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REGISTERED NUMBER: 11947321 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Trade Plastering Ltd

Trade Plastering Ltd (Registered number: 11947321)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Trade Plastering Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTOR: M N Bhudia





REGISTERED OFFICE: 620 Kenton Lane
Harrow
Middlesex
HA3 7LG





REGISTERED NUMBER: 11947321 (England and Wales)





ACCOUNTANTS: Kallis LLP
Chartered Certified Accountant
22 Westward Way
Harrow
Middlesex
HA3 0SE

Trade Plastering Ltd (Registered number: 11947321)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 2,900
Tangible assets 5 38,529 25,930
38,529 28,830

CURRENT ASSETS
Debtors 6 52,497 77,987
Cash at bank 222,268 158,285
274,765 236,272
CREDITORS
Amounts falling due within one year 7 43,983 50,833
NET CURRENT ASSETS 230,782 185,439
TOTAL ASSETS LESS CURRENT
LIABILITIES

269,311

214,269

CREDITORS
Amounts falling due after more than one
year

8

39,143

30,505
NET ASSETS 230,168 183,764

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 230,068 183,664
SHAREHOLDERS' FUNDS 230,168 183,764

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Trade Plastering Ltd (Registered number: 11947321)

Balance Sheet - continued
31 May 2024


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 director and authorised for issue on 26 June 2024 and were signed by:





M N Bhudia - Director


Trade Plastering Ltd (Registered number: 11947321)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Trade Plastering 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. 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.

Goodwill
Purchased goodwill is initially recognised at cost. After recognition purchased goodwill is amortised over its expected useful life and measured at cost less accumulated amortisation.

Goodwill is considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceeds 5 years.

Tangible fixed assets
Tangible assets are initially recorded at cost,and are subsequently stated at cost less any accumulated depreciation and impairment losses.Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluationless any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated life

Motor vehicles - 25% on reducing balance
Tools & equipments - 25% on reducing balance

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 balance sheet date.


Trade Plastering Ltd (Registered number: 11947321)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 14,500
AMORTISATION
At 1 June 2023 11,600
Amortisation for year 2,900
At 31 May 2024 14,500
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 2,900

Trade Plastering Ltd (Registered number: 11947321)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

5. TANGIBLE FIXED ASSETS
Motor Tools &
vehicles equipment Totals
£    £    £   
COST
At 1 June 2023 45,858 7,755 53,613
Additions 38,701 1,249 39,950
Disposals (25,829 ) - (25,829 )
At 31 May 2024 58,730 9,004 67,734
DEPRECIATION
At 1 June 2023 22,878 4,805 27,683
Charge for year 11,794 1,050 12,844
Eliminated on disposal (11,322 ) - (11,322 )
At 31 May 2024 23,350 5,855 29,205
NET BOOK VALUE
At 31 May 2024 35,380 3,149 38,529
At 31 May 2023 22,980 2,950 25,930

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 June 2023 45,858
Additions 38,701
Disposals (25,829 )
At 31 May 2024 58,730
DEPRECIATION
At 1 June 2023 22,878
Charge for year 11,794
Eliminated on disposal (11,322 )
At 31 May 2024 23,350
NET BOOK VALUE
At 31 May 2024 35,380
At 31 May 2023 22,980

Trade Plastering Ltd (Registered number: 11947321)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 41,228 75,618
VAT 6,806 -
Prepayments 4,463 2,369
52,497 77,987

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 9,736 8,621
Trade creditors 4,326 5,049
Tax 15,798 20,546
VAT - 242
Directors' current accounts 1,160 3,612
Accrued expenses 2,963 2,763
43,983 50,833

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans - 2-5 years 10,833 20,832
Hire purchase contracts 28,310 9,673
39,143 30,505

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
100 Ordinary 1 100 100