UK TRADE CARS LIMITED

Company Registration Number:
08530386 (England and Wales)

Unaudited abridged accounts for the year ended 30 November 2023

Period of accounts

Start date: 01 December 2022

End date: 30 November 2023

UK TRADE CARS LIMITED

Contents of the Financial Statements

for the Period Ended 30 November 2023

Balance sheet
Notes

UK TRADE CARS LIMITED

Balance sheet

As at 30 November 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 21,088 52,407
Total fixed assets: 21,088 52,407
Current assets
Stocks: 344,014 487,643
Debtors:   44,607 53,096
Cash at bank and in hand: 184,776 229,218
Total current assets: 573,397 769,957
Creditors: amounts falling due within one year:   (480,955) (583,464)
Net current assets (liabilities): 92,442 186,493
Total assets less current liabilities: 113,530 238,900
Creditors: amounts falling due after more than one year:   (75,962) (133,858)
Total net assets (liabilities): 37,568 105,042
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 37,468 104,942
Shareholders funds: 37,568 105,042

The notes form part of these financial statements

UK TRADE CARS LIMITED

Balance sheet statements

For the year ending 30 November 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 30 August 2024
and signed on behalf of the board by:

Name: Paul Sanderson
Status: Director

The notes form part of these financial statements

UK TRADE CARS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable excluding value added taxation.

Tangible fixed assets and depreciation policy

Depreciation is provided at 20% on a reducing balance basis on order to write off each asset over its estimated useful life.

UK TRADE CARS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

2. Employees

2023 2022
Average number of employees during the period 2 2

UK TRADE CARS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

3. Tangible Assets

Total
Cost £
At 01 December 2022 102,070
Additions 769
Disposals (44,692)
At 30 November 2023 58,147
Depreciation
At 01 December 2022 49,663
Charge for year 5,273
On disposals (17,877)
At 30 November 2023 37,059
Net book value
At 30 November 2023 21,088
At 30 November 2022 52,407