Company Registration No. 08425294 (England and Wales)
Trade Link Magazines Ltd
Unaudited accounts
for the year ended 31 March 2024
Trade Link Magazines Ltd
Unaudited accounts
Contents
Trade Link Magazines Ltd
Company Information
for the year ended 31 March 2024
Directors
David Edwards
Tracy Edwards
Company Number
08425294 (England and Wales)
Registered Office
8 PIPPIN CLOSE
NEWENT
GLOS
GL18 1TW
Trade Link Magazines Ltd
Statement of financial position
as at 31 March 2024
Cash at bank and in hand
13,668
10,989
Creditors: amounts falling due within one year
(10,866)
(9,192)
Net current assets
13,605
10,883
Total assets less current liabilities
13,605
11,318
Provisions for liabilities
Called up share capital
4
4
Profit and loss account
13,601
11,232
Shareholders' funds
13,605
11,236
For the year ending 31 March 2024 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2024 and were signed on its behalf by
David Edwards
Director
Company Registration No. 08425294
Trade Link Magazines Ltd
Notes to the Accounts
for the year ended 31 March 2024
Trade Link Magazines Ltd is a private company, limited by shares, registered in England and Wales, registration number 08425294. The registered office is 8 PIPPIN CLOSE, NEWENT, GLOS, GL18 1TW.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 March 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
33.33% straight line
Computer equipment
33.33% straight line
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2023
84
2,464
2,548
At 31 March 2024
84
2,464
2,548
At 1 April 2023
84
2,029
2,113
Charge for the year
-
435
435
At 31 March 2024
84
2,464
2,548
At 31 March 2023
-
435
435
Trade Link Magazines Ltd
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Trade debtors
10,539
8,804
Accrued income and prepayments
264
282
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
-
1,076
Taxes and social security
2,632
2,326
Loans from directors
3,867
2,018
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).