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REGISTERED NUMBER: 11810195 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 March 2024

for

127 Trading Ltd

127 Trading Ltd (Registered number: 11810195)






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


127 Trading Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: L M Morrison
M H Goodwin
A J Wix
R J Andrews
J E Hayes





REGISTERED OFFICE: 127 Ipswich Street
Stowmarket
Suffolk
IP14 1BB





REGISTERED NUMBER: 11810195 (England and Wales)





ACCOUNTANTS: Knights Lowe Chartered Accountants
Eldo House
Kempson Way
Suffolk Business Park
Bury St Edmunds
Suffolk
IP32 7AR

127 Trading Ltd (Registered number: 11810195)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 42,251 76,013

CURRENT ASSETS
Stocks 7,720 9,024
Debtors 5 24,522 9,034
Cash at bank and in hand 67,679 43,316
99,921 61,374
CREDITORS
Amounts falling due within one year 6 118,583 116,125
NET CURRENT LIABILITIES (18,662 ) (54,751 )
TOTAL ASSETS LESS CURRENT LIABILITIES 23,589 21,262

CREDITORS
Amounts falling due after more than one
year

7

(30,401

)

(36,275

)

PROVISIONS FOR LIABILITIES 8 (10,563 ) (14,442 )
NET LIABILITIES (17,375 ) (29,455 )

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings (17,376 ) (29,456 )
SHAREHOLDERS' FUNDS (17,375 ) (29,455 )

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.

127 Trading Ltd (Registered number: 11810195)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 October 2024 and were signed on its behalf by:





M H Goodwin - Director


127 Trading Ltd (Registered number: 11810195)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

127 Trading Ltd 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 presentation currency of the financial statements is the Pound Sterling (£).


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.

The accounts are prepared on a going concern basis. The Directors have considered the position and the company has the support of its parent company and its Trustees.

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.
Fixtures and fittings - 20-33% 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.

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

127 Trading Ltd (Registered number: 11810195)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

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 37 (2023 - 37 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 112,804
Additions 1,809
Disposals (2,499 )
At 31 March 2024 112,114
DEPRECIATION
At 1 April 2023 36,791
Charge for year 34,183
Eliminated on disposal (1,111 )
At 31 March 2024 69,863
NET BOOK VALUE
At 31 March 2024 42,251
At 31 March 2023 76,013

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 13,559 6,848
Other debtors 10,963 2,186
24,522 9,034

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,882 5,882
Trade creditors 76,166 14,744
Taxation and social security 20,199 26,235
Other creditors 16,336 69,264
118,583 116,125

127 Trading Ltd (Registered number: 11810195)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 30,401 36,275

Amounts falling due in more than five years:

Repayable by instalments
Bank loan 6,872 12,746

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 10,563 14,442

Deferred
tax
£   
Balance at 1 April 2023 14,442
Credit to Income Statement during year (3,879 )
Balance at 31 March 2024 10,563

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary 1 1 1

10. RELATED PARTY DISCLOSURES

127 Trading Ltd traded with a company whose majority owner and director is also a director of 127 Trading Ltd. All transactions were carried out under normal commercial terms on an arms-length basis.