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02437493falsethat of importers and exporters of general merchandise and providers of agency services2024-01-012024-12-31http://www.companieshouse.gov.uk/2023-12-31http://www.companieshouse.gov.uk/cd:CompanySecretary12024-01-012024-12-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-12-31http://www.companieshouse.gov.uk/cd:Director12024-01-012024-12-31http://www.companieshouse.gov.uk/pt:ShareCapital2024-12-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12024-01-012024-12-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2024-01-012024-12-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2024-01-012024-12-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-12-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-12-31http://www.companieshouse.gov.uk/2024-01-012024-12-31http://www.companieshouse.gov.uk/2023-12-31http://www.companieshouse.gov.uk/cd:FRS1022024-01-012024-12-31http://www.companieshouse.gov.uk/2024-12-31http://www.companieshouse.gov.uk/cd:FullAccounts2024-01-012024-12-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2024-01-012024-12-31iso4217:GBPxbrli:sharesxbrli:pure


Registered number: 02437493






Novotrade (UK) Limited


UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2024
























Prepared By:
Lever Bros & Co
Chartered Accountants
First Floor, 690 Great West Road
Osterley Village
Isleworth
TW7 4PU


ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2024





DIRECTORS
I Veto



SECRETARY
Apex Corporate Limited


REGISTERED OFFICE
First Floor, 690 Great West Road
Osterley Village
Isleworth
TW7 4PU


COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 02437493



ACCOUNTANTS
Lever Bros & Co
Chartered Accountants
First Floor, 690 Great West Road
Osterley Village
Isleworth
TW7 4PU


ACCOUNTS
FOR THEYEARENDED31 DECEMBER 2024



CONTENTS



		Page

Directors' Report		-

Accountants' Report		-

Statement Of Comprehensive Income		-

Balance Sheet		3

Notes To The Accounts		4


The following do not form part of the statutory financial statements:

Trading And Profit And Loss Account		-

Profit And Loss Account Summaries		-


BALANCE SHEET AT 31 December 2024

			2024		2023
	Notes		£		£

FIXED ASSETS

CURRENT ASSETS
Debtors	2	819		952
Cash at bank and in hand		100,349		154,002
		101,168		154,954
CREDITORS: Amounts falling due within one year	3	54,279		103,590
NET CURRENT ASSETS			46,889		51,364
TOTAL ASSETS LESS CURRENT LIABILITIES			46,889		51,364


CREDITORS: Amounts falling due after more than one year	4		30,943		41,862

NET ASSETS			15,946		9,502

CAPITAL AND RESERVES

Called up share capital	6		85,000		85,000
Profit and loss account			(69,054)		(75,498)
SHAREHOLDERS' FUNDS			15,946		9,502

For the 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.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.

Approved by the board on 18 September 2025 and signed on their behalf by



.............................
I Veto
Director


1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and Machinery		reducing balance 25%
Fixtures and Fittings		reducing balance 20%


1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .


1c. Taxation
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.


1d. Foreign Currency
Transactions in currencies, other than the functional currency of the company, are recorded at the rate of the exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at the historic cost in a foreign currency are not retranslated.


1e. Turnover
Turnover is derived from the import and export of general merchandise and agency services supplied by the company,net of value added tax and trade discounts and is recognised when services are rendered.


1f. Leases
Assets held under finance leases and hire purchase contracts are capitalised in the balance sheet at their fair value and depreciated over their expected useful lives. The interest element of leasing payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the lease. All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term.


1g. Statutory Information
Novotrade (UK) Limited is a private company, limited by shares, incorporated in England and Wales. The company's registered number is 02437493 and registered office address is First Floor, 690 Great West Road, Osterley Village, Isleworth, England, TW7 4PU.


1h. Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments.


2. DEBTORS	2024	2023
	£	£
Amounts falling due within one year
Other debtors	819	952
	819	952


3. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2024	2023
	£	£
Directors current account	8,748	20,748
Loans	8,315	4,644
Trade creditors	35,731	76,613
Accruals	1,485	1,585
	54,279	103,590


4. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
	2024	2023
	£	£
Bank loans	30,943	41,862
	30,943	41,862


5. EMPLOYEES

	2024	2023
	No.	No.
Average number of employees	-	2


6. SHARE CAPITAL	2024	2023
	£	£
Allotted, issued and fully paid:
85,000 Ordinary shares of £1.00 each	85,000	85,000
	85,000	85,000