Company Registration No. 03976245 (England and Wales)
The Trade Centre (UK) Limited
Unaudited accounts
for the year ended 31 December 2021
The Trade Centre (UK) Limited
Unaudited accounts
Contents
The Trade Centre (UK) Limited
Statement of financial position
as at
31 December 2021
Tangible assets
18,212
24,010
Inventories
414,618
116,054
Cash at bank and in hand
789,161
138,841
Creditors: amounts falling due within one year
(542,196)
(49,176)
Net current assets
717,107
668,828
Total assets less current liabilities
738,349
696,240
Provisions for liabilities
Deferred tax
(3,461)
(4,563)
Net assets
734,888
691,677
Called up share capital
20
20
Profit and loss account
734,868
691,657
Shareholders' funds
734,888
691,677
For the year ending 31 December 2021 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 15 August 2022 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 2021
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:
Motor vehicles
25% on cost
Fixtures & fittings
20% on cost
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 January 2021
46,244
25,050
71,294
At 31 December 2021
46,244
26,148
72,392
At 1 January 2021
23,607
23,677
47,284
Charge for the year
6,172
724
6,896
At 31 December 2021
29,779
24,401
54,180
At 31 December 2021
16,465
1,747
18,212
At 31 December 2020
22,637
1,373
24,010
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 2021
5
Investments
Other investments
Valuation at 1 January 2021
3,402
Fair value adjustments
619
Valuation at 31 December 2021
3,030
6
Debtors: amounts falling due within one year
2021
2020
Accrued income and prepayments
2,845
2,168
Other debtors
17,739
461,884
7
Creditors: amounts falling due within one year
2021
2020
Trade creditors
520,009
46,183
Taxes and social security
19,785
-
Loans from directors
110
21
8
Average number of employees
During the year the average number of employees was 4 (2020: 4).