BrightAccountsProduction v1.0.0 v1.0.0 2023-05-11 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is the wholesale and retail of paint and wallpaper products 11 February 2025 0 NI697074 2024-05-31 NI697074 2023-05-10 NI697074 2023-05-11 2024-05-31 NI697074 uk-bus:PrivateLimitedCompanyLtd 2023-05-11 2024-05-31 NI697074 uk-curr:PoundSterling 2023-05-11 2024-05-31 NI697074 uk-bus:AbridgedAccounts 2023-05-11 2024-05-31 NI697074 uk-core:ShareCapital 2024-05-31 NI697074 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-05-31 NI697074 uk-bus:FRS102 2023-05-11 2024-05-31 NI697074 uk-bus:OrdinaryShareClass1 2023-05-11 2024-05-31 NI697074 uk-bus:OrdinaryShareClass1 2024-05-31 NI697074 2023-05-11 2024-05-31 NI697074 uk-bus:Director1 2023-05-11 2024-05-31 NI697074 uk-bus:Director2 2023-05-11 2024-05-31 NI697074 uk-bus:AuditExempt-NoAccountantsReport 2023-05-11 2024-05-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
Tradex Supplies Ltd
 
Abridged Unaudited Financial Statements
 
for the financial period from 11 May 2023 (date of incorporation) to 31 May 2024



Tradex Supplies Ltd
DIRECTORS' REPORT
for the financial period from 11 May 2023 (date of incorporation) to 31 May 2024

 
The directors present their report and the unaudited financial statements for the financial period from 11 May 2023 (date of incorporation) to 31 May 2024.
     
Directors
The directors who served during the financial period are as follows:
     
Gerard McMahon (Appointed 11 May 2023)
Rory McMahon (Appointed 11 May 2023)
   
There were no changes in shareholdings between 31 May 2024 and the date of signing the financial statements.
     
In accordance with the Constitution, the directors retire by rotation and, being eligible, offer themselves for re-election.
     
Political Contributions
The company did not make any disclosable political donations in the current financial period.
     
Statement of Directors' Responsibilities
     
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
     
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A (Small Entities). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to:
- select suitable accounting policies and apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
     
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
     
Special provisions relating to small companies
The above report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
     
     
On behalf of the board
     
     
Gerard McMahon Rory McMahon
Director Director
     
11 February 2025 11 February 2025



Tradex Supplies Ltd
ABRIDGED PROFIT AND LOSS ACCOUNT
for the financial period from 11 May 2023 (date of incorporation) to 31 May 2024
May 24
Notes £

Profit on ordinary activities before taxation -
 
Tax on profit on ordinary activities -
─────────
Profit for the financial period -
─────────
Total comprehensive income -
    ═════════



Tradex Supplies Ltd
Company Registration Number: NI697074
ABRIDGED BALANCE SHEET
as at 31 May 2024

May 24
Notes £
 
Current Assets
Debtors 100
─────────
Net Current Assets 100
─────────
Total Assets less Current Liabilities 100
═════════
 
Capital and Reserves
Called up share capital 7 100
─────────
Equity attributable to owners of the company 100
═════════
 
The financial statements have been prepared 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).
       
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
For the financial period from 11 May 2023 (date of incorporation) to 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
       
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial period in question in accordance with section 476 of the Companies Act 2006.
       
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial period and of its profit and loss for the financial period 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.
       
Approved by the Board and authorised for issue on 11 February 2025 and signed on its behalf by
       
       
Gerard McMahon     Rory McMahon
Director     Director
       



Tradex Supplies Ltd
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial period from 11 May 2023 (date of incorporation) to 31 May 2024

   
1. General Information
 
Tradex Supplies Ltd is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI697074. The registered office of the company is 92 Kiltybane Road, Crossmaglen, Co. Armagh, BT35 0LU, UK which is also the principal place of business of the company. The principal activity of the company is the wholesale and retail of paint and wallpaper products The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial period ended 31 May 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006. These are the company's first set of financial statements prepared in accordance with FRS 102.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.
 
Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial period and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
   
3. Adoption of FRS 102 Section 1A
 
This is the first set of financial statements prepared by Tradex Supplies Ltd in accordance with accounting standards issued by the Financial Reporting Council, including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” Section 1A (Small Entities). The company transitioned from previously extant Irish and UK GAAP to FRS 102 Section 1A as at 1 January 2016.
   
4. Period of financial statements
 
The financial statements are for the 12 month 21 days period from 11 May 2023 (date of incorporation) to 31 May 2024.
   
5. Statement on previous periods
 
The company did not present financial statements for previous periods.
     
6. Employees
 
The average monthly number of employees, including directors, during the financial period was 0, (May 23 - 0).
         
7. Share capital     May 24
      £
Description Number of shares Value of units  
 
Allotted, called up and fully paid
'A' Ordinary Shares 100 £1.00 each 100
 
      ═════════
     
8. Capital commitments
 
The company had no material capital commitments at the financial period-ended 31 May 2024.
   
9. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial period-end.