Trade Drive Motors Limited

Trade Drive Motors Limited
Contents Page
For the Period 19 May 2024 to 31 May 2025

Statement of Financial Position	1
Notes to the Financial Statements	2

Trade Drive Motors Limited
Statement of Financial Position
As at 31 May 2025

	Notes	2025 £
Current assets
Stocks		90,030
Debtors		10,133
Cash at bank and in hand		4,814
		104,977
Creditors: amount falling due within one year		(173,300)
Net current assets		(68,323)

Total assets less current liabilities		(68,323)
Net assets		(68,323)

Capital and reserves
Called up share capital	3	10
Profit and loss account		(68,333)
Shareholders' funds		(68,323)

For the period ended 31 May 2025 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 period in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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 members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the board of directors on 20 July 2026 and were signed on its behalf by:

-------------------------------
Janith De Alwis
Director

-------------------------------
Dinithi Ishara Dewalagama Gammarachchige
Director

1

Trade Drive Motors Limited
Notes to the Abridged Financial Statements
For the Period 19 May 2024 to 31 May 2025

General Information

Trade Drive Motors Limited is a private company, limited by shares, registered in registration number 15728982 registration address 50d Sunderland Road, Sandy, SG19 1QY .

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Going concern basis

Since the net assets are minus as of the reporting date, the directors confirm that they are willing to invest more money into the company where necessary. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.	Average number of employees Average number of employees during the period was 2.

3.

Share Capital

Authorised
1 Class A share of £10.00 each

Allotted, called up and fully paid	2025 £
1 Class A share of £10.00 each	10
	10

2

Registered Number: 15728982

TRADE DRIVE MOTORS LIMITED

Abridged Accounts

Period of accounts Start date: 19 May 2024 End date: 31 May 2025