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TRADCOE LIMITED

Registered Number
04121455
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2024

TRADCOE LIMITED
Company Information
for the year from 1 January 2024 to 31 December 2024

Director

COE, Colin Norman

Company Secretary

BURTON, Russell Graham Wilson

Registered Address

10 Madrid Road
Guildford
Surrey
GU2 7NT

Registered Number

04121455 (England and Wales)
TRADCOE LIMITED
Balance Sheet as at
31 December 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3351199
351199
Current assets
Stocks4-800
Debtors9792,205
9793,005
Creditors amounts falling due within one year5(54,848)(60,423)
Net current assets (liabilities)(53,869)(57,418)
Total assets less current liabilities(53,518)(57,219)
Creditors amounts falling due after one year6(4,755)(7,768)
Net assets(58,273)(64,987)
Capital and reserves
Called up share capital1,0001,000
Profit and loss account(59,273)(65,987)
Shareholders' funds(58,273)(64,987)
The financial statements were approved and authorised for issue by the Director on 17 April 2025, and are signed on its behalf by:
COE, Colin Norman
Director
Registered Company No. 04121455
TRADCOE LIMITED
Notes to the Financial Statements
for the year ended 31 December 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Turnover policy
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 and from the rendering of services.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)Straight line (years)
Fixtures and fittings15-
Office Equipment-3
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
2.Average number of employees

20242023
Average number of employees during the year11
3.Tangible fixed assets

Fixtures & fittings

Office Equipment

Total

£££
Cost or valuation
At 01 January 244,4343,6208,054
Additions-191191
At 31 December 244,4343,8118,245
Depreciation and impairment
At 01 January 244,2353,6207,855
Charge for year291039
At 31 December 244,2643,6307,894
Net book value
At 31 December 24170181351
At 31 December 23199-199
4.Stocks

2024

2023

££
Finished goods-800
Total-800
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables-4,086
Bank borrowings and overdrafts1,4871,850
Taxation and social security1,1431,123
Other creditors52,21853,364
Total54,84860,423
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts4,7557,768
Total4,7557,768