07551188falseSales of inkjet cartridges2023-04-012024-03-31http://www.companieshouse.gov.uk/2023-03-31http://www.companieshouse.gov.uk/cd:CompanySecretary12023-04-012024-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-03-31http://www.companieshouse.gov.uk/cd:Director12023-04-012024-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2024-03-31http://www.companieshouse.gov.uk/cd:Director22023-04-012024-03-31http://www.companieshouse.gov.uk/cd:Director32023-04-012024-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-04-012024-03-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-04-012024-03-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-04-012024-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-03-31http://www.companieshouse.gov.uk/2023-04-012024-03-31http://www.companieshouse.gov.uk/2023-03-31http://www.companieshouse.gov.uk/cd:FRS1022023-04-012024-03-31http://www.companieshouse.gov.uk/2024-03-31http://www.companieshouse.gov.uk/cd:FullAccounts2023-04-012024-03-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-04-012024-03-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 07551188

INK TRADER LIMITED

ACCOUNTS
FOR THE YEAR ENDED 31/03/2024

Prepared By:
Sally Gilchrist
1 Fernhurst Drive
Goring by Sea
Worthing
West Sussex
BN12 5AS

INK TRADER LIMITED

ACCOUNTS
FOR THE YEAR ENDED 31/03/2024
DIRECTORS
Jeremy Gilchrist
Simon Gilchrist
BCMY Ltd
SECRETARY
Sally Gilchrist
REGISTERED OFFICE
Unit 1, Fort Road
Wick
Littlehampton
West Sussex
BN17 7QU
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 07551188
ACCOUNTANTS
Sally Gilchrist
1 Fernhurst Drive
Goring by Sea
Worthing
West Sussex
BN12 5AS

INK TRADER LIMITED

ACCOUNTS
FOR THEYEARENDED31/03/2024
CONTENTS
Page
Directors' 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-

INK TRADER LIMITED

BALANCE SHEET AT 31/03/2024
20242023
Notes££
CURRENT ASSETS
Stock914,733778,956
Debtors487,583186,680
Cash at bank and in hand203,246618,156
1,205,5621,583,792
CREDITORS: Amounts falling due within one year5364,294410,573
NET CURRENT ASSETS841,2681,173,219
TOTAL ASSETS LESS CURRENT LIABILITIES841,2681,173,219
CAPITAL AND RESERVES
Called up share capital61,0001,000
Profit and loss account840,2681,172,219
SHAREHOLDERS' FUNDS841,2681,173,219
For the year ending 31/03/2024 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 07/05/2024 and signed on their behalf by
.............................
Jeremy Gilchrist
Director

INK TRADER LIMITED

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2024
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. 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.
2. EMPLOYEES
20242023
No.No.
Average number of employees--
3. STOCK 20242023
££
Stock comprises:
Stock914,733778,956
914,733778,956

INK TRADER LIMITED

4. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors77,195185,349
Trade debtors900900
VAT9,285-
Prepayments203431
87,583186,680
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax81,68191,382
VAT-134,725
Trade creditors273,317176,170
Accruals9,2968,296
364,294410,573
6. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
1000 Ordinary shares of £1 each10001000
1,0001,000