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Registered number: 11466983
Trade Price Aluminium Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
James Khan
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11466983
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 4,000 5,000
Tangible Assets 5 1,820 980
5,820 5,980
CURRENT ASSETS
Debtors 6 66,121 47,373
Cash at bank and in hand 26,590 20,703
92,711 68,076
Creditors: Amounts Falling Due Within One Year 7 (34,733 ) (21,765 )
NET CURRENT ASSETS (LIABILITIES) 57,978 46,311
TOTAL ASSETS LESS CURRENT LIABILITIES 63,798 52,291
Creditors: Amounts Falling Due After More Than One Year 8 (60,596 ) (37,824 )
NET ASSETS 3,202 14,467
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 3,201 14,466
SHAREHOLDERS' FUNDS 3,202 14,467
Page 1
Page 2
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Adam Shephard
Director
16/08/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Trade Price Aluminium Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11466983 . The registered office is 9 Long Meadow, North Cornelly, Bridgend, CF33 4PX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of ten years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% reducing balance
Computer Equipment 25% reducing balance
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Intangible Assets
Goodwill
£
Cost
As at 1 August 2023 10,000
As at 31 July 2024 10,000
Amortisation
As at 1 August 2023 5,000
Provided during the period 1,000
As at 31 July 2024 6,000
...CONTINUED
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Net Book Value
As at 31 July 2024 4,000
As at 1 August 2023 5,000
5. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 August 2023 1,817 1,331 3,148
Additions 361 1,181 1,542
As at 31 July 2024 2,178 2,512 4,690
Depreciation
As at 1 August 2023 1,459 709 2,168
Provided during the period 251 451 702
As at 31 July 2024 1,710 1,160 2,870
Net Book Value
As at 31 July 2024 468 1,352 1,820
As at 1 August 2023 358 622 980
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 65,483 46,967
Other debtors 638 406
66,121 47,373
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 19,899 8,511
Bank loans and overdrafts 12,000 -
Other creditors 277 277
Taxation and social security 2,557 12,977
34,733 21,765
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 47,000 -
Other creditors 13,596 37,824
60,596 37,824
Page 4
Page 5
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 5