Registered number
06742066
PREDATOR TRADING LIMITED
Unaudited Filleted Accounts
31 December 2023
PREDATOR TRADING LIMITED
Registered number: 06742066
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 255,740 -
255,740 -
Current assets
Stocks 110,880 53,727
Debtors 4 38,045 88,142
Cash at bank and in hand 31,509 195,175
180,434 337,044
Creditors: amounts falling due within one year 5 (130,114) (52,972)
Net current assets 50,320 284,072
Total assets less current liabilities 306,060 284,072
Creditors: amounts falling due after more than one year 6 (29,868) (35,382)
Provisions for liabilities - -
Net assets 276,192 248,690
Capital and reserves
Called up share capital 100 100
Profit and loss account 276,092 248,590
Shareholders' funds 276,192 248,690
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.
Mr Deep Gupta
Director
Approved by the board on 20 September 2024
PREDATOR TRADING 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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Intangible fixed assets
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Freehold Land and buildings Total
£ £
Cost
At 1 January 2023 - -
Additions 258,323 258,323
Disposals - -
At 31 December 2023 258,323 258,323
Depreciation
At 1 January 2023 - -
Charge for the year 2,583 2,583
On disposals - -
At 31 December 2023 2,583 2,583
Net book value
At 31 December 2023 255,740 255,740
At 31 December 2022 - -
4 Debtors 2023 2022
£ £
Trade debtors 38,045 57,686
Other debtors - 30,456
38,045 88,142
Amounts due after more than one year included above - -
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loan (Note 7) 5,514 5,514
Trade creditors 7,785 5,154
Taxation and social security costs 12,195 17,711
Other creditors 104,620 24,593
130,114 52,972
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loan (Note 7) 29,868 35,382
29,868 35,382
7 Loans 2023 2022
£ £
Creditors include:
Instalments falling due for payment after more than five years 7,812 13,326
7,812 13,326
This is Government backed Bounce Back Loan.
8 Controlling party
The company is controlled by the director who together with his family owns 100% of the issued share capital.
9 Other information
PREDATOR TRADING LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
187 Shepherds Bush Market
London
W12 8DF
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