REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended |
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28 February 2022 |
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for |
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Trade Master Property Services Limited |
REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended |
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28 February 2022 |
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for |
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Trade Master Property Services Limited |
Trade Master Property Services Limited (Registered number: 02563595) |
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Contents of the Financial Statements |
for the Year Ended 28 February 2022 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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Trade Master Property Services Limited |
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Company Information |
for the Year Ended 28 February 2022 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Church Court |
Stourbridge Road |
Halesowen |
West Midlands |
B63 3TT |
Trade Master Property Services Limited (Registered number: 02563595) |
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Balance Sheet |
28 February 2022 |
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2022 | 2021 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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Investments | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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Trade Master Property Services Limited (Registered number: 02563595) |
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Notes to the Financial Statements |
for the Year Ended 28 February 2022 |
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1. | STATUTORY INFORMATION |
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Trade Master Property Services Limited is a
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover represents net invoiced sales of services, excluding value added tax. |
Turnover is recognised according to the date the service has been completed and the amount of revenue can be measured reliably. |
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Tangible fixed assets |
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Plant and machinery | - |
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Fixtures and fittings | - |
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Motor vehicles | - |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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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. |
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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. |
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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. |
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Government grants |
Government grants received are recognised in the profit and loss account so as to match them with the expenditure towards which they are intended to contribute. |
Government grants received in respect of capital expenditure are deducted from the cost of the expenditure within fixed assets. |
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Investments |
Investments are included at fair value. |
The Company's portfolio of investments are stated at bid price. All increases and decreases in market value at the balance sheet date are included in the Income Statement. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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Trade Master Property Services Limited (Registered number: 02563595) |
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Notes to the Financial Statements - continued |
for the Year Ended 28 February 2022 |
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4. | TANGIBLE FIXED ASSETS |
Fixtures |
Plant and | and | Motor |
machinery | fittings | vehicles | Totals |
£ | £ | £ | £ |
COST |
At 1 March 2021 |
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Disposals | ( |
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At 28 February 2022 |
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DEPRECIATION |
At 1 March 2021 |
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Charge for year |
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Eliminated on disposal | ( |
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At 28 February 2022 |
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NET BOOK VALUE |
At 28 February 2022 |
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At 28 February 2021 |
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5. | FIXED ASSET INVESTMENTS |
Other |
investments |
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COST OR VALUATION |
Additions |
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Disposals | ( |
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Revaluations | ( |
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At 28 February 2022 |
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NET BOOK VALUE |
At 28 February 2022 |
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Cost or valuation at 28 February 2022 is represented by: |
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Other |
investments |
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Valuation in 2022 | (4,098 | ) |
Cost | 57,486 |
53,388 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Trade debtors |
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Other debtors |
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Trade Master Property Services Limited (Registered number: 02563595) |
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Notes to the Financial Statements - continued |
for the Year Ended 28 February 2022 |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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8. | RELATED PARTY DISCLOSURES |
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As at the end of the year the company owed £218 (2021: £218) to the director. |
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At 29 February 2022 the company was owed £646 (2021 - £2,416) by Drewmark Building Services Limited and made sales of £13,433 (2021 - £21,414) to them. |
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At 28 February 2022 the company owed £530 (2021 - £1,026) to Drewmark Building Services Limited and purchased goods and services of £85,300 (2021 - £79,162) from them. |
Drewmark Building Services Limited is a company under common control. |