Silverfin false false 29/02/2024 01/03/2023 29/02/2024 Mr M J Evison 20/10/2021 Mr M J Leathley 20/10/2021 29 November 2024 The principal activity of the Company during the year was to offer speciality services to national builders merchants. 13692228 2024-02-29 13692228 bus:Director1 2024-02-29 13692228 bus:Director2 2024-02-29 13692228 2023-02-28 13692228 core:CurrentFinancialInstruments 2024-02-29 13692228 core:CurrentFinancialInstruments 2023-02-28 13692228 core:ShareCapital 2024-02-29 13692228 core:ShareCapital 2023-02-28 13692228 core:RetainedEarningsAccumulatedLosses 2024-02-29 13692228 core:RetainedEarningsAccumulatedLosses 2023-02-28 13692228 2023-03-01 2024-02-29 13692228 bus:FilletedAccounts 2023-03-01 2024-02-29 13692228 bus:SmallEntities 2023-03-01 2024-02-29 13692228 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 13692228 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 13692228 bus:Director1 2023-03-01 2024-02-29 13692228 bus:Director2 2023-03-01 2024-02-29 13692228 2021-10-20 2023-02-28 iso4217:GBP xbrli:pure

Company No: 13692228 (England and Wales)

TRADESCAPE WHOLESALE LIMITED

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

TRADESCAPE WHOLESALE LIMITED

Unaudited Financial Statements

For the financial year ended 29 February 2024

Contents

TRADESCAPE WHOLESALE LIMITED

COMPANY INFORMATION

For the financial year ended 29 February 2024
TRADESCAPE WHOLESALE 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 13692228 (England and Wales)
CHARTERED ACCOUNTANTS Barlow Andrews LLP
Carlyle House
78 Chorley New Road
Bolton
TRADESCAPE WHOLESALE LIMITED

BALANCE SHEET

As at 29 February 2024
TRADESCAPE WHOLESALE LIMITED

BALANCE SHEET (continued)

As at 29 February 2024
Note 29.02.2024 28.02.2023
£ £
Current assets
Stocks 3 218,983 1,500
Debtors 4 309,252 108
Cash at bank and in hand 367,932 364
896,167 1,972
Creditors: amounts falling due within one year 5 ( 763,388) ( 1,077)
Net current assets 132,779 895
Total assets less current liabilities 132,779 895
Net assets 132,779 895
Capital and reserves
Called-up share capital 100 100
Profit and loss account 132,679 795
Total shareholder's funds 132,779 895

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 Wholesale Limited (registered number: 13692228) 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 WHOLESALE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 29 February 2024
TRADESCAPE WHOLESALE 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 Wholesale 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 £.

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.

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.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

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 4 2

3. Stocks

29.02.2024 28.02.2023
£ £
Stocks 218,983 1,500

4. Debtors

29.02.2024 28.02.2023
£ £
Trade debtors 184,152 0
Other debtors 125,100 108
309,252 108

5. Creditors: amounts falling due within one year

29.02.2024 28.02.2023
£ £
Trade creditors 179,498 0
Taxation and social security 70,663 186
Other creditors 513,227 891
763,388 1,077

6. Related party transactions

Other related party transactions

As at the balance sheet date the company was owed the following amount from a related company. The amount is disclosed as Other debtors :
Tradescape Holdings Limited £125,100 (2023: £100).

Also as at the year end the company owed the following amounts to related companies. The amounts are disclosed as Other creditors :
Surfaces Group Limited £229,472 (2023: £138) &
Tradescape Limited £235,998 (2023: £753).