Tradeframe.com Limited 07033799 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is the distribution of window, door and conservatory frames. Digita Accounts Production Advanced 6.30.9574.0 true 07033799 2024-01-01 2024-12-31 07033799 2024-12-31 07033799 core:CurrentFinancialInstruments 2024-12-31 07033799 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 07033799 core:FurnitureFittingsToolsEquipment 2024-12-31 07033799 bus:SmallEntities 2024-01-01 2024-12-31 07033799 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 07033799 bus:FilletedAccounts 2024-01-01 2024-12-31 07033799 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 07033799 bus:RegisteredOffice 2024-01-01 2024-12-31 07033799 bus:Director1 2024-01-01 2024-12-31 07033799 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 07033799 core:FurnitureFittingsToolsEquipment 2024-01-01 2024-12-31 07033799 core:PlantMachinery 2024-01-01 2024-12-31 07033799 countries:EnglandWales 2024-01-01 2024-12-31 07033799 core:FurnitureFittingsToolsEquipment 2023-12-31 07033799 2023-01-01 2023-12-31 07033799 2023-12-31 07033799 core:CurrentFinancialInstruments 2023-12-31 07033799 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 07033799 core:FurnitureFittingsToolsEquipment 2023-12-31 iso4217:GBP xbrli:pure

Registration number: 07033799

Prepared for the registrar

Tradeframe.com Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2024

 

Tradeframe.com Limited

(Registration number: 07033799)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

203,418

190,085

Current assets

 

Stocks

32,755

41,657

Debtors

5

89,933

194,236

Cash at bank and in hand

 

158,896

104,285

 

281,584

340,178

Creditors: Amounts falling due within one year

6

(361,438)

(384,906)

Net current liabilities

 

(79,854)

(44,728)

Total assets less current liabilities

 

123,564

145,357

Deferred tax liabilities

(27,295)

(22,482)

Net assets

 

96,269

122,875

Capital and reserves

 

Called up share capital

100

100

Retained earnings

96,169

122,775

Shareholders' funds

 

96,269

122,875

For the financial year ending 31 December 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 13 May 2025 and signed on its behalf by:
 


W H Nicoll
Director

 

Tradeframe.com Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 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:
3 Pearce Way
Capitol Park
Gloucester
GL2 5YD

 

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 for, where disclosed in these accounting policies, certain items that are shown at fair value.

The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

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 and after eliminating sales within the company.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in the profit and loss account, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the statement of financial position 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.

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

25-50% straight line

 

Tradeframe.com Limited

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

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. All trade debtors are repayable within one year and hence are included at the undiscounted cost of cash expected to be received. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the debtors.

Stocks

Stocks are stated 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 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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and all are repayable within one year and hence are included at the undiscounted amount of cash expected to be paid.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Tradeframe.com Limited

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

Financial instruments


Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account.

 Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

 Impairment
Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss.

 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 14 (2023 - 14).

 

4

Tangible assets

Plant and machinery
 £

Cost

At 1 January 2024

274,616

Additions

83,620

Disposals

(20,474)

At 31 December 2024

337,762

Depreciation

At 1 January 2024

84,531

Charge for the year

67,076

Eliminated on disposal

(17,263)

At 31 December 2024

134,344

Carrying amount

At 31 December 2024

203,418

At 31 December 2023

190,085

 

Tradeframe.com Limited

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

 

5

Debtors

2024
£

2023
£

Trade debtors

75,014

122,936

Receivables from related parties

-

56,217

Prepayments

12,319

10,695

Other debtors

2,600

4,388

89,933

194,236

 

6

Creditors

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

8,238

8,238

Trade creditors

 

63,980

124,251

Amounts due to related parties

 

45,668

-

Taxation and social security

 

69,864

103,440

Accruals and deferred income

 

78,170

12,837

Other creditors

 

95,518

136,140

 

361,438

384,906

 

7

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Director's loan account

8,238

8,238

 

8

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £38,649 (2023 - £50,541).

 

9

Related party transactions

At the year end the company owed £8,238 (2023 - £8,238) to its directors. No interest was charged on this balance and there are no fixed repayment terms.

At the year end the company was owed £4,332 (2023 - £56,217) by WSJ Holdings Limited, its parent company. No interest was charged on this balance and there are no fixed repayment terms.

 

10

Ultimate controlling party

The company's immediate parent is WSJ Holdings Limited, incorporated in England and Wales.