09006393falseRETAIL SALE2023-05-012024-04-30http://www.companieshouse.gov.uk/2023-04-30http://www.companieshouse.gov.uk/pt:ShareCapital2023-04-30http://www.companieshouse.gov.uk/cd:Director12023-05-012024-04-30http://www.companieshouse.gov.uk/pt:ShareCapital2024-04-30http://www.companieshouse.gov.uk/pt:ToolsEquipment2023-04-30http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-05-012024-04-30http://www.companieshouse.gov.uk/pt:ToolsEquipment2024-04-30http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-05-012024-04-30http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-05-012024-04-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-04-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-04-30http://www.companieshouse.gov.uk/2023-05-012024-04-30http://www.companieshouse.gov.uk/2023-04-30http://www.companieshouse.gov.uk/cd:FRS1022023-05-012024-04-30http://www.companieshouse.gov.uk/2024-04-30http://www.companieshouse.gov.uk/cd:FullAccounts2023-05-012024-04-30http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-05-012024-04-30iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 09006393

X-TRADE LTD

ACCOUNTS
FOR THE YEAR ENDED 30/04/2024

Prepared By:
Primus Accounting Ltd
896 Woodborough Road
Nottingham
NG3 5QR

X-TRADE LTD

ACCOUNTS
FOR THE YEAR ENDED 30/04/2024
DIRECTORS
MARCIN KOSTRZEWA
REGISTERED OFFICE
14 MYRTLE AVENUE
NOTTINGHAM
NG7 6NR
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 09006393
ACCOUNTANTS
Primus Accounting Ltd
896 Woodborough Road
Nottingham
NG3 5QR

X-TRADE LTD

ACCOUNTS
FOR THEYEARENDED30/04/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

X-TRADE LTD

BALANCE SHEET AT 30/04/2024
20242023
Notes££
FIXED ASSETS
Tangible assets395191
CURRENT ASSETS
Stock103,58047,887
Debtors521,84520,941
Cash at bank and in hand12,66918,204
138,09487,032
CREDITORS: Amounts falling due within one year686,46630,217
NET CURRENT ASSETS51,62856,815
TOTAL ASSETS LESS CURRENT LIABILITIES51,72357,006
CREDITORS: Amounts falling due after more than one year721,71132,147
NET ASSETS30,01224,859
CAPITAL AND RESERVES
Called up share capital82,0002,000
Profit and loss account28,01222,859
SHAREHOLDERS' FUNDS30,01224,859
For the year ending 30/04/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 15/10/2024 and signed on their behalf by
.............................
MARCIN KOSTRZEWA
Director

X-TRADE LTD

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/04/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Equipmentreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
2. EMPLOYEES
20242023
No.No.
Average number of employees--

X-TRADE LTD

3. TANGIBLE FIXED ASSETS
EquipmentTotal
££
Cost
At 01/05/20231,4601,460
At 30/04/20241,4601,460
Depreciation
At 01/05/20231,2691,269
For the year9696
At 30/04/20241,3651,365
Net Book Amounts
At 30/04/20249595
At 30/04/2023191191
4. STOCK 20242023
££
Stock comprises:
Stock103,58047,887
103,58047,887
5. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors7,8456,941
Other debtors713713
Prepayments13,28713,287
21,84520,941
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax1,2325,568
VAT16,947-
Directors current account13,640-
Trade creditors49,13918,082
Other creditors5,5086,567
86,46630,217

X-TRADE LTD

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Bank loans (unsecured) >1yr21,71132,147
21,71132,147
8. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
2000 Ordinary shares of £1 each20002000
2,0002,000