REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 29th February 2024 |
for |
Lloyds Commercial & Trade Finance |
Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 29th February 2024 |
for |
Lloyds Commercial & Trade Finance |
Limited |
Lloyds Commercial & Trade Finance |
Limited (Registered number: 06465806) |
Contents of the Financial Statements |
for the Year Ended 29th February 2024 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 3 |
Lloyds Commercial & Trade Finance |
Limited |
Company Information |
for the Year Ended 29th February 2024 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
272 Regents Park Road |
London |
N3 3HN |
Lloyds Commercial & Trade Finance |
Limited (Registered number: 06465806) |
Statement of Financial Position |
29th February 2024 |
2024 | 2023 |
Notes | € | € |
CURRENT ASSETS |
Debtors | 4 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
The director acknowledges his responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
The financial statements were approved by the director and authorised for issue on |
Lloyds Commercial & Trade Finance |
Limited (Registered number: 06465806) |
Notes to the Financial Statements |
for the Year Ended 29th February 2024 |
1. | STATUTORY INFORMATION |
Lloyds Commercial & Trade Finance Limited is a |
The presentation currency of the financial statements is the Euro (€). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements have been prepared in accordance with the going concern convention on the basis that continued financial support will be made available by the company's director, bankers and by the group companies. |
As the director has a reasonable expectation that the company and the group have adequate resources to continue in operational existence for the foreseeable future, he considers it appropriate to adopt the going concern basis in preparing these financial statements. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Foreign currencies |
Assets and liabilities in foreign currencies are translated into euro at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into euro at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
Functional and reporting currency |
The company's has determined that the functional currency of the Group and the Company is Euro in the view that all sales contracts for the financial year ended 28 February 2010 onward are denominated in Euro as most of the operating expenses being denominated in Euro. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
€ | € |
Trade debtors |
Amounts owed by group undertakings |
Other debtors |
Lloyds Commercial & Trade Finance |
Limited (Registered number: 06465806) |
Notes to the Financial Statements - continued |
for the Year Ended 29th February 2024 |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
€ | € |
Bank loans and overdrafts |
Trade creditors |
Amounts owed to group undertakings |
Tax |
VAT | 20,008 | - |
Advance from customers |
Accrued expenses |
Advance receipts | 937,782 | 937,782 |
6. | RELATED PARTY DISCLOSURES |
The consolidated financial statements of the parent company, RTC Holdings Limited which is registered in England and Wales can be obtained from Companies House. |