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Registered Number: 03976245
England and Wales

 

 

 


Abridged Accounts

for the year ended 31 December 2023

for

THE TRADE CENTRE (UK) LIMITED

Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of The Trade Centre (Uk) Limited for the year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of The Trade Centre (Uk) Limited for the year ended 31 December 2023 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance.
This report is made solely to the Board of Directors of The Trade Centre (Uk) Limited , as a body, in accordance with the terms of our engagement letter dated .

Our work has been undertaken solely to prepare for your approval the accounts of The Trade Centre (Uk) Limited and state those matters that we have agreed to state to the Board of Directors of The Trade Centre (Uk) Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Trade Centre (Uk) Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that The Trade Centre (Uk) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of The Trade Centre (Uk) Limited . You consider that The Trade Centre (Uk) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of The Trade Centre (Uk) Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts



....................................................
J W Smith & Co Ltd
Oberon House
Ferries Street
Hull
HU9 1RL
25 July 2024
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 505    11,417 
505    11,417 
Current assets      
Stocks 42,000    62,295 
Debtors 13,043    4,315 
Cash at bank and in hand 594,752    739,282 
649,795    805,892 
Creditors: amount falling due within one year (5,951)   (96,899)
Net current assets 643,844    708,993 
 
Total assets less current liabilities 644,349    720,410 
Provisions for liabilities (126)   (2,170)
Net assets 644,223    718,240 
 

Capital and reserves
     
Called up share capital 4 20    20 
Profit and loss account 644,203    718,220 
Shareholders' funds 644,223    718,240 
 


For the year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 25 July 2024 and were signed on its behalf by:


-------------------------------
Heather Dale
Director
2
General Information
The Trade Centre (Uk) Limited is a private company, limited by shares, registered in England and Wales, registration number 03976245, registration address Firdale House , Kilnwick Lane , Lockington, Driffield , East Yorkshire, YO25 9SY.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles 25% Straight Line
Fixtures and Fittings 20% Straight Line
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 3 (2022 : 4).
3.

Tangible fixed assets

Cost or valuation Motor Vehicles   Fixtures and Fittings   Total
  £   £   £
At 01 January 2023 46,244    26,148    72,392 
Additions    
Disposals (46,244)     (46,244)
At 31 December 2023   26,148    26,148 
Depreciation
At 01 January 2023 35,953    25,022    60,975 
Charge for year   621    621 
On disposals (35,953)     (35,953)
At 31 December 2023   25,643    25,643 
Net book values
Closing balance as at 31 December 2023   505    505 
Opening balance as at 01 January 2023 10,291    1,126    11,417 


4.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
2,000 Class A shares of £0.01 each 20    20 
20    20 

3