Company No:
Contents
DIRECTORS | Mr M J Evison |
Mr M J Leathley |
REGISTERED OFFICE | Carlyle House |
78 Chorley New Road | |
Bolton | |
BL1 4BY | |
United Kingdom |
COMPANY NUMBER | 13692307 (England and Wales) |
CHARTERED ACCOUNTANTS | Barlow Andrews LLP |
Carlyle House | |
78 Chorley New Road | |
Bolton |
Note | 29.02.2024 | 28.02.2023 | ||
£ | £ | |||
Current assets | ||||
Debtors | 3 |
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Cash at bank and in hand |
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45,315 | 93,510 | |||
Creditors: amounts falling due within one year | 4 | (
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Net current assets | 10,306 | 3,155 | ||
Total assets less current liabilities | 10,306 | 3,155 | ||
Net assets |
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Capital and reserves | ||||
Called-up share capital |
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Profit and loss account |
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Total shareholder's funds |
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Directors' responsibilities:
The financial statements of Tradescape Merchants Limited (registered number:
Mr M J Leathley
Director |
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.
Tradescape Merchants 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 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 £.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.
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.
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.
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.
Financial assets
Where indicators exist for a decrease in impairment loss, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.
For financial assets carried at amortised cost, the amount of impairment is the difference between the asset’s carrying amount and the present value of estimated future cash flows, discounted at the financial asset’s original effective interest rate.
For financial assets carried at cost less impairment, the impairment loss is the difference between the asset’s carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date.
Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.
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.
Year ended 29.02.2024 |
Period from 20.10.2021 to 28.02.2023 |
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Number | Number | ||
Monthly average number of persons employed by the Company during the year, including directors |
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29.02.2024 | 28.02.2023 | ||
£ | £ | ||
Trade debtors |
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Other debtors |
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29.02.2024 | 28.02.2023 | ||
£ | £ | ||
Trade creditors |
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Taxation and social security |
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Other creditors |
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Other related party transactions
As at the balance sheet date the company was owed the following amounts by related companies. The amounts are disclosed as Other debtors :
Surfaces Group Limited £nil (2023: £972)
Tilson Holdings Limited £nil (2023: £100) &
Tradescape Limited £32,317 (2023: £2,308).
As at the balance sheet date the company owed the following amounts to related companies. The amounts are disclosed as Other Creditors:
Surfaces Group £31,843 (2023:£nil).