1 December 2022 false No description of principal activity Taxfiler 2024.6 08292969business:PrivateLimitedCompanyLtd2022-12-012023-11-30 082929692022-11-30 082929692022-12-012023-11-30 08292969business:AuditExemptWithAccountantsReport2022-12-012023-11-30 08292969business:FilletedAccounts2022-12-012023-11-30 082929692023-11-30 08292969business:Director12022-12-012023-11-30 08292969business:RegisteredOffice2022-12-012023-11-30 082929692022-11-30 08292969core:WithinOneYear2023-11-30 08292969core:WithinOneYear2022-11-30 08292969core:AfterOneYear2023-11-30 08292969core:AfterOneYear2022-11-30 08292969core:ShareCapitalcore:PreviouslyStatedAmount2023-11-30 08292969core:ShareCapitalcore:PreviouslyStatedAmount2022-11-30 08292969core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-11-30 08292969core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-11-30 08292969core:PreviouslyStatedAmount2023-11-30 08292969core:PreviouslyStatedAmount2022-11-30 08292969business:SmallEntities2022-12-012023-11-30 08292969countries:EnglandWales2022-12-012023-11-30 08292969core:MotorVehicles2022-12-012023-11-30 08292969core:ComputerEquipment2022-12-012023-11-30 08292969core:LandBuildings2022-11-30 08292969core:PlantMachinery2022-11-30 08292969core:MotorVehicles2022-11-30 08292969core:ComputerEquipment2022-11-30 08292969core:LandBuildings2022-12-012023-11-30 08292969core:PlantMachinery2022-12-012023-11-30 08292969core:LandBuildings2023-11-30 08292969core:PlantMachinery2023-11-30 08292969core:MotorVehicles2023-11-30 08292969core:ComputerEquipment2023-11-30 082929692021-12-012022-11-30 iso4217:GBP xbrli:pure
Company Registration No. 08292969 (England and Wales)
Direct Traders Ltd Unaudited accounts for the year ended 30 November 2023
Direct Traders Ltd Unaudited accounts Contents
Page
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Direct Traders Ltd Company Information for the year ended 30 November 2023
Director
Nadeem Guffoor Iqbal
Company Number
08292969 (England and Wales)
Registered Office
Clapgate Industrial Estate Units 1-5 Clapgate Stondon Massey Brentwood CM15 0LH
Accountants
SM Accountants Ltd Cobalt Square - Suite 4G 83-85 Hagley Road Birmingham B16 8QG
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Direct Traders Ltd Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
940,838 
953,763 
Current assets
Inventories
85,545 
74,291 
Debtors
807,260 
1,489,408 
Cash at bank and in hand
1,083,961 
522,298 
1,976,766 
2,085,997 
Creditors: amounts falling due within one year
(656,533)
(1,137,209)
Net current assets
1,320,233 
948,788 
Total assets less current liabilities
2,261,071 
1,902,551 
Creditors: amounts falling due after more than one year
(26,000)
(35,000)
Net assets
2,235,071 
1,867,551 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
2,235,070 
1,867,550 
Shareholders' funds
2,235,071 
1,867,551 
For the year ending 30 November 2023 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 director acknowledges his 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 and authorised for issue on 29 November 2024 and were signed on its behalf by
Nadeem Guffoor Iqbal Director Company Registration No. 08292969
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Direct Traders Ltd Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
Direct Traders Ltd is a private company, limited by shares, registered in England and Wales, registration number 08292969. The registered office is Clapgate Industrial Estate, Units 1-5 Clapgate, Stondon Massey, Brentwood, CM15 0LH.
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
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Motor vehicles
20% Straight Line
Computer equipment
25% Straight Line
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 December 2022
779,745 
9,476 
249,157 
2,094 
1,040,472 
Additions
- 
- 
46,788 
- 
46,788 
At 30 November 2023
779,745 
9,476 
295,945 
2,094 
1,087,260 
Depreciation
At 1 December 2022
- 
9,476 
76,709 
524 
86,709 
Charge for the year
- 
- 
59,189 
524 
59,713 
At 30 November 2023
- 
9,476 
135,898 
1,048 
146,422 
Net book value
At 30 November 2023
779,745 
- 
160,047 
1,046 
940,838 
At 30 November 2022
779,745 
- 
172,448 
1,570 
953,763 
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Direct Traders Ltd Notes to the Accounts for the year ended 30 November 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
22,409 
- 
Trade debtors
319,766 
714,408 
Other debtors
465,085 
775,000 
807,260 
1,489,408 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
- 
6,676 
Trade creditors
142,319 
484,604 
Taxes and social security
514,214 
400,165 
Other creditors
- 
245,764 
656,533 
1,137,209 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
26,000 
35,000 
8
Average number of employees
During the year the average number of employees was 10 (2022: 16).
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