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REGISTERED NUMBER: 04127915 (England and Wales)















ABRIDGED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

TRADE INTERCHANGE LIMITED

TRADE INTERCHANGE LIMITED (REGISTERED NUMBER: 04127915)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


TRADE INTERCHANGE LIMITED (REGISTERED NUMBER: 04127915)

ABRIDGED BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 23,793 35,562

CURRENT ASSETS
Debtors 325,846 339,973
Cash at bank 718,963 488,294
1,044,809 828,267
CREDITORS
Amounts falling due within one year 275,286 234,610
NET CURRENT ASSETS 769,523 593,657
TOTAL ASSETS LESS CURRENT
LIABILITIES

793,316

629,219

CREDITORS
Amounts falling due after more than one
year

773

2,322
NET ASSETS 792,543 626,897

CAPITAL AND RESERVES
Called up share capital 1,359 1,359
Retained earnings 791,184 625,538
SHAREHOLDERS' FUNDS 792,543 626,897

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 INTERCHANGE LIMITED (REGISTERED NUMBER: 04127915)

ABRIDGED BALANCE SHEET - continued
31 DECEMBER 2023


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

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 Board of Directors and authorised for issue on 27 June 2024 and were signed on its behalf by:




Mr M. Edmunds - Director Mr A.D. Tyson - Director




Mr. T.J. Hoiles - Director Mr. S. P. M. Brake - Director




Mr M.J. McKenzie - Director


TRADE INTERCHANGE LIMITED (REGISTERED NUMBER: 04127915)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Trade Interchange Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04127915

Registered office: Kildale House
Dukes Court
Teesside Industrial Estate
Stockton-on-Tees
TS17 9LR

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

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 INTERCHANGE LIMITED (REGISTERED NUMBER: 04127915)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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 34 (2022 - 33 ) .

4. TANGIBLE FIXED ASSETS
Totals
£
COST
At 1 January 2023 319,028
Additions 3,301
At 31 December 2023 322,329
DEPRECIATION
At 1 January 2023 283,466
Charge for year 15,070
At 31 December 2023 298,536
NET BOOK VALUE
At 31 December 2023 23,793
At 31 December 2022 35,562

5. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£ £
Net obligations repayable:
Within one year 1,549 1,549
Between one and five years 773 2,322
2,322 3,871

TRADE INTERCHANGE LIMITED (REGISTERED NUMBER: 04127915)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


5. LEASING AGREEMENTS - continued

Non-cancellable
operating leases
2023 2022
£ £
Within one year 16,146 16,146
Between one and five years - 25,000
16,146 41,146

6. SECURED DEBTS

There is a fixed and floating charge covering all the property and undertaking of the company in respect of a bank overdraft facility.

7. POST BALANCE SHEET EVENTS

The company distributed reserves of £72,161 by way of dividends on 02 April 2024 and 08 April 2024 of £23,030 and £49,131 respectively.