Company Registration No. 03976245 (England and Wales)
The Trade Centre (UK) Limited
Unaudited accounts
for the year ended 31 December 2019
The Trade Centre (UK) Limited
Unaudited accounts
Contents
The Trade Centre (UK) Limited
Statement of financial position
as at
31 December 2019
Tangible assets
734,908
740,897
Cash at bank and in hand
307,939
114,944
Creditors: amounts falling due within one year
(197,636)
(33,148)
Net current assets
130,954
127,706
Total assets less current liabilities
872,928
879,899
Provisions for liabilities
Deferred tax
(1,438)
(2,576)
Net assets
871,490
877,323
Called up share capital
20
20
Profit and loss account
871,470
877,303
Shareholders' funds
871,490
877,323
For the year ending 31 December 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 3 August 2020 and were signed on its behalf by
N. P. Dale
Director
Company Registration No. 03976245
The Trade Centre (UK) Limited
Notes to the Accounts
for the year ended 31 December 2019
The Trade Centre (UK) Limited is a private company, limited by shares, registered in England and Wales, registration number 03976245. The registered office is Firdale House, Kilnwick Lane, Lockington, East Yorkshire, Y025 9SY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2 % on cost
Motor vehicles
25% on cost
Fixtures & fittings
20% on cost
4
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2019
727,345
21,550
25,050
773,945
At 31 December 2019
727,345
21,550
25,050
773,945
At 1 January 2019
-
10,775
22,273
33,048
Charge for the year
-
5,388
601
5,989
At 31 December 2019
-
16,163
22,874
39,037
At 31 December 2019
727,345
5,387
2,176
734,908
At 31 December 2018
727,345
10,775
2,777
740,897
Depreciation on Land and Buildings is provided at a rate of 2% on cost, however the value on the balance sheet is deemed to be the market value of the property, therefore no depreciation has been charged in the year.
The Trade Centre (UK) Limited
Notes to the Accounts
for the year ended 31 December 2019
5
Investments
Other investments
Valuation at 1 January 2019
11,296
Fair value adjustments
(276)
Valuation at 31 December 2019
7,066
Finished goods
8,250
32,890
Accrued income and prepayments
2,119
2,975
Other debtors
10,144
9,708
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Creditors: amounts falling due within one year
2019
2018
Trade creditors
173,777
25,276
Taxes and social security
16,513
3,762
Other creditors
1,617
1,617
Loans from directors
3,629
443
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Average number of employees
During the year the average number of employees was 3 (2018: 3).