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Audited Financial Statements for the Year Ended 31 March 2020 |
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Tradescant Trading Company Limited |
REGISTERED NUMBER:
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Audited Financial Statements for the Year Ended 31 March 2020 |
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for |
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Tradescant Trading Company Limited |
Tradescant Trading Company Limited (Registered number: 02892249) |
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Contents of the Financial Statements |
for the Year Ended 31 March 2020 |
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Company Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 3 |
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Tradescant Trading Company Limited |
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Company Information |
for the Year Ended 31 March 2020 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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AUDITORS: |
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Chartered Accountants & Statutory Auditors |
4a Printing House Yard |
Hackney Road |
London |
E2 7PR |
Tradescant Trading Company Limited (Registered number: 02892249) |
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Statement of Financial Position |
31 March 2020 |
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2020 | 2019 |
Notes | £ | £ |
CURRENT ASSETS |
Stocks |
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Debtors | 4 |
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Cash at bank and in hand | ( |
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CREDITORS |
Amounts falling due within one year | 5 |
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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 | 6 |
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SHAREHOLDERS' FUNDS |
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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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Tradescant Trading Company Limited (Registered number: 02892249) |
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Notes to the Financial Statements |
for the Year Ended 31 March 2020 |
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1. | STATUTORY INFORMATION |
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Tradescant Trading Company 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
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Tangible fixed assets |
Depreciation has been provided at the following annual rate calculated to write off each asset over their expected useful life. |
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Furniture and equipment - 20% on cost. |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
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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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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Trade debtors |
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Amounts owed by group undertakings |
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Prepayments |
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Tradescant Trading Company Limited (Registered number: 02892249) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2020 |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Trade creditors |
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VAT | - | 66,529 |
Other creditors |
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Accrued expenses |
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Deferred income | 63,757 | 91,236 |
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6. | RESERVES |
Retained |
earnings |
£ |
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At 1 April 2019 |
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Profit for the year |
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Dividends | ( |
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At 31 March 2020 |
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7. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
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The Report of the Auditors was unqualified. |
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for and on behalf of
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8. | RELATED PARTY DISCLOSURES |
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During the period under review, the following related party transactions took place: |
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Related Party | Transactions | 2020 | 2019 |
£ | £ |
The Garden Museum Ltd | Rent paid | Nil | 24,000 |
Management fees | Nil | Nil |
Donations made | 224,844 | 117,663 |
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During the period under review, The Garden Museum Ltd and the Company entered into a number of transactions jointly. These financial statements reflect only the transactions relating to the Company. Material transactions entered into directly with, and for the benefit of, The Garden Museum Ltd are identified above. |
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9. | FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES |
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In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements. |