Company Registration No. 03976245 (England and Wales)
THE TRADE CENTRE (UK) LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2015
THE TRADE CENTRE (UK) LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
THE TRADE CENTRE (UK) LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2015
31 December 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
516,717
517,745
Investments
2
17,758
-
534,475
517,745
Current assets
Stocks
96,905
79,219
Debtors
27,781
4,597
Investments
3,292
201,415
Cash at bank and in hand
358,179
238,663
486,157
523,894
Creditors: amounts falling due within one year
(99,235)
(137,755)
Net current assets
386,922
386,139
Total assets less current liabilities
921,397
903,884
Provisions for liabilities
-
(143)
921,397
903,741
Capital and reserves
Called up share capital
3
1,020
1,020
Profit and loss account
920,377
902,721
Shareholders' funds
921,397
903,741
THE TRADE CENTRE (UK) LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2015
31 December 2015
- 2 -
For the financial year ended 31 December 2015 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 financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 16 May 2016
Mr N P Dale
Director
Company Registration No. 03976245
THE TRADE CENTRE (UK) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015
- 3 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Freehold
Fixtures, fittings & equipment
20% on cost
1.5
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
Current asset investments are stated at the lower of cost and net realisable value.
2
Fixed assets
Tangible assets
Investments
Total
£
£
£
Cost
At 1 January 2015
537,622
-
537,622
Additions
-
30,352
30,352
Disposals
-
(12,594)
(12,594)
At 31 December 2015
537,622
17,758
555,380
Depreciation
At 1 January 2015
19,878
-
19,878
Charge for the year
1,027
-
1,027
At 31 December 2015
20,905
-
20,905
Net book value
At 31 December 2015
516,717
17,758
534,475
At 31 December 2014
517,745
-
517,745
THE TRADE CENTRE (UK) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2015
- 4 -
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
20 Ordinary of £1 each
20
20
1,000 Ordinary A of £1 each
1,000
1,000
1,020
1,020