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 is that of the the sale of low maintenance landscaping products online. 13692307 2024-02-29 13692307 bus:Director1 2024-02-29 13692307 bus:Director2 2024-02-29 13692307 core:CurrentFinancialInstruments 2024-02-29 13692307 core:CurrentFinancialInstruments 2023-02-28 13692307 2023-02-28 13692307 core:ShareCapital 2024-02-29 13692307 core:ShareCapital 2023-02-28 13692307 core:RetainedEarningsAccumulatedLosses 2024-02-29 13692307 core:RetainedEarningsAccumulatedLosses 2023-02-28 13692307 2023-03-01 2024-02-29 13692307 bus:FilletedAccounts 2023-03-01 2024-02-29 13692307 bus:SmallEntities 2023-03-01 2024-02-29 13692307 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 13692307 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 13692307 bus:Director1 2023-03-01 2024-02-29 13692307 bus:Director2 2023-03-01 2024-02-29 13692307 1 2023-03-01 2024-02-29 13692307 2021-10-20 2023-02-28 iso4217:GBP xbrli:pure

Company No: 13692307 (England and Wales)

TRADESCAPE MERCHANTS LIMITED
(Formerly Artificial Spaces Limited)

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

TRADESCAPE MERCHANTS LIMITED

Unaudited Financial Statements

For the financial year ended 29 February 2024

Contents

TRADESCAPE MERCHANTS LIMITED

COMPANY INFORMATION

For the financial year ended 29 February 2024
TRADESCAPE MERCHANTS 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 13692307 (England and Wales)
CHARTERED ACCOUNTANTS Barlow Andrews LLP
Carlyle House
78 Chorley New Road
Bolton
TRADESCAPE MERCHANTS LIMITED

BALANCE SHEET

As at 29 February 2024
TRADESCAPE MERCHANTS LIMITED

BALANCE SHEET (continued)

As at 29 February 2024
Note 29.02.2024 28.02.2023
£ £
Current assets
Debtors 3 32,417 3,568
Cash at bank and in hand 12,898 89,942
45,315 93,510
Creditors: amounts falling due within one year 4 ( 35,009) ( 90,355)
Net current assets 10,306 3,155
Total assets less current liabilities 10,306 3,155
Net assets 10,306 3,155
Capital and reserves
Called-up share capital 100 100
Profit and loss account 10,206 3,055
Total shareholder's funds 10,306 3,155

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 Merchants Limited (registered number: 13692307) 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 MERCHANTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 29 February 2024
TRADESCAPE MERCHANTS 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 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

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:

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.

Financial assets
An asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

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.

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 2 2

3. Debtors

29.02.2024 28.02.2023
£ £
Trade debtors 0 188
Other debtors 32,417 3,380
32,417 3,568

4. Creditors: amounts falling due within one year

29.02.2024 28.02.2023
£ £
Trade creditors 17 88,011
Taxation and social security 1,610 844
Other creditors 33,382 1,500
35,009 90,355

5. Related party transactions

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).