Registered number: 02437493 | ||||||||
FOR THE YEAR ENDED 31 DECEMBER 2023 | ||||||||
Prepared By: | ||||||||
Lever Bros & Co | ||||||||
Chartered Accountants | ||||||||
First Floor, 690 Great West Road | ||||||||
Osterley Village | ||||||||
Isleworth | ||||||||
TW7 4PU |
Novotrade (UK) Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31 DECEMBER 2023 | ||||||||
DIRECTORS | ||||||||
SECRETARY | ||||||||
REGISTERED OFFICE | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 02437493 | ||||||||
ACCOUNTANTS | ||||||||
Lever Bros & Co | ||||||||
Chartered Accountants | ||||||||
First Floor, 690 Great West Road | ||||||||
Osterley Village | ||||||||
Isleworth | ||||||||
TW7 4PU |
Novotrade (UK) Limited | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED31 DECEMBER 2023 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
Novotrade (UK) Limited | ||||||||
BALANCE SHEET AT | ||||||||||
2023 | 2022 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 2 | |||||||||
CURRENT ASSETS | ||||||||||
Debtors | 3 | |||||||||
Cash at bank and in hand | ||||||||||
154,954 | 200,217 | |||||||||
CREDITORS: Amounts falling due within one year | 4 | |||||||||
NET CURRENT ASSETS | 68,331 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 5 | 41,862 | 41,923 | |||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 7 | |||||||||
Profit and loss account | (75,498) | (58,283) | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
Novotrade (UK) Limited | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31 DECEMBER 2023 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
Plant and Machinery | reducing balance 25% | |||||||
Fixtures and Fittings | reducing balance 20% |
1c. Taxation | ||||||||
Taxation represents the sum of tax currently payable and deferred tax. 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. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. |
1d. Foreign Currency | ||||||||
Transactions in currencies, other than the functional currency of the company, are recorded at the rate of the exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at the historic cost in a foreign currency are not retranslated. |
1e. Turnover | ||||||||
Turnover is derived from the import and export of general merchandise and agency services supplied by the company,net of value added tax and trade discounts and is recognised when services are rendered. |
1f. Investments | ||||||||
Fixed asset investments are shown at cost less impairment. |
1g. Leases | ||||||||
Assets held under finance leases and hire purchase contracts are capitalised in the balance sheet at their fair value and depreciated over their expected useful lives. The interest element of leasing payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the lease. All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term. |
1h. Statutory Information | ||||||||
Novotrade (UK) Limited is a private company, limited by shares, incorporated in England and Wales. The company's registered number is 02437493 and registered office address is First Floor, 690 Great West Road, Osterley Village, Isleworth, England, TW7 4PU. |
1i. Financial Instruments | ||||||||
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments. |
Novotrade (UK) Limited | ||||||||
2. TANGIBLE FIXED ASSETS | ||||||
Plant and | Fixtures | |||||
Machinery | and Fittings | Total | ||||
£ | £ | £ | ||||
Cost | ||||||
At 1 January 2023 | 1,065 | 11,823 | 12,888 | |||
Disposals | (1,065) | (11,823) | (12,888) | |||
At 31 December 2023 | - | - | - | |||
Depreciation | ||||||
At 1 January 2023 | 833 | 11,746 | 12,579 | |||
Disposals | (891) | (11,761) | (12,652) | |||
For the year | 58 | 15 | 73 | |||
At 31 December 2023 | - | - | - | |||
Net Book Amounts | ||||||
At 31 December 2023 | - | |||||
At 31 December 2022 | 309 | |||||
3. DEBTORS | 2023 | 2022 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Other debtors | 952 | 1,549 | ||||||
952 | 1,549 | |||||||
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Directors current account | 20,748 | 20,748 | ||||||
Loans | 4,644 | 6,239 | ||||||
Trade creditors | 76,613 | 103,094 | ||||||
Accruals | 1,585 | 1,805 | ||||||
103,590 | 131,886 | |||||||
5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Bank loans | 41,862 | 41,923 | ||||||
41,862 | 41,923 | |||||||
Novotrade (UK) Limited | ||||||||
6. EMPLOYEES | ||||||
2023 | 2022 | |||||
No. | No. | |||||
Average number of employees | 2 | |||||
7. SHARE CAPITAL | 2023 | 2022 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
85,000 | 85,000 | |||||||
85,000 | 85,000 | |||||||