2023-03-012024-02-292024-02-29false06814259TUBTRADER 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TUBTRADER LIMITED

Registered Number
06814259
(England and Wales)

Unaudited Financial Statements for the Year ended
29 February 2024

TUBTRADER LIMITED
Company Information
for the year from 1 March 2023 to 29 February 2024

Directors

SPENCER, Ashley George
SPENCER, Melanie Jane
SPENCER, Sean Patrick Daniel

Registered Address

125 Frinton Road
Holland-On-Sea
Clacton-On-Sea
CO15 5UP

Registered Number

06814259 (England and Wales)
TUBTRADER LIMITED
Balance Sheet as at
29 February 2024

Notes

2024

2023

£

£

£

£

ASSETS
Fixed assets
Tangible assets324,1448,063
24,1448,063
Current assets
Stocks43,05537,000
Debtors66,99555,495
Cash at bank and in hand103,54788,416
213,597180,911
213,597180,911
237,741188,974
CAPITAL, RESERVES AND LIABILITIES
Capital and reserves
Called up share capital1,0001,000
Profit and loss account95,29866,700
96,29867,700
Liabilities
Creditors amounts falling due within one year4138,198121,274
Creditors amounts falling due after one year3,245-
237,741188,974
The financial statements were approved and authorised for issue by the Board of Directors on 1 July 2024, and are signed on its behalf by:
SPENCER, Melanie Jane
Director
Registered Company No. 06814259
TUBTRADER LIMITED
Notes to the Financial Statements
for the year ended 29 February 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Land and buildings25
Plant and machinery25
Fixtures and fittings25
Vehicles25
Office Equipment25
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year33
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 March 2316,389
Additions24,824
Disposals(4,900)
At 29 February 2436,313
Depreciation and impairment
At 01 March 238,326
Charge for year7,045
On disposals(3,202)
At 29 February 2412,169
Net book value
At 29 February 2424,144
At 28 February 238,063
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables30,80912,234
Bank borrowings and overdrafts17,12216,322
Taxation and social security29,85819,368
Finance lease and HP contracts4,737-
Other creditors228
Accrued liabilities and deferred income55,67073,322
Total138,198121,274
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
5.Obligations under finance leases

2024

2023

££
Finance lease and HP contracts3,245-