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REGISTERED NUMBER: 13971557 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31st March 2024

for

Trade Smart Building Plastics Ltd

Trade Smart Building Plastics Ltd (Registered number: 13971557)






Contents of the Financial Statements
for the Year Ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Trade Smart Building Plastics Ltd

Company Information
for the Year Ended 31st March 2024







DIRECTORS: D J Ridgway
Mrs R L Ridgway
E T Ridgway





REGISTERED OFFICE: Unit 2271h Dunbeath Road
Elgin Industrial Estate
Swindon
SN2 8EA





REGISTERED NUMBER: 13971557 (England and Wales)





ACCOUNTANTS: Bew & Co Limited
Chartered Accountants
130 High Street
Marlborough
Wiltshire
SN8 1LZ

Trade Smart Building Plastics Ltd (Registered number: 13971557)

Balance Sheet
31st March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,144 9,186

CURRENT ASSETS
Stocks 40,000 40,000
Debtors 5 22,437 17,580
Cash at bank and in hand 9,280 10,776
71,717 68,356
CREDITORS
Amounts falling due within one year 6 99,010 99,913
NET CURRENT LIABILITIES (27,293 ) (31,557 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(20,149

)

(22,371

)

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings (20,153 ) (22,375 )
SHAREHOLDERS' FUNDS (20,149 ) (22,371 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2nd December 2024 and were signed on its behalf by:





D J Ridgway - Director


Trade Smart Building Plastics Ltd (Registered number: 13971557)

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

1. STATUTORY INFORMATION

Trade Smart Building Plastics 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The accounts have ben prepared on a going concern basis in the light of support from the directors and shareholders.

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.
Plant and machinery etc - 25% on reducing balance

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 Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Trade Smart Building Plastics Ltd (Registered number: 13971557)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2023 12,302
Additions 452
At 31st March 2024 12,754
DEPRECIATION
At 1st April 2023 3,116
Charge for year 2,494
At 31st March 2024 5,610
NET BOOK VALUE
At 31st March 2024 7,144
At 31st March 2023 9,186

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 9,547 4,736
Other debtors 12,890 12,844
22,437 17,580

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 32,533 31,491
Taxation and social security 128 (24 )
Other creditors 66,349 68,446
99,010 99,913

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.24 31.3.23
£    £   
Within one year 25,440 25,440
Between one and five years 101,760 101,760
In more than five years 127,180 152,620
254,380 279,820