IRIS Accounts Production v24.2.0.383 14037989 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false Ordinary A 1.00000 Ordinary B 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh140379892023-03-31140379892024-03-31140379892023-04-012024-03-31140379892022-04-10140379892022-04-112023-03-31140379892023-03-3114037989ns15:EnglandWales2023-04-012024-03-3114037989ns14:PoundSterling2023-04-012024-03-3114037989ns10:Director12023-04-012024-03-3114037989ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3114037989ns10:SmallEntities2023-04-012024-03-3114037989ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3114037989ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3114037989ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3114037989ns10:FullAccounts2023-04-012024-03-3114037989ns10:OrdinaryShareClass12023-04-012024-03-3114037989ns10:OrdinaryShareClass22023-04-012024-03-3114037989ns10:Director22023-04-012024-03-3114037989ns10:Director32023-04-012024-03-3114037989ns10:RegisteredOffice2023-04-012024-03-3114037989ns5:CurrentFinancialInstruments2024-03-3114037989ns5:CurrentFinancialInstruments2023-03-3114037989ns5:ShareCapital2024-03-3114037989ns5:ShareCapital2023-03-3114037989ns5:RetainedEarningsAccumulatedLosses2024-03-3114037989ns5:RetainedEarningsAccumulatedLosses2023-03-3114037989ns5:LeaseholdImprovements2023-04-012024-03-3114037989ns5:PlantMachinery2023-04-012024-03-3114037989ns5:FurnitureFittings2023-04-012024-03-3114037989ns5:ComputerEquipment2023-04-012024-03-3114037989ns5:LeaseholdImprovements2023-03-3114037989ns5:PlantMachinery2023-03-3114037989ns5:FurnitureFittings2023-03-3114037989ns5:LeaseholdImprovements2024-03-3114037989ns5:PlantMachinery2024-03-3114037989ns5:FurnitureFittings2024-03-3114037989ns5:LeaseholdImprovements2023-03-3114037989ns5:PlantMachinery2023-03-3114037989ns5:FurnitureFittings2023-03-3114037989ns5:MotorVehicles2023-03-3114037989ns5:ComputerEquipment2023-03-3114037989ns5:MotorVehicles2023-04-012024-03-3114037989ns5:MotorVehicles2024-03-3114037989ns5:ComputerEquipment2024-03-3114037989ns5:MotorVehicles2023-03-3114037989ns5:ComputerEquipment2023-03-3114037989ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3114037989ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-3114037989ns10:OrdinaryShareClass12024-03-3114037989ns10:OrdinaryShareClass22024-03-31
REGISTERED NUMBER: 14037989 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

TRADE COUNTER MATE LIMITED

TRADE COUNTER MATE LIMITED (REGISTERED NUMBER: 14037989)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TRADE COUNTER MATE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: A P Davies
P A R Davies
E P Norris





REGISTERED OFFICE: 30/34 North Street
Hailsham
United Kingdom
East Sussex
BN27 1DW





REGISTERED NUMBER: 14037989 (England and Wales)





ACCOUNTANTS: Watson Associates (Professional Services) Limited
30 - 34 North Street
Hailsham
East Sussex
BN27 1DW

TRADE COUNTER MATE LIMITED (REGISTERED NUMBER: 14037989)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 75,322 55,906

CURRENT ASSETS
Stocks 27,980 29,965
Debtors 5 119,618 83,991
Cash at bank and in hand 3,481 37,814
151,079 151,770
CREDITORS
Amounts falling due within one year 6 (522,208 ) (337,177 )
NET CURRENT LIABILITIES (371,129 ) (185,407 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(295,807

)

(129,501

)

PROVISIONS FOR LIABILITIES (18,831 ) (10,622 )
NET LIABILITIES (314,638 ) (140,123 )

CAPITAL AND RESERVES
Called up share capital 7 90 90
Retained earnings (314,728 ) (140,213 )
SHAREHOLDERS' FUNDS (314,638 ) (140,123 )

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

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

TRADE COUNTER MATE LIMITED (REGISTERED NUMBER: 14037989)

BALANCE SHEET - continued
31 MARCH 2024


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 October 2024 and were signed on its behalf by:





P A R Davies - Director


TRADE COUNTER MATE LIMITED (REGISTERED NUMBER: 14037989)

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

1. STATUTORY INFORMATION

Trade Counter Mate 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% 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.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, and loans to related parties.

Debt instruments that are payable or receivable within one year, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received; other debt instruments are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the balance sheet only when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

TRADE COUNTER MATE LIMITED (REGISTERED NUMBER: 14037989)

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

2. ACCOUNTING POLICIES - continued

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.

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 7 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2023 21,699 31,750 5,045
Additions 12,016 10,260 -
At 31 March 2024 33,715 42,010 5,045
DEPRECIATION
At 1 April 2023 1,948 3,492 510
Charge for year 4,106 6,165 455
At 31 March 2024 6,054 9,657 965
NET BOOK VALUE
At 31 March 2024 27,661 32,353 4,080
At 31 March 2023 19,751 28,258 4,535

TRADE COUNTER MATE LIMITED (REGISTERED NUMBER: 14037989)

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

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 - 4,224 62,718
Additions 10,000 2,122 34,398
At 31 March 2024 10,000 6,346 97,116
DEPRECIATION
At 1 April 2023 - 862 6,812
Charge for year 2,500 1,756 14,982
At 31 March 2024 2,500 2,618 21,794
NET BOOK VALUE
At 31 March 2024 7,500 3,728 75,322
At 31 March 2023 - 3,362 55,906

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 49,053 10,644
Other debtors 70,565 73,347
119,618 83,991

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 23,332 -
Trade creditors 193,598 118,113
Amounts owed to group undertakings 166,992 112,131
Taxation and social security 36,031 22,855
Other creditors 102,255 84,078
522,208 337,177

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
60 Ordinary A £1 60 60
30 Ordinary B £1 30 30
90 90

TRADE COUNTER MATE LIMITED (REGISTERED NUMBER: 14037989)

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

8. RELATED PARTY DISCLOSURES

At the balance sheet date the company owes £166,692 (2023: £112,131) to Trade Counter Mate Swindon Limited, the owner of 60% of the issued share capital in the company. All amounts are interest-free and repayable on demand.