General Information
Tradepulse Limited is a private company, limited by shares, registered in England and Wales, registration number 11964051, registration address C/O Goldwyns London Llp, No.1 Royal Exchange, United kingdom, London, EC3V 3DG.
| 1. |
Accounting policies
Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The financial statements are prepared in UK sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest UK pound.
The principle accounting policies adopted are set below.
Going concern Disclosure
The director has considered the prospect of the business for the next twelve months and beyond and has arrived at a reasonable expectation the company will continue to meet its obligations as they fall due. The director has also pledged their financial support to assist with this if required. On this basis, the director will continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicle - 25% on reducing balance method
Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items.
Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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 statement of financial position date.
Cash And Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
Critical Accounting Judgements and Key Sources of Estimation Uncertainty
In the application of the company's accounting policies management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily ascertainable from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual outcomes may differ from these estimates. The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to accounting estimates are recognised in the period in which the estimates are revised.
The key areas of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below.
Accrued Expenditure
The company includes a provision for invoices which are yet to be received from and amounts paid in advance to suppliers. These provisions are estimated based upon the expected values of the invoices which are issued and services received following the period end.
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, creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
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| 2. |
Average number of employees
Average number of employees during the year was 1 (2024 : 1).
|
| 3. |
Related Party Disclosure
There is a current liability of £394 (2024 - £94) as at the year end owed to a director and shareholder of the company. This loan is interest free and repayable on demand.
The company has provided a loan to a connected company. At the year end the company was owed £39,935 (2024 - £81,685) by the connected company, the loan is a current asset, unsecured, interest free and repayable on demand.
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| 4. |
Tangible fixed assets
| Cost or valuation |
Motor Vehicles |
|
Total |
| |
£ |
|
£ |
| At 01 April 2024 |
- |
|
- |
| Additions |
63,459 |
|
63,459 |
| Disposals |
- |
|
- |
| At 31 March 2025 |
63,459 |
|
63,459 |
| Depreciation |
| At 01 April 2024 |
- |
|
- |
| Charge for year |
10,577 |
|
10,577 |
| On disposals |
- |
|
- |
| At 31 March 2025 |
10,577 |
|
10,577 |
| Net book values |
| Closing balance as at 31 March 2025 |
52,882 |
|
52,882 |
| Opening balance as at 01 April 2024 |
- |
|
- |
|
| 5. |
Stocks
|
2025
£ |
|
2024
£ |
| Stocks |
116,381 |
|
104,446 |
|
116,381 |
|
104,446 |
|
| 6. |
Debtors: amounts falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Debtors |
274,079 |
|
215,658 |
| Amount Owed by Group Undertakings |
39,935 |
|
81,685 |
| Other Debtors |
19,797 |
|
8,396 |
|
333,811 |
|
305,739 |
|
| 7. |
Creditors: amount falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Creditors |
154,904 |
|
220,061 |
| Bank Loans & Overdrafts |
256,971 |
|
142,376 |
| Other Creditors |
43,368 |
|
28,131 |
| Obligations under HP/Financial Leases |
8,811 |
|
0 |
|
464,054 |
|
390,568 |
|
| 8. |
Creditors: amount falling due after more than one year
|
2025
£ |
|
2024
£ |
| Obligations Under HP/Financial Leases |
45,840 |
|
0 |
|
45,840 |
|
0 |
|
3
|