Registered number
OC384775
EXTRA TRADE LLP
Filleted Accounts
30 April 2023
EXTRA TRADE LLP
Registered number: OC384775
Balance Sheet
as at 30 April 2023
Notes 2023 2022
Current assets
Debtors 3 5,066,067 9,232,933
Cash at bank and in hand 352 1,914
5,066,419 9,234,847
Creditors: amounts falling due within one year 4 (4,387,000) (8,606,911)
Net current assets 679,419 627,936
Total assets less current liabilities 679,419 627,936
Net assets attributable to members 679,419 627,936
Represented by:
Members' other interests
Members' capital classified as equity 2 2
Other reserves 679,417 627,934
679,419 627,936
679,419 627,936
Total members' interests
Members' other interests 679,419 627,936
679,419 627,936
For the year ended 30 April 2023 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied to LLPs).
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
These accounts were approved by the members on 19 September 2024 and signed on their behalf by:
Eduard Ziankovich
Designated member
EXTRA TRADE LLP
Notes to the Accounts
for the year ended 30 April 2023
1 Accounting policies
Basis of preparation
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) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. 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.
Taxation
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
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.
Members' capital
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital to members, even if that obligation is conditional.
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the LLP 0 0
3 Debtors 2023 2022
Trade debtors 4,407,350 8,622,362
Prepayments 2,930 1,395
Other debtors 655,787 609,176
5,066,067 9,232,933
4 Creditors: amounts falling due within one year 2023 2022
Trade creditors 4,383,579 8,603,357
Other creditors 3,421 3,554
4,387,000 8,606,911
5 Other information
EXTRA TRADE LLP is a limited liability partnership incorporated in England. Its registered office is:
5 St John's Lane
London
United Kingdom
EC1M 4BH
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