Registered number
08071719
C & J Trade Ltd
Filleted Accounts
31 May 2024
C & J Trade Ltd
Registered number: 08071719
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 2,362 3,149
Current assets
Debtors 4 11,241 11,418
Cash at bank and in hand 1,599 3,505
12,840 14,923
Creditors: amounts falling due within one year 5 (13,841) (15,050)
Net current liabilities (1,001) (127)
Total assets less current liabilities 1,361 3,022
Creditors: amounts falling due after more than one year 6 (1,276) (2,962)
Net assets 85 60
Capital and reserves
Called up share capital 1 1
Profit and loss account 84 59
Shareholder's funds 85 60
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P. E. Singer
Director
Approved by the board on 24 February 2025
C & J Trade Ltd
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:
Motor Vehicle over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Motor vehicles
£
Cost
At 1 June 2023 16,833
At 31 May 2024 16,833
Depreciation
At 1 June 2023 13,684
Charge for the year 787
At 31 May 2024 14,471
Net book value
At 31 May 2024 2,362
At 31 May 2023 3,149
4 Debtors 2024 2023
£ £
Trade debtors 5,178 8,201
Other debtors 6,063 3,217
11,241 11,418
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 3,051 4,189
Taxation and social security costs 10,190 10,861
Other creditors 600 -
13,841 15,050
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 1,276 2,962
7 Loans to directors
Description and conditions B/fwd Introduced Withdrawn C/fwd
£ £ £ £
P. E. Singer
Amount due to the company at the balance sheet date 3,217 (3,217) 6,000 6,000
3,217 (3,217) 6,000 6,000
8 Related party transactions
Dividends amounting to £30,020 were payable to the director.
9 Controlling party
The company is controlled by the director and shareholder Mr P. E. Singer.
10 Other information
C & J Trade Ltd is a private company limited by shares and incorporated in England. Its registered office is:
3 Ascot Close
Elstree
Borehamwood
Herts
WD6 3JH
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