IRIS Accounts Production v24.3.0.553 09042874 Board of Directors 1.2.23 31.1.24 31.1.24 true false true false false true false Ordinary 1.00000 44125 87604 1201366 701525 1240198 745004 5293 44125 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh090428742023-01-31090428742024-01-31090428742023-02-012024-01-31090428742022-01-31090428742022-02-012023-01-31090428742023-01-3109042874ns15:EnglandWales2023-02-012024-01-3109042874ns14:PoundSterling2023-02-012024-01-3109042874ns10:Director12023-02-012024-01-3109042874ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3109042874ns10:SmallEntities2023-02-012024-01-3109042874ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3109042874ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3109042874ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3109042874ns10:FullAccounts2023-02-012024-01-3109042874ns10:OrdinaryShareClass12023-02-012024-01-310904287442ns10:Director22023-01-310904287442ns10:Director22022-01-310904287442ns10:Director22023-02-012024-01-310904287442ns10:Director22022-02-012023-01-310904287442ns10:Director22024-01-310904287442ns10:Director22023-01-3109042874ns10:Director22023-02-012024-01-3109042874ns10:CompanySecretary12023-02-012024-01-3109042874ns10:RegisteredOffice2023-02-012024-01-3109042874ns5:CurrentFinancialInstruments2024-01-3109042874ns5:CurrentFinancialInstruments2023-01-3109042874ns5:ShareCapital2024-01-3109042874ns5:ShareCapital2023-01-3109042874ns5:SharePremium2024-01-3109042874ns5:SharePremium2023-01-3109042874ns5:RetainedEarningsAccumulatedLosses2024-01-3109042874ns5:RetainedEarningsAccumulatedLosses2023-01-3109042874ns5:FurnitureFittings2023-01-3109042874ns5:ComputerEquipment2023-01-3109042874ns5:FurnitureFittings2023-02-012024-01-3109042874ns5:ComputerEquipment2023-02-012024-01-3109042874ns5:FurnitureFittings2024-01-3109042874ns5:ComputerEquipment2024-01-3109042874ns5:FurnitureFittings2023-01-3109042874ns5:ComputerEquipment2023-01-3109042874ns5:CostValuation2023-01-3109042874ns5:AdditionsToInvestments2024-01-3109042874ns5:DisposalsRepaymentsInvestments2024-01-3109042874ns5:RevaluationsIncreaseDecreaseInInvestments2024-01-3109042874ns5:CostValuation2024-01-3109042874ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-01-3109042874ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-3109042874ns10:OrdinaryShareClass12024-01-31090428741ns10:Director12023-01-31090428741ns10:Director12022-01-31090428741ns10:Director12023-02-012024-01-31090428741ns10:Director12022-02-012023-01-31090428741ns10:Director12024-01-31090428741ns10:Director12023-01-31
REGISTERED NUMBER: 09042874 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

TRADE RADIATORS LIMITED

TRADE RADIATORS LIMITED (REGISTERED NUMBER: 09042874)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TRADE RADIATORS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: Mr J C H Auckland
Mr N R Auckland



SECRETARY: Mr J C H Auckland



REGISTERED OFFICE: 12 Victoria Road
Barnsley
South Yorkshire
S70 2BB



REGISTERED NUMBER: 09042874 (England and Wales)



ACCOUNTANTS: Gibson Booth Limited
12 Victoria Road
Barnsley
South Yorkshire
S70 2BB



BANKERS: Yorkshire Bank
11 Smithy Row
Nottingham
Nottinghamshire
NG1 2AU

TRADE RADIATORS LIMITED (REGISTERED NUMBER: 09042874)

BALANCE SHEET
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,496 5,431
Investments 5 822,475 1,302,557
827,971 1,307,988

CURRENT ASSETS
Stocks 6 51,207 80,847
Debtors 7 2,266,482 2,170,742
Cash at bank 104,639 186,938
2,422,328 2,438,527
CREDITORS
Amounts falling due within one year 8 577,416 698,167
NET CURRENT ASSETS 1,844,912 1,740,360
TOTAL ASSETS LESS CURRENT LIABILITIES 2,672,883 3,048,348

PROVISIONS FOR LIABILITIES 1,374 1,358
NET ASSETS 2,671,509 3,046,990

CAPITAL AND RESERVES
Called up share capital 9 300 300
Share premium 1,778,000 1,778,000
Retained earnings 893,209 1,268,690
SHAREHOLDERS' FUNDS 2,671,509 3,046,990

TRADE RADIATORS LIMITED (REGISTERED NUMBER: 09042874)

BALANCE SHEET - continued
31 JANUARY 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

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 15 October 2024 and were signed on its behalf by:





Mr J C H Auckland - Director


TRADE RADIATORS LIMITED (REGISTERED NUMBER: 09042874)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Trade Radiators 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about Trade Radiators Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Significant judgements and estimates
No judgements have been made in the process of applying the below accounting policies that have had the most significant effect on amounts recognised in the financial statements.

There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing material adjustment to the carrying amount of assets and liabilities within the next financial year.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts

Turnover from the sale of radiators and bathroom furniture is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount off turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.

TRADE RADIATORS LIMITED (REGISTERED NUMBER: 09042874)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes all costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings- 20% on cost
Equipment- 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport and handling costs in bringing stocks to their present location and condition.

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.

Investments
Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through the profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

TRADE RADIATORS LIMITED (REGISTERED NUMBER: 09042874)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings Equipment Totals
£    £    £   
COST
At 1 February 2023 4,722 20,055 24,777
Additions 2,945 169 3,114
Disposals - (1,098 ) (1,098 )
At 31 January 2024 7,667 19,126 26,793
DEPRECIATION
At 1 February 2023 4,665 14,681 19,346
Charge for year 450 2,599 3,049
Eliminated on disposal - (1,098 ) (1,098 )
At 31 January 2024 5,115 16,182 21,297
NET BOOK VALUE
At 31 January 2024 2,552 2,944 5,496
At 31 January 2023 57 5,374 5,431

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 February 2023 1,302,557
Additions 449,274
Disposals (961,139 )
Revaluations 31,783
At 31 January 2024 822,475
NET BOOK VALUE
At 31 January 2024 822,475
At 31 January 2023 1,302,557


TRADE RADIATORS LIMITED (REGISTERED NUMBER: 09042874)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

6. STOCKS
31.1.24 31.1.23
£    £   
Stocks 51,207 80,847

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Amounts owed by group undertakings 2,257,354 2,122,713
Directors' current accounts 5,293 44,125
Prepayments and accrued income 3,835 3,904
2,266,482 2,170,742

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 2,590 -
Trade creditors 407,614 466,587
Corporation tax 36,350 102,429
Social security and other taxes 3,953 5,365
VAT 51,604 62,993
Other creditors 72,305 58,359
Accruals and deferred income 3,000 2,434
577,416 698,167

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
300 Ordinary £1 300 300

TRADE RADIATORS LIMITED (REGISTERED NUMBER: 09042874)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2024 and 31 January 2023:

31.1.24 31.1.23
£    £   
Mr J C H Auckland and Mr N R Auckland
Balance outstanding at start of year 44,125 87,604
Amounts advanced 1,201,366 701,525
Amounts repaid (1,240,198 ) (745,004 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,293 44,125

11. ULTIMATE CONTROLLING PARTY

The ultimate parent undertaking is Trade Investment & Holdings Ltd.

The parent company's registered office address is;

Hall Farm house
Chapel Lane
Costock
Loughborough
LE12 6UY