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Company No: 13694557 (England and Wales)

TRADESCAPE LIMITED

Unaudited Financial Statements
For the financial year ended 29 February 2024
Pages for filing with the registrar

TRADESCAPE LIMITED

Unaudited Financial Statements

For the financial year ended 29 February 2024

Contents

TRADESCAPE LIMITED

COMPANY INFORMATION

For the financial year ended 29 February 2024
TRADESCAPE LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 29 February 2024
DIRECTORS Mr M J Evison
Mr M J Leathley
REGISTERED OFFICE Carlyle House
78 Chorley New Road
Bolton
BL1 4BY
United Kingdom
COMPANY NUMBER 13694557 (England and Wales)
CHARTERED ACCOUNTANTS Barlow Andrews LLP
Carlyle House
78 Chorley New Road
Bolton
TRADESCAPE LIMITED

BALANCE SHEET

As at 29 February 2024
TRADESCAPE LIMITED

BALANCE SHEET (continued)

As at 29 February 2024
Note 29.02.2024 28.02.2023
£ £
Fixed assets
Tangible assets 3 41,898 4,818
41,898 4,818
Current assets
Stocks 670,734 650,358
Debtors 4 478,265 914,623
Cash at bank and in hand 411,385 480,614
1,560,384 2,045,595
Creditors: amounts falling due within one year 5 ( 945,012) ( 1,888,218)
Net current assets 615,372 157,377
Total assets less current liabilities 657,270 162,195
Net assets 657,270 162,195
Capital and reserves
Called-up share capital 100 100
Profit and loss account 657,170 162,095
Total shareholder's funds 657,270 162,195

For the financial year ending 29 February 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Tradescape Limited (registered number: 13694557) were approved and authorised for issue by the Board of Directors on 29 November 2024. They were signed on its behalf by:

Mr M J Leathley
Director
TRADESCAPE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 29 February 2024
TRADESCAPE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 29 February 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Tradescape Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Carlyle House, 78 Chorley New Road, Bolton, BL1 4BY, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings not depreciated
Plant and machinery 15 % reducing balance
Computer equipment 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

2. Employees

Year ended
29.02.2024
Period from
20.10.2021 to
28.02.2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Land and buildings Plant and machinery Computer equipment Total
£ £ £ £
Cost
At 01 March 2023 0 4,298 1,053 5,351
Additions 20,652 0 18,445 39,097
At 29 February 2024 20,652 4,298 19,498 44,448
Accumulated depreciation
At 01 March 2023 0 363 170 533
Charge for the financial year 0 590 1,427 2,017
At 29 February 2024 0 953 1,597 2,550
Net book value
At 29 February 2024 20,652 3,345 17,901 41,898
At 28 February 2023 0 3,935 883 4,818

4. Debtors

29.02.2024 28.02.2023
£ £
Trade debtors 184,516 103,640
Other debtors 293,749 810,983
478,265 914,623

5. Creditors: amounts falling due within one year

29.02.2024 28.02.2023
£ £
Trade creditors 201,175 1,759,936
Taxation and social security 252,423 106,475
Other creditors 491,414 21,807
945,012 1,888,218

6. Related party transactions

Other related party transactions

As at the balance sheet date the company was owed the following amounts from related companies. The amounts are disclosed as Other debtors :
Surfaces Group Limited £nil (2023:£782,410)
Surfaces HR & Safety Limited £nil (2023: £25,273)
Tradescape Wholesale Limited £235,998 (2023:£753)
Tradescape Holdings Limited £100 (2023:£100) &
Tilson Manufacturing Limited £57,550 (2023: £2,447).

Also as at the balance sheet date the company owed the following amount to a related party. The amount is disclosed as Other creditors:
Tradescape Merchants Limited £32,317 (2023:£2,308)
Surfaces HR & Safety Limited £149,102 (2023:£nil) &
Surfaces Group Limited £263,569 (2023:£nil) .