true
Holdtrade (UK) Limited
03231657
2014-12-31
447865
409512
457865
419512
3000
3000
7000
7000
457865
419512
2768
3654
460633
423166
358785
296993
1517549
1044518
1876334
1341511
1068058
520025
585137
665729
223139
155757
101848
126173
91538
115863
10310
10310
Basis of accounting
The financial statements have been prepared under the historical cost convention, and in accordance with applicable UK accounting standards.
Cash flow statement
The company has taken advantage of the provisions of Financial Reporting Standard No 1 and has not
prepared a cash flow statement.
Turnover
The turnover shown in the profit and loss account represents revenue earned during the period exclusive of VAT.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.
Hire purchase agreements
Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed
assets at their fair value. The capital element of the future payments is treated as a liability and
the interest is charged to the profit and loss account on a straight line basis.
Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.
Pension costs
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not
reversed at the balance sheet date where transactions or events have occurred at that date that
will result in an obligation to pay more, or a right to pay less or to receive more tax, with
the following exceptions:
Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments)
of fixed assets, and gains on disposal of fixed assets that have been rolled over into replacement
assets, only to the extent that, at the balance sheet date, there is a binding agreement to dispose
of the assets concerned. However, no provision is made where, on the basis of all available
evidence at the balance sheet date, it is more likely than not that the taxable gain will be rolled
over into replacement assets and charged to tax only where the replacement assets are sold.
Deferred tax assets are recognised only to the extent that the director considers that it is more
likely than not that there will be suitable taxable profits from which the future reversal of the
underlying timing differences can be deducted.
Deferred tax is measured on an undiscounted basis at the tax rates that are expected
to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or
substantively enacted at the balance sheet date.
Fixed Assets
All fixed assets are initially recorded at cost.
Provisions for liabilities and charges
Provisions for the expected costs of maintenance under guarantees are charged against profits when
products have been invoiced. The effect of the time value of money is not material and therefore
the provisions are not discounted.
Financial Instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Plant & Machinery
Reducing Balance
0.2500
Fixtures & Fittings
Reducing Balance
0.2500
Motor Vehicles
Reducing Balance
0.2500
Equipment
Reducing Balance
0.2500
Improvements of property
Straight Line
0.1000
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
342009
341109
900
250471
225246
25225
10310
10310
352319
351419
900
250471
225246
25225
Ordinary
10000
1
10000
10000
Ordinary
1
3000
3000
3000
2015-09-15
Mr. M B Burrow
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
Holdtrade (UK) Limited
2014-01-01
2014-12-31
Holdtrade (UK) Limited
2013-01-01
2013-12-31
Holdtrade (UK) Limited
2012-12-31
Holdtrade (UK) Limited
2013-12-31
Holdtrade (UK) Limited
2013-12-31
Holdtrade (UK) Limited
2014-12-31
2015-09-21