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REGISTERED NUMBER: 04012477 (England and Wales)
















Financial Statements for the Year Ended 31 December 2023

for

Tradestock Limited

Tradestock Limited (Registered number: 04012477)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Tradestock Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: D J Babington
D Whitney





REGISTERED OFFICE: Poole Works
Wellington
Somerset
TA21 9HW





REGISTERED NUMBER: 04012477 (England and Wales)





ACCOUNTANTS: Plunkett Yates Limited
1 Charlotte Mews
Pavilion Place
Exeter
Devon
EX2 4HA

Tradestock Limited (Registered number: 04012477)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 12,990 21,616
Tangible assets 5 126,127 119,365
139,117 140,981

CURRENT ASSETS
Stocks 947,807 1,254,106
Debtors 6 2,114,570 2,353,902
Cash at bank and in hand 3,635 38,782
3,066,012 3,646,790
CREDITORS
Amounts falling due within one year 7 2,095,563 2,356,757
NET CURRENT ASSETS 970,449 1,290,033
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,109,566

1,431,014

CREDITORS
Amounts falling due after more than one
year

8

-

(83,333

)

PROVISIONS FOR LIABILITIES (10,208 ) (5,434 )
NET ASSETS 1,099,358 1,342,247

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,099,356 1,342,245
1,099,358 1,342,247

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Tradestock Limited (Registered number: 04012477)

Balance Sheet - continued
31 December 2023


The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2024 and were signed on its behalf by:





D Whitney - Director


Tradestock Limited (Registered number: 04012477)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Tradestock Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:-

Goodwill-5% - 10% straight line
Patents-33% straight line

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Short leasehold - straight line over the life of the lease
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

Tradestock Limited (Registered number: 04012477)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2022 - 29 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and
Goodwill licences Totals
£    £    £   
COST
At 1 January 2023 218,248 196,746 414,994
Additions - 6,810 6,810
At 31 December 2023 218,248 203,556 421,804
AMORTISATION
At 1 January 2023 199,104 194,274 393,378
Amortisation for year 12,444 2,992 15,436
At 31 December 2023 211,548 197,266 408,814
NET BOOK VALUE
At 31 December 2023 6,700 6,290 12,990
At 31 December 2022 19,144 2,472 21,616

Tradestock Limited (Registered number: 04012477)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS
Freehold Short Plant and
property leasehold machinery
£    £    £   
COST
At 1 January 2023 25,878 30,711 376,664
Additions - - 7,964
Disposals - - (1,877 )
At 31 December 2023 25,878 30,711 382,751
DEPRECIATION
At 1 January 2023 - 29,061 307,831
Charge for year - 497 13,008
Eliminated on disposal - - (730 )
At 31 December 2023 - 29,558 320,109
NET BOOK VALUE
At 31 December 2023 25,878 1,153 62,642
At 31 December 2022 25,878 1,650 68,833

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023 80,899 233,761 747,913
Additions - 25,917 33,881
Disposals - - (1,877 )
At 31 December 2023 80,899 259,678 779,917
DEPRECIATION
At 1 January 2023 67,026 224,630 628,548
Charge for year 3,468 8,999 25,972
Eliminated on disposal - - (730 )
At 31 December 2023 70,494 233,629 653,790
NET BOOK VALUE
At 31 December 2023 10,405 26,049 126,127
At 31 December 2022 13,873 9,131 119,365

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 1,495,645 1,446,435
Other debtors 618,925 907,467
2,114,570 2,353,902

Tradestock Limited (Registered number: 04012477)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 531,722 478,633
Trade creditors 618,253 593,819
Taxation and social security 328,186 318,461
Other creditors 617,402 965,844
2,095,563 2,356,757

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans - 83,333

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank loans 528,174 552,036

HSBC has a fixed and floating charges over all the assets and undertakings of Tradestock Ltd.

Hire purchase liabilities are secured over the assets in which they relate to.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in Other debtors is an amount due from a director of £210,528 (2022: £364,678). Interest was charged on overdrawn balances at HMRC's Official Loan Rate. The loan was fully repaid on 6 April 2024.

11. RELATED PARTY DISCLOSURES

Included in debtors is an amount due from Wilscombe Limited, a company under common control of the director, Mr D J Babington, of £302,737 (2022: £296,002).

12. ULTIMATE CONTROLLING PARTY

The controlling party is D J Babington.