TradePeg Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 10371226

TRADEPEG LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

29 September 2024

TRADEPEG LIMITED

BALANCE SHEET

29 September 2024

	2024		2023
Note	£	£	£	£

FIXED ASSETS

Tangible assets	5		40,550		59,304

CURRENT ASSETS

Debtors	6	530,383	552,083
Cash at bank and in hand		511,825	111,689
		-------------	----------
		1,042,208	663,772

CREDITORS: amounts falling due within one year	7	( 336,855)		( 143,730)
		-------------		----------
NET CURRENT ASSETS			705,353		520,042
			----------		----------
TOTAL ASSETS LESS CURRENT LIABILITIES			745,903		579,346

CREDITORS: amounts falling due after more than one year	8	( 24,573)	( 29,466)
		----------	----------
NET ASSETS		721,330	549,880
		----------	----------

CAPITAL AND RESERVES

Called up share capital	10	10
Profit and loss account	721,320	549,870
	----------	----------
SHAREHOLDERS FUNDS	721,330	549,880
	----------	----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.

For the year ending 29 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

TRADEPEG LIMITED

BALANCE SHEET (continued)

29 September 2024

These financial statements were approved by the board of directors and authorised for issue on 9 September 2025 , and are signed on behalf of the board by:

Mr E Perlstein
Director

Company registration number: 10371226

TRADEPEG LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 29 SEPTEMBER 2024

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is New Burlington House, 1075 Finchley Road, London, NW11 0PU.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The director does not consider there are any critical judgements or sources of estimation uncertainty requiring disclosure beyond the accounting policies listed below.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Taxation

The taxation expense represents the aggregate amount of current tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 4 (2023: 3 ).

5. TANGIBLE ASSETS

	Fixtures and fittings	Equipment	Total
	£	£	£
Cost
At 30 September 2023	58,972	46,722	105,694
Additions	–	2,981	2,981
	---------	---------	----------
At 29 September 2024	58,972	49,703	108,675
	---------	---------	----------
Depreciation
At 30 September 2023	20,121	26,269	46,390
Charge for the year	11,794	9,941	21,735
	---------	---------	----------
At 29 September 2024	31,915	36,210	68,125
	---------	---------	----------
Carrying amount
At 29 September 2024	27,057	13,493	40,550
	---------	---------	----------
At 29 September 2023	38,851	20,453	59,304
	---------	---------	----------

6. DEBTORS

	2024	2023
	£	£
Trade debtors	64,353	72,837
Other debtors	466,030	479,246
	----------	----------
	530,383	552,083
	----------	----------

Other debtors include the director's current account of £23,980 which was repaid within nine months of the year end. Interest has been charged on the director's overdrawn current account at HMRC's official rate. Other debtors also include an amount of £340,000 due from a company with a common director.

7. CREDITORS: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	4,900	4,800
Corporation tax	120,612	99,121
Social security and other taxes	19,932	8,893
Other creditors	191,411	30,916
	----------	----------
	336,855	143,730
	----------	----------

Other creditors include an amount of £151,078 due from a company with a common director.

8. CREDITORS: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	24,573	29,466
	---------	---------