Company Registration No. 12260995 (England and Wales)
UTRADE LTD
Unaudited accounts
for the year ended 31 October 2023
UTRADE LTD
Unaudited accounts
Contents
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
UTRADE LTD
Statement of financial position
as at 31 October 2023
Tangible assets
5,277
8,611
Cash at bank and in hand
10,991
25,998
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
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
UTRADE LTD
Notes to the Accounts
for the year ended 31 October 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
At 31 October 2023
-
5,277
5,277
At 31 October 2022
-
8,611
8,611
Amounts falling due within one year
Accrued income and prepayments
3,256
6,488
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
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 1 (2022: 0).