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Registration number: 12169514

Trade 4 Less Ltd

Unaudited Financial Statements

for the Year Ended 31 August 2024

 

Trade 4 Less Ltd

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

Trade 4 Less Ltd

(Registration number: 12169514)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

240,740

211,178

Current assets

 

Stocks

253,000

273,422

Debtors

5

58,608

171,810

Cash at bank and in hand

 

789

3,749

 

312,397

448,981

Creditors: Amounts falling due within one year

6

(288,287)

(470,228)

Net current assets/(liabilities)

 

24,110

(21,247)

Total assets less current liabilities

 

264,850

189,931

Creditors: Amounts falling due after more than one year

6

(208,934)

(150,471)

Provisions for liabilities

(43,631)

(38,944)

Net assets

 

12,285

516

Capital and reserves

 

Called up share capital

100

100

Retained earnings

12,185

416

Shareholders' funds

 

12,285

516

 

Trade 4 Less Ltd

(Registration number: 12169514)
Balance Sheet as at 31 August 2024

For the financial year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 23 April 2025 and signed on its behalf by:
 

.........................................
Mr E Carter
Director

.........................................
Mr C J Morrey
Director

 

Trade 4 Less Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
7-9 Macon Court
Crewe
Cheshire
CW1 6EA
UK

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Trade 4 Less Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

10% Reducing Balance

Office equipment

25% Straight Line

Motor vehicles

20% Reducing Balance

Fixtures and fittings

20% Reducing Balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2023 - 4).

 

Trade 4 Less Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

4

Tangible assets

Fixtures and fittings
£

Office equipment
£

Motor vehicles
 £

Other tangible assets
 £

Cost or valuation

At 1 September 2023

4,300

5,239

74,460

186,304

Additions

154

2,276

45,985

32,920

Disposals

-

-

(13,000)

-

At 31 August 2024

4,454

7,515

107,445

219,224

Depreciation

At 1 September 2023

2,131

4,531

27,173

25,290

Charge for the year

383

1,328

20,453

21,289

Eliminated on disposal

-

-

(4,680)

-

At 31 August 2024

2,514

5,859

42,946

46,579

Carrying amount

At 31 August 2024

1,940

1,656

64,499

172,645

At 31 August 2023

2,169

708

47,287

161,014

Total
£

Cost or valuation

At 1 September 2023

270,303

Additions

81,335

Disposals

(13,000)

At 31 August 2024

338,638

Depreciation

At 1 September 2023

59,125

Charge for the year

43,453

Eliminated on disposal

(4,680)

At 31 August 2024

97,898

Carrying amount

At 31 August 2024

240,740

At 31 August 2023

211,178

 

Trade 4 Less Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

5

Debtors

Current

2024
£

2023
£

Trade debtors

57,916

113,937

Prepayments

692

692

Other debtors

-

57,181

 

58,608

171,810

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Loans and borrowings

174,123

209,685

Trade creditors

38,493

49,261

Taxation and social security

13,623

3,763

Accruals and deferred income

2,520

17,519

Other creditors

59,528

190,000

288,287

470,228

Current loans and borrowings

2024
£

2023
£

Bank borrowings

5,320

5,320

Bank overdrafts

23,487

21,197

HP and finance lease liabilities

65,203

67,263

Other borrowings

80,113

115,905

174,123

209,685

Creditors: amounts falling due after more than one year

2024
£

2023
£

Due after one year

Loans and borrowings

208,934

150,471