2023-01-012023-12-312023-12-31false09435889TRADECORE INTERNATIONAL 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TRADECORE INTERNATIONAL LIMITED

Registered Number
09435889
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

TRADECORE INTERNATIONAL LIMITED
Company Information
for the year from 1 January 2023 to 31 December 2023

Director

MASSIMIANI, Jason

Registered Address

Unit B1 Millbrook Close
Chandler's Ford
Eastleigh
SO53 4BZ

Registered Number

09435889 (England and Wales)
TRADECORE INTERNATIONAL LIMITED
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets349,09414,143
49,09414,143
Current assets
Stocks591,878377,502
Debtors42,511,2461,558,717
Cash at bank and on hand547,452591,802
3,650,5762,528,021
Creditors amounts falling due within one year5(2,041,346)(1,246,642)
Net current assets (liabilities)1,609,2301,281,379
Total assets less current liabilities1,658,3241,295,522
Net assets1,658,3241,295,522
Capital and reserves
Called up share capital1111
Profit and loss account1,658,3131,295,511
Shareholders' funds1,658,3241,295,522
The financial statements were approved and authorised for issue by the Director on 11 October 2024, and are signed on its behalf by:
MASSIMIANI, Jason
Director
Registered Company No. 09435889
TRADECORE INTERNATIONAL LIMITED
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Revenue from rendering of services
Revenue 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Defined contribution pension plan
The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.
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.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Fixtures and fittings4
Office Equipment4
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20232022
Average number of employees during the year1511
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 January 2331,806
Additions42,810
At 31 December 2374,616
Depreciation and impairment
At 01 January 2317,663
Charge for year7,859
At 31 December 2325,521
Net book value
At 31 December 2349,094
At 31 December 2214,143
4.Debtors: amounts due within one year

2023

2022

££
Trade debtors / trade receivables1,589,7071,108,481
Amounts owed by group undertakings18,73616,386
Other debtors82,286104,417
Prepayments and accrued income820,517329,433
Total2,511,2461,558,717
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.
5.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables1,014,807725,979
Bank borrowings and overdrafts1,551-
Amounts owed to related parties130,670129,455
Taxation and social security174,685144,816
Other creditors714,192244,760
Accrued liabilities and deferred income5,4411,632
Total2,041,3461,246,642
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.
6.Directors advances, credits and guarantees