IRIS Accounts Production v24.3.2.46 Nationwide Lifts Limited 05455284 director 1.6.23 31.5.24 31.5.24 No description of principal activity 0 0 false true false false true true iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh054552842023-05-31054552842024-05-31054552842023-06-012024-05-31054552842022-05-31054552842022-06-012023-05-31054552842023-05-310545528412023-06-012024-05-3105455284ns15:EnglandWales2023-06-012024-05-3105455284ns14:PoundSterling2023-06-012024-05-3105455284ns10:Director12023-06-012024-05-3105455284ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3105455284ns10:SmallEntities2023-06-012024-05-3105455284ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3105455284ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3105455284ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3105455284ns10:FullAccounts2023-06-012024-05-3105455284ns10:EntityNoLongerTradingButTradedInPast2023-06-012024-05-3105455284ns10:RegisteredOffice2023-06-012024-05-3105455284ns5:CurrentFinancialInstruments2024-05-3105455284ns5:CurrentFinancialInstruments2023-05-3105455284ns5:ShareCapital2024-05-3105455284ns5:ShareCapital2023-05-3105455284ns5:RetainedEarningsAccumulatedLosses2024-05-3105455284ns5:RetainedEarningsAccumulatedLosses2023-05-3105455284ns5:LandBuildings2023-05-3105455284ns5:PlantMachinery2023-05-3105455284ns5:LandBuildings2024-05-3105455284ns5:PlantMachinery2024-05-3105455284ns5:LandBuildings2023-05-3105455284ns5:PlantMachinery2023-05-3105455284ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-3105455284ns5:WithinOneYearns5:CurrentFinancialInstruments2023-05-31
REGISTERED NUMBER: 05455284 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

EXCHANGE TRADING COMPANY LIMITED

EXCHANGE TRADING COMPANY LIMITED (REGISTERED NUMBER: 05455284)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

EXCHANGE TRADING COMPANY LIMITED

COMPANY INFORMATION
for the Year Ended 31 May 2024







DIRECTOR: P Askew





REGISTERED OFFICE: 50-52 Aire Street
Goole
East Yorkshire
DN14 5QE





REGISTERED NUMBER: 05455284 (England and Wales)

EXCHANGE TRADING COMPANY LIMITED (REGISTERED NUMBER: 05455284)

BALANCE SHEET
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 63,005 63,005

CURRENT ASSETS
Debtors 5 31,006 31,006
Cash at bank 518 518
31,524 31,524
CREDITORS
Amounts falling due within one year 6 239,680 239,680
NET CURRENT LIABILITIES (208,156 ) (208,156 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(145,151

)

(145,151

)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (145,152 ) (145,152 )
(145,151 ) (145,151 )

The company is entitled to exemption from audit under Section 480 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

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.

EXCHANGE TRADING COMPANY LIMITED (REGISTERED NUMBER: 05455284)

BALANCE SHEET - continued
31 May 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 February 2025 and were signed by:





P Askew - Director


EXCHANGE TRADING COMPANY LIMITED (REGISTERED NUMBER: 05455284)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2024


1. STATUTORY INFORMATION

Nationwide Lifts Limited is a private company limited by shares and incorporated and domiciled in England. It has its registered office at 50-52 Aire Street, Goole, DN14 5QE and principle place of business at West View, Treswell Road, South Leverton, Retford, DN22 OBP.

The principal activity of the company was the sale of used cars and light motor vehicles.

The presentational currency of the financial statements is Pound Sterling (£).

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

The directors, having taken into the factors discussed above as well as the uncertainties of the current economic environment, have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

The company was dormant throughout the current year and previous year.

Tangible fixed assets
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is measured at the following rates:


Land and Buildings5% Straight Line
Fixtures, Fittings and Equipment 20% Straight Line

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

EXCHANGE TRADING COMPANY LIMITED (REGISTERED NUMBER: 05455284)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2024


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2023
and 31 May 2024 140,007 11,510 151,517
DEPRECIATION
At 1 June 2023
and 31 May 2024 77,002 11,510 88,512
NET BOOK VALUE
At 31 May 2024 63,005 - 63,005
At 31 May 2023 63,005 - 63,005

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 31,006 31,006

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 141 141
Taxation and social security 694 694
Other creditors 238,845 238,845
239,680 239,680

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the company owed its director, Mr P Askew, £236,789 (2023: £236,789).

The loan is interest free and repayable on demand.