Company Registration No. 09616143 (England and Wales)
TRADE-BAY LTD
Unaudited accounts
for the year ended 31 May 2024
TRADE-BAY LTD
Unaudited accounts
Contents
TRADE-BAY LTD
Company Information
for the year ended 31 May 2024
Company Number
09616143 (England and Wales)
Registered Office
1 FRENCHWOOD KNOLL
PRESTON
PR1 4LE
UNITED KINGDOM
Accountants
SMART ACCOUNTING (NW) LTD
239 RIBBLETON LANE
PRESTON
PR1 5EA
TRADE-BAY LTD
Statement of financial position
as at 31 May 2024
Cash at bank and in hand
111,910
71,136
Creditors: amounts falling due within one year
(41,797)
(39,885)
Net current assets
118,622
124,521
Total assets less current liabilities
118,982
124,960
Creditors: amounts falling due after more than one year
-
(29,088)
Called up share capital
1
1
Profit and loss account
118,981
95,871
Shareholders' funds
118,982
95,872
For the year ending 31 May 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 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 8 July 2024 and were signed on its behalf by
Yusuf OMER
Director
Company Registration No. 09616143
TRADE-BAY LTD
Notes to the Accounts
for the year ended 31 May 2024
TRADE-BAY LTD is a private company, limited by shares, registered in England and Wales, registration number 09616143. The registered office is 1 FRENCHWOOD KNOLL, PRESTON, PR1 4LE, UNITED KINGDOM.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Fixtures & fittings
18% on WDV
4
Tangible fixed assets
Fixtures & fittings
Amounts falling due within one year
Accrued income and prepayments
16,861
1,667
TRADE-BAY LTD
Notes to the Accounts
for the year ended 31 May 2024
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
4
3
Trade creditors
4,739
8,592
Taxes and social security
5,414
7,456
Loans from directors
19,573
6,140
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).