Registered number
07803974
King Trade Solutions Limited
Accounts
For the Year ended
31 December 2023
Oakensen
Chartered Accountants
Bryer Ash Business Park
Trowbridge
Wiltshire
BA14 8HE
King Trade Solutions Limited
Registered number: 07803974
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1 1
Current assets
Cash at bank and in hand 519 519
Creditors: amounts falling due within one year 4 (654) (828)
Net current liabilities (135) (309)
Total assets less current liabilities (134) (308)
Creditors: amounts falling due after more than one year 5 (463) -
Net liabilities (597) (308)
Capital and reserves
Called up share capital 100 100
Profit and loss account (697) (408)
Shareholders' funds (597) (308)
The director is 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 director acknowledges his 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.
J C King
Director
Approved by the board on 18 September 2024
King Trade Solutions 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover is recognised at the point of sale.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 7 years
Creditors
Short term creditors are measured at transaction price, which is usually the invoice price.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery
£
Cost
At 1 January 2023 2,164
At 31 December 2023 2,164
Depreciation
At 1 January 2023 2,163
At 31 December 2023 2,163
Net book value
At 31 December 2023 1
At 31 December 2022 1
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors - 463
Other creditors 654 365
654 828
5 Creditors: amounts falling due after one year 2023 2022
£ £
Other creditors 463 -
6 Other information
King Trade Solutions Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 2, Bryer Ash Business Park
Trowbridge
Wiltshire
BA14 8HE
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