REGISTERED NUMBER: 04012477 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

Tradestock Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D J Babington

D Whitney

REGISTERED OFFICE:

Poole Works

Wellington

Somerset

TA21 9HW

REGISTERED NUMBER:

04012477 (England and Wales)

ACCOUNTANTS:

Plunkett Yates Limited

1 Charlotte Mews

Pavilion Place

Exeter

Devon

EX2 4HA

FIXED ASSETS

Intangible assets

4

12,127

12,990

Tangible assets

5

118,240

126,127

130,367

139,117

CURRENT ASSETS

Stocks

1,259,455

947,807

Debtors

6

1,829,927

2,114,570

Cash at bank and in hand

6,507

3,635

3,095,889

3,066,012

CREDITORS

Amounts falling due within one year

7

2,323,809

2,095,563

NET CURRENT ASSETS

772,080

970,449

TOTAL ASSETS LESS CURRENT LIABILITIES

902,447

1,109,566

PROVISIONS FOR LIABILITIES

9,450

10,208

NET ASSETS

892,997

1,099,358

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

892,995

1,099,356

892,997

1,099,358

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 September 2025 and were signed on its behalf by:

D Whitney - Director

1.	STATUTORY INFORMATION

Tradestock Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:-

Goodwill

-

5% - 10% straight line

Patents

-

33% straight line

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

not provided

Short leasehold

-

straight line over the life of the lease

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2023 - 31 ) .

4.	INTANGIBLE FIXED ASSETS

Patents

and

Goodwill

licences

Totals

£

£

£

COST

At 1 January 2024

218,248

203,556

421,804

Additions

-

10,301

10,301

At 31 December 2024

218,248

213,857

432,105

AMORTISATION

At 1 January 2024

211,548

197,266

408,814

Amortisation for year

6,700

4,464

11,164

At 31 December 2024

218,248

201,730

419,978

NET BOOK VALUE

At 31 December 2024

-

12,127

12,127

At 31 December 2023

6,700

6,290

12,990

5.	TANGIBLE FIXED ASSETS

Freehold

Short

Plant and

property

leasehold

machinery

£

£

£

COST

At 1 January 2024

25,878

30,711

382,751

Additions

-

-

4,425

At 31 December 2024

25,878

30,711

387,176

DEPRECIATION

At 1 January 2024

-

29,558

320,109

Charge for year

-

497

11,927

At 31 December 2024

-

30,055

332,036

NET BOOK VALUE

At 31 December 2024

25,878

656

55,140

At 31 December 2023

25,878

1,153

62,642

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

80,899

259,678

779,917

Additions

-

14,752

19,177

At 31 December 2024

80,899

274,430

799,094

DEPRECIATION

At 1 January 2024

70,494

233,629

653,790

Charge for year

2,601

12,039

27,064

At 31 December 2024

73,095

245,668

680,854

NET BOOK VALUE

At 31 December 2024

7,804

28,762

118,240

At 31 December 2023

10,405

26,049

126,127

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

1,239,743

1,495,645

Other debtors

590,184

618,925

1,829,927

2,114,570

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

386,456

531,722

Trade creditors

868,527

618,253

Taxation and social security

237,445

328,186

Other creditors

831,381

617,402

2,323,809

2,095,563

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Bank loans

384,459

528,174

HSBC has a fixed and floating charges over all the assets and undertakings of Tradestock Ltd.

Hire purchase liabilities are secured over the assets in which they relate to.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in Other debtors is an amount due from a director of £158,970 (2023: £210,528). Interest was charged on overdrawn balances at HMRC's Official Loan Rate. The loan was fully repaid on 6 April 2024.

10.	RELATED PARTY DISCLOSURES

Included in debtors is an amount due from Wilscombe Limited, a company under common control of the director, Mr D J Babington, of £302,784 (2023: £302,737).

11.	ULTIMATE CONTROLLING PARTY

The controlling party is D J Babington.