Registered number
10185275
TRADEKNOWLEDGE LIMITED
Filleted Accounts
30 July 2024
TRADEKNOWLEDGE LIMITED
Registered number: 10185275
Balance Sheet
as at 30 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 6,066 33,852
Current assets
Debtors 4 1,026,005 1,044,453
Cash at bank and in hand 6,246 4,681
1,032,251 1,049,134
Creditors: amounts falling due within one year 5 (635,303) (668,093)
Net current assets 396,948 381,041
Total assets less current liabilities 403,014 414,893
Creditors: amounts falling due after more than one year 6 (105) -
Net assets 402,909 414,893
Capital and reserves
Called up share capital 393,710 393,710
Profit and loss account 9,199 21,183
Shareholders' funds 402,909 414,893
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 members have 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.
Nuno Filipe Jardim Leal
Director
Approved by the board on 29 April 2025
TRADEKNOWLEDGE LIMITED
Notes to the Accounts
for the year ended 30 July 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 and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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 evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Plant and machinery 15% Straight Line Basis
Motor vehicles 20% Straight Line Basis
Fixtures, fittings, tools and equipment 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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 31 July 2023 225,682 27,693 253,375
At 30 July 2024 225,682 27,693 253,375
Depreciation
At 31 July 2023 191,830 27,693 219,523
Charge for the year 27,786 - 27,786
At 30 July 2024 219,616 27,693 247,309
Net book value
At 30 July 2024 6,066 - 6,066
At 30 July 2023 33,852 - 33,852
4 Debtors 2024 2023
£ £
Trade debtors 513,230 531,665
Other debtors 512,775 512,788
1,026,005 1,044,453
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 338,357 277,854
Taxation and social security costs 3,707 4,672
Other creditors 293,239 385,567
635,303 668,093
6 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 105 -
7 Other information
TRADEKNOWLEDGE LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
5th Floor
22 Eastcheap
London
England
EC3M 1EU
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