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REGISTERED NUMBER: 13535728 (England and Wales)















Unaudited Financial Statements

for the Year Ended

31 December 2023

for

Trades 360 NW Ltd

Trades 360 NW Ltd (Registered number: 13535728)

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










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Trades 360 NW Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Miss E L Lanyon
D Pardoe
Mrs F R E Poole





SECRETARY:





REGISTERED OFFICE: The Studio, Hatherlow House
Hatherlow
Romiley
Stockport
Cheshire
SK6 3DY





REGISTERED NUMBER: 13535728 (England and Wales)





ACCOUNTANTS: TF & Partners Ltd t/a Hatherlows
Chartered Accountants
The Studio, Hatherlow House
Hatherlow
Romiley
Stockport
Cheshire
SK6 3DY

Trades 360 NW Ltd (Registered number: 13535728)

Statement of Financial Position
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 3,952 -

CURRENT ASSETS
Debtors 6 396,257 348,998
Cash at bank 78,218 -
474,475 348,998
CREDITORS
Amounts falling due within one year 7 465,265 353,581
NET CURRENT ASSETS/(LIABILITIES) 9,210 (4,583 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,162

(4,583

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 13,062 (4,683 )
SHAREHOLDERS' FUNDS 13,162 (4,583 )

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.

Trades 360 NW Ltd (Registered number: 13535728)

Statement of Financial Position - 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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 April 2024 and were signed on its behalf by:




Miss E L Lanyon - Director



Mrs F R E Poole - Director


Trades 360 NW Ltd (Registered number: 13535728)

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


1. STATUTORY INFORMATION

Trades 360 NW Ltd 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.

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


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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

Trades 360 NW Ltd (Registered number: 13535728)

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


3. ACCOUNTING POLICIES - continued

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
Additions 5,899
At 31 December 2023 5,899
DEPRECIATION
Charge for year 1,947
At 31 December 2023 1,947
NET BOOK VALUE
At 31 December 2023 3,952

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 373,657 308,020
Other debtors 22,600 40,978
396,257 348,998

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 25
Trade creditors 128,580 87,623
Taxation and social security 17,545 4,749
Other creditors 319,140 261,184
465,265 353,581

Trades 360 NW Ltd (Registered number: 13535728)

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


8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Other creditors 316,944 255,269

The company's invoice financing facility is secured by a fixed and floating charge over the assets of the company.

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £15,000 were paid to the directors .

10. POST BALANCE SHEET EVENTS

The financial statements were authorised for issue by the directors on 9 April 2024.