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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
Page
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TRADE-BAY LTD Company Information for the year ended 31 May 2024
Director
Yusuf OMER
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
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TRADE-BAY LTD Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
360 
439 
Current assets
Inventories
30,878 
45,862 
Debtors
17,631 
47,408 
Cash at bank and in hand
111,910 
71,136 
160,419 
164,406 
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)
Net assets
118,982 
95,872 
Capital and reserves
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
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TRADE-BAY LTD Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
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.
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.
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 
£ 
Cost or valuation
At cost 
At 1 June 2023
2,145 
At 31 May 2024
2,145 
Depreciation
At 1 June 2023
1,706 
Charge for the year
79 
At 31 May 2024
1,785 
Net book value
At 31 May 2024
360 
At 31 May 2023
439 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
45,741 
Accrued income and prepayments
16,861 
1,667 
Other debtors
770 
- 
17,631 
47,408 
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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 
VAT
12,067 
17,984 
Trade creditors
4,739 
8,592 
Taxes and social security
5,414 
7,456 
Other creditors
- 
(290)
Loans from directors
19,573 
6,140 
41,797 
39,885 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
- 
29,088 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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