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Company Registration No. 12260995 (England and Wales)
UTRADE LTD Unaudited accounts for the year ended 31 October 2023
UTRADE LTD Unaudited accounts Contents
Page
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UTRADE LTD Company Information for the year ended 31 October 2023
Directors
Tinatin Chkhaidze
Company Number
12260995 (England and Wales)
Registered Office
117 Crayford Way Crayford Dartford DA1 4JZ United Kingdom
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UTRADE LTD Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,277 
8,611 
Current assets
Debtors
4,136 
7,088 
Cash at bank and in hand
10,991 
25,998 
15,127 
33,086 
Creditors: amounts falling due within one year
(18,513)
(37,279)
Net current liabilities
(3,386)
(4,193)
Total assets less current liabilities
1,891 
4,418 
Creditors: amounts falling due after more than one year
(2,468)
(3,428)
Net (liabilities)/assets
(577)
990 
Capital and reserves
Profit and loss account
(577)
990 
Shareholders' funds
(577)
990 
For the year ending 31 October 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 directors acknowledge their 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 of Directors and authorised for issue on 7 July 2024 and were signed on its behalf by
Tinatin Chkhaidze Director Company Registration No. 12260995
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UTRADE LTD Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
UTRADE LTD is a private company, limited by shares, registered in England and Wales, registration number 12260995. The registered office is 117 Crayford Way, Crayford, Dartford, DA1 4JZ, United Kingdom.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Straight line depreciation method has been used where the value of a fixed asset is reduced gradually over its 3 years' useful life
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2022
899 
10,000 
10,899 
At 31 October 2023
899 
10,000 
10,899 
Depreciation
At 1 November 2022
899 
1,389 
2,288 
Charge for the year
- 
3,334 
3,334 
At 31 October 2023
899 
4,723 
5,622 
Net book value
At 31 October 2023
- 
5,277 
5,277 
At 31 October 2022
- 
8,611 
8,611 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
880 
600 
Accrued income and prepayments
3,256 
6,488 
4,136 
7,088 
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UTRADE LTD Notes to the Accounts for the year ended 31 October 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
- 
27 
Loans from directors
18,513 
37,252 
18,513 
37,279 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
2,468 
3,428 
8
Average number of employees
During the year the average number of employees was 1 (2022: 0).
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