UR TRADING LTD
Registered number: 04410612
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 - 35,281
Tangible assets 4 - 236,237
- 271,518
Current assets
Stocks 6,139 17,475
Debtors 5 94,586 29,749
Cash at bank and in hand 32,359 27,006
133,084 74,230
Creditors: amounts falling due within one year 6 (37,882) (42,705)
Net current assets 95,202 31,525
Total assets less current liabilities 95,202 303,043
Creditors: amounts falling due after more than one year 7 (21,594) (33,893)
Provisions for liabilities - (34,356)
Net assets 73,608 234,794
Capital and reserves
Called up share capital 100 100
Profit and loss account 73,508 234,694
Shareholders' funds 73,608 234,794
The directors are 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 directors acknowledge their 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 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.
Kays Tayeb
Director
Approved by the board on 12 May 2025
UR TRADING LTD
Notes to the Accounts
for the year ended 30 April 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.
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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Plant and machinery 18% over reducing balance method
Motor Vehicles 18% over reducing balance method
Investments
Investments in unquoted equity instruments, if any are measured at fair value. Changes in fair value are recognised in profit or loss. Fair value is estimated by using a valuation technique.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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), if any 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, if any 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.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases, if any are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments, if any are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge, if any is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets, if any are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments , if any are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans, if any are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 18 21
3 Intangible fixed assets £
Goodwill:
Cost
At 1 May 2023 35,281
At 30 April 2024 35,281
Amortisation
Provided during the year 3,586
On disposals 31,695
At 30 April 2024 35,281
Net book value
At 30 April 2024 -
At 30 April 2023 35,281
Goodwill is being written off in equal annual instalments over its estimated economic life of 15 years.

Goodwill was disposed off on 30 April 2024 for £20,000. The goodwill was acquired in 2018 and the NBV before amortisation was £53,785. The amortisation was dissallowed for corporation tax purposes and therefore the WDV for goodwill as at 30 April 2024 remained £53,785 and resulted in a loss of £33,785 after the disposal.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 May 2023 222,787 13,450 236,237
Additions 1,798 - 1,798
At 30 April 2024 224,585 13,450 238,035
Depreciation
Charge for the year 40,425 2,018 42,443
On disposals 184,160 11,432 195,592
At 30 April 2024 224,585 13,450 238,035
Net book value
At 30 April 2024 - - -
At 30 April 2023 222,787 13,450 236,237
[For revalued assets, state the years in which the assets were valued and their values. For assets revalued during the reporting period, state the names of the persons who revalued them or particulars of their qualifications for doing so and the bases of valuation used by them.]
5 Debtors 2024 2023
£ £
Trade debtors 1,224 13,304
Other debtors 93,362 16,445
94,586 29,749
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 21,028 19,950
Corporation tax - 2,422
Other taxes and social security costs 15,322 18,707
Other creditors 1,532 1,626
37,882 42,705
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 21,594 31,567
Obligations under finance lease and hire purchase contracts - 2,326
21,594 33,893
8 Related party transactions
The company owed the related parties £1531.91 as at 30 April 2024 (£1626 in 2023).

The loan is payable on demand and attract no interest.
9 Controlling party
The ultimate controlling party of the company is Mr Kays Tayeb and Mr Natheer Aal-Hwaiz by virtue of their shareholdings in the company.
10 Other information
UR TRADING LTD is a private company limited by shares and incorporated in England. Its registered office is:
60 Fife Road
Kingston Upon Thames
Surrey
KT1 1SP
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