REGISTERED NUMBER: |
Financial Statements |
for the Period 1 April 2022 to 31 July 2023 |
for |
Padley Trading Ltd |
REGISTERED NUMBER: |
Financial Statements |
for the Period 1 April 2022 to 31 July 2023 |
for |
Padley Trading Ltd |
Padley Trading Ltd (Registered number: 02635560) |
Contents of the Financial Statements |
for the Period 1 April 2022 to 31 July 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Padley Trading Ltd |
Company Information |
for the Period 1 April 2022 to 31 July 2023 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Statutory Auditors |
Chartered Accountants |
The Mills |
Canal Street |
Derby |
DE1 2RJ |
Padley Trading Ltd (Registered number: 02635560) |
Balance Sheet |
31 July 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Padley Trading Ltd (Registered number: 02635560) |
Notes to the Financial Statements |
for the Period 1 April 2022 to 31 July 2023 |
1. | STATUTORY INFORMATION |
Padley Trading Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
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 are stated at historical cost less accumulated depreciation. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
Land and buildings | - 4% on cost |
Motor vehicles | - 25% on cost |
Fixtures & fittings | - 20% on cost |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
Padley Trading Ltd (Registered number: 02635560) |
Notes to the Financial Statements - continued |
for the Period 1 April 2022 to 31 July 2023 |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Motor |
fittings | vehicles | Totals |
£ | £ | £ |
COST |
At 1 April 2022 |
Additions |
At 31 July 2023 |
DEPRECIATION |
At 1 April 2022 |
Charge for period |
At 31 July 2023 |
NET BOOK VALUE |
At 31 July 2023 |
At 31 March 2022 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade debtors |
Amounts owed by group undertakings |
Other debtors |
Prepayments |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade creditors |
Other creditors |
Accruals and deferred income |
7. | LEASING AGREEMENTS |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
2023 | 2022 |
£ | £ |
Within one year |
Between one and five years |
Padley Trading Ltd (Registered number: 02635560) |
Notes to the Financial Statements - continued |
for the Period 1 April 2022 to 31 July 2023 |
8. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
9. | ULTIMATE CONTROLLING PARTY |
The controlling party is YMCA Derbyshire. |