199ns5:FurnitureFittings2022-10-3107497199ns5:MotorVehicles2022-10-3107497199ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-10-3107497199ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-11-012023-10-3107497199ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-10-3107497199ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-10-3107497199ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-10-3107497199ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-10-3107497199ns10:OrdinaryShareClass12023-10-3107497199ns10:OrdinaryShareClass22023-10-31074971991ns10:Director12022-10-31074971991ns10:Director12021-10-31074971991ns10:Director12022-11-012023-10-31074971991ns10:Director12021-11-012022-10-31074971991ns10:Director12023-10-31074971991ns10:Director12022-10-31
REGISTERED NUMBER: 07497199 (England and Wales)








Unaudited Financial Statements

for the Year Ended 31 October 2023

for

Trade Frames Nottingham Limited

Trade Frames Nottingham Limited (Registered number: 07497199)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Trade Frames Nottingham Limited

Company Information
for the Year Ended 31 October 2023







DIRECTOR: M C Johnson





REGISTERED OFFICE: Units 3 - 4
Ashbourne Court
Manners Industrial Estate
Ilkeston
Derbyshire
DE7 8EF





REGISTERED NUMBER: 07497199 (England and Wales)





ACCOUNTANTS: Haines Watts
Cliffe Hill House
22-26 Nottingham Road
Stapleford
Nottingham
NG9 8AA

Trade Frames Nottingham Limited (Registered number: 07497199)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 67,002 42,115

CURRENT ASSETS
Stocks 2,870 2,412
Debtors 5 623,444 643,038
Cash at bank and in hand 94,076 220,535
720,390 865,985
CREDITORS
Amounts falling due within one year 6 457,109 488,278
NET CURRENT ASSETS 263,281 377,707
TOTAL ASSETS LESS CURRENT
LIABILITIES

330,283

419,822

CREDITORS
Amounts falling due after more than one
year

7

(124,486

)

(181,939

)

PROVISIONS FOR LIABILITIES (12,730 ) (8,002 )
NET ASSETS 193,067 229,881

CAPITAL AND RESERVES
Called up share capital 8 200 200
Retained earnings 192,867 229,681
SHAREHOLDERS' FUNDS 193,067 229,881

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 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.

Trade Frames Nottingham Limited (Registered number: 07497199)

Balance Sheet - continued
31 October 2023


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 July 2024 and were signed by:





M C Johnson - Director


Trade Frames Nottingham Limited (Registered number: 07497199)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Trade Frames Nottingham Limited 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.
Improvements to property - 25% on cost
Fixtures and fittings - at varying rates on cost
Motor vehicles - at varying rates on cost

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

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Trade Frames Nottingham Limited (Registered number: 07497199)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 November 2022 4,887 5,600 4,976 113,701 129,164
Additions - - 1,000 50,425 51,425
Disposals - - - (31,650 ) (31,650 )
At 31 October 2023 4,887 5,600 5,976 132,476 148,939
DEPRECIATION
At 1 November 2022 4,887 1,667 4,976 75,519 87,049
Charge for year - 1,866 42 21,993 23,901
Eliminated on disposal - - - (29,013 ) (29,013 )
At 31 October 2023 4,887 3,533 5,018 68,499 81,937
NET BOOK VALUE
At 31 October 2023 - 2,067 958 63,977 67,002
At 31 October 2022 - 3,933 - 38,182 42,115

Trade Frames Nottingham Limited (Registered number: 07497199)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 November 2022 26,995
Additions 47,225
At 31 October 2023 74,220
DEPRECIATION
At 1 November 2022 1,687
Charge for year 16,652
At 31 October 2023 18,339
NET BOOK VALUE
At 31 October 2023 55,881
At 31 October 2022 25,308

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 154,781 255,734
Amounts owed by participating interests 396,721 311,006
Other debtors 71,942 76,298
623,444 643,038

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Hire purchase contracts 16,781 13,019
Trade creditors 346,267 396,993
Taxation and social security 15,606 3,089
Other creditors 78,455 75,177
457,109 488,278

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Hire purchase contracts 20,217 22,867
Other creditors 104,269 159,072
124,486 181,939

Trade Frames Nottingham Limited (Registered number: 07497199)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
100 A Ordinary 1 100 100
100 C Ordinary 1 100 100
200 200

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2023 and 31 October 2022:

31.10.23 31.10.22
£    £   
M C Johnson
Balance outstanding at start of year 18,215 (1,811 )
Amounts advanced 2,000 20,338
Amounts repaid (20,312 ) (312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (97 ) 18,215