Company Registration No. 08156269 (England and Wales)
ETRADER DIRECT LTD
Unaudited accounts
for the year ended 30 July 2021
ETRADER DIRECT LTD
Unaudited accounts
Contents
ETRADER DIRECT LTD
Company Information
for the year ended 30 July 2021
Company Number
08156269 (England and Wales)
Accountants
AK ACCOUNTANTS
562-564 MANCHESTER ROAD
BRADFORD
WEST YORKSHIRE
BD5 7LR
ETRADER DIRECT LTD
Accountants' report
Accountants' report to the director of ETRADER DIRECT LTD on the preparation of the unaudited statutory accounts for the year ended 30 July 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
ETRADER DIRECT LTD for the year ended
30 July 2021 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of ETRADER DIRECT LTD, as a body, in accordance with the terms of our engagement letter dated 25 July 2012. Our work has been undertaken solely to prepare for your approval the accounts of ETRADER DIRECT LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ETRADER DIRECT LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that ETRADER DIRECT LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of ETRADER DIRECT LTD. You consider that ETRADER DIRECT LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of ETRADER DIRECT LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
AK ACCOUNTANTS
562-564 MANCHESTER ROAD
BRADFORD
WEST YORKSHIRE
BD5 7LR
20 April 2022
ETRADER DIRECT LTD
Statement of financial position
as at
30 July 2021
Tangible assets
820
1,025
Inventories
110,584
90,677
Cash at bank and in hand
7,700
26,358
Creditors: amounts falling due within one year
(65,298)
(105,941)
Net current assets
55,436
16,094
Total assets less current liabilities
56,256
17,119
Creditors: amounts falling due after more than one year
(50,000)
(3,214)
Profit and loss account
6,256
13,905
Shareholders' funds
6,256
13,905
For the year ending 30 July 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 director acknowledges his 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 and authorised for issue on 20 April 2022 and were signed on its behalf by
MUNSIF KHAN
Director
Company Registration No. 08156269
ETRADER DIRECT LTD
Notes to the Accounts
for the year ended 30 July 2021
ETRADER DIRECT LTD is a private company, limited by shares, registered in England and Wales, registration number 08156269.
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:
4
Tangible fixed assets
Fixtures & fittings
Cost or valuation
At cost
5
Debtors: amounts falling due within one year
2021
2020
Other debtors
2,450
5,000
ETRADER DIRECT LTD
Notes to the Accounts
for the year ended 30 July 2021
6
Creditors: amounts falling due within one year
2021
2020
Taxes and social security
1,332
-
Loans from directors
56,187
44,447
7
Creditors: amounts falling due after more than one year
2021
2020
Taxes and social security
-
3,214
8
Average number of employees
During the year the average number of employees was 2 (2020: 2).