Registered number
04031230
Traderserve Limited
Filleted Accounts
31 December 2023
Traderserve Limited
Registered number: 04031230
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 1 1
Tangible assets 4 691 922
692 923
Current assets
Cash at bank and in hand 151,998 231,244
Creditors: amounts falling due within one year 5 (5,788) (63,121)
Net current assets 146,210 168,123
Total assets less current liabilities 146,902 169,046
Creditors: amounts falling due after more than one year 6 (42,805) (42,805)
Net assets 104,097 126,241
Capital and reserves
Called up share capital 3,614 3,614
Share premium 1,308,707 1,308,707
Profit and loss account (1,208,224) (1,186,080)
Shareholders' funds 104,097 126,241
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
N Idelson
Director
Approved by the board on 18 September 2024
Traderserve Limited
Notes to the Accounts
for the year ended 31 December 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).
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.
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Intangible fixed assets £
Goodwill:
Cost
At 1 January 2023 109,474
At 31 December 2023 109,474
Amortisation
At 1 January 2023 109,473
At 31 December 2023 109,473
Net book value
At 31 December 2023 1
At 31 December 2022 1
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2023 32,314
At 31 December 2023 32,314
Depreciation
At 1 January 2023 31,392
Charge for the year 231
At 31 December 2023 31,623
Net book value
At 31 December 2023 691
At 31 December 2022 922
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 5,362 -
Other taxes and social security costs 426 874
Other creditors - 62,247
5,788 63,121
6 Creditors: amounts falling due after one year 2023 2022
£ £
Other creditors 42,805 42,805
7 Other information
Traderserve Limited is a private company limited by shares and incorporated in England. Its registered office is:
12-16 Laystall Street
Clerkenwell
London
EC1R 4PF
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