Company Registration No. 14017871 (England and Wales)
Tace Trading Limited
Unaudited accounts
for the year ended 30 April 2024
Tace Trading Limited
Unaudited accounts
Contents
Tace Trading Limited
Company Information
for the year ended 30 April 2024
Directors
Tammy Blau
Arieh Leo Englard
Company Number
14017871 (England and Wales)
Registered Office
Churchill house
137-139 Brent Street
London
NW4 4DJ
Accountants
Clearfin Accountants Limited
Churchill House
137-139 Brent Street
London
NW4 4DJ
Tace Trading Limited
Statement of financial position
as at 30 April 2024
Inventories
94,625
101,860
Cash at bank and in hand
1,065
1,107
Creditors: amounts falling due within one year
(74,157)
(36,085)
Net current assets
22,353
68,331
Total assets less current liabilities
24,195
69,297
Creditors: amounts falling due after more than one year
(45,590)
(68,036)
Net (liabilities)/assets
(21,395)
1,261
Called up share capital
100
100
Profit and loss account
(21,495)
1,161
Shareholders' funds
(21,395)
1,261
For the year ending 30 April 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 15 January 2025 and were signed on its behalf by
Arieh Leo Englard
Director
Company Registration No. 14017871
Tace Trading Limited
Notes to the Accounts
for the year ended 30 April 2024
Tace Trading Limited is a private company, limited by shares, registered in England and Wales, registration number 14017871. The registered office is Churchill house, 137-139 Brent Street, London, NW4 4DJ.
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:
Computer equipment
20% on reducing value
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.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Tace Trading Limited
Notes to the Accounts
for the year ended 30 April 2024
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 May 2023
-
1,208
1,208
At 30 April 2024
1,020
1,525
2,545
Charge for the year
204
257
461
At 30 April 2024
204
499
703
At 30 April 2024
816
1,026
1,842
At 30 April 2023
-
966
966
Finished goods
94,625
101,860
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
-
124
Loans from directors
73,437
31,424
8
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
45,590
68,036
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).