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Company Registration No. 12222726 (England and Wales)
UK Trading Solutions Ltd Financial Statements for the year ended 31 October 2024
UK Trading Solutions Ltd Financial Statements Contents
Page
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UK Trading Solutions Ltd Company Information for the year ended 31 October 2024
Directors
Paul Simpson Angela Simpson
Company Number
12222726 (England and Wales)
Registered Office
12 Marsh Lane Hemingford Grey Huntingdon Cambridgeshire PE28 9EQ
Accountants
AIR Accountancy Services 26 Market Place Swaffham Norfolk PE37 7QH
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UK Trading Solutions Ltd Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
7,470 
8,253 
Current assets
Debtors
1,800 
163 
Cash at bank and in hand
682 
2,388 
2,482 
2,551 
Creditors: amounts falling due within one year
(3,662)
(1,693)
Net current (liabilities)/assets
(1,180)
858 
Net assets
6,290 
9,111 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
6,288 
9,109 
Shareholders' funds
6,290 
9,111 
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 November 2024 and were signed on its behalf by
Paul Simpson Director Company Registration No. 12222726
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UK Trading Solutions Ltd Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
UK Trading Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 12222726. The registered office is 12 Marsh Lane, Hemingford Grey, Huntingdon, Cambridgeshire, PE28 9EQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 October 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 November 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
15%
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 November 2023
13,377 
Additions
535 
At 31 October 2024
13,912 
Depreciation
At 1 November 2023
5,124 
Charge for the year
1,318 
At 31 October 2024
6,442 
Net book value
At 31 October 2024
7,470 
At 31 October 2023
8,253 
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UK Trading Solutions Ltd Notes to the Accounts for the year ended 31 October 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
163 
Trade debtors
1,800 
- 
1,800 
163 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
165 
- 
Trade creditors
718 
715 
Taxes and social security
1,780 
- 
Loans from directors
549 
28 
Accruals
450 
950 
3,662 
1,693 
7
Average number of employees
During the year the average number of employees was 0 (2023: 2).
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