REGISTERED NUMBER:
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UK TRADERS AND INVESTMENT LIMITED |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30 SEPTEMBER 2016 |
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REGISTERED NUMBER:
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UK TRADERS AND INVESTMENT LIMITED |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30 SEPTEMBER 2016 |
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UK TRADERS AND INVESTMENT LIMITED (REGISTERED NUMBER: 08693184) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2016 |
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Company Information | 1 |
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Chartered Accountants' Report | 2 |
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Statement of Financial Position | 3 |
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Notes to the Financial Statements | 4 |
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UK TRADERS AND INVESTMENT LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 30 SEPTEMBER 2016 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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BUSINESS ADDRESS: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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15-17 Church Street |
Stourbridge |
West Midlands |
DY8 1LU |
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
UK TRADERS AND INVESTMENT LIMITED |
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The following reproduces the text of the report prepared for the directors and members in respect of the company's annual |
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement |
of Financial Position. Readers are cautioned that the Statement of Comprehensive Income and certain other primary |
statements and the Report of the Directors are not required to be filed with the Registrar of Companies. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements |
of UK Traders and Investment Limited for the year ended 30 September 2016 which comprise the Statement of Comprehensive |
Income, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records |
and from information and explanations you have given us. |
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As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
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This report is made solely to the Board of Directors of UK Traders and Investment Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of UK Traders and Investment Limited and state those matters that we have agreed to state to the Board of Directors of UK Traders and Investment Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than UK Traders and Investment Limited Board of Directors, as a body, for our work or for this report. |
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It is your duty to ensure that UK Traders and Investment Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of UK Traders and Investment Limited. You consider that UK Traders and Investment Limited is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of UK Traders and Investment Limited. 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 financial statements. |
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15-17 Church Street |
Stourbridge |
West Midlands |
DY8 1LU |
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UK TRADERS AND INVESTMENT LIMITED (REGISTERED NUMBER: 08693184) |
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STATEMENT OF FINANCIAL POSITION |
30 SEPTEMBER 2016 |
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2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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CURRENT ASSETS |
Debtors | 3 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 4 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES | 5 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 6 |
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Retained earnings | 7 |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) |
preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each
financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
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The financial statements were approved by the Board of Directors on
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UK TRADERS AND INVESTMENT LIMITED (REGISTERED NUMBER: 08693184) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2016 |
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1. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Financial reporting standard 102 - reduced disclosure exemptions |
The company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted |
by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland": |
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• | the requirements of Section 7 Statement of Cash Flows. |
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Turnover |
Turnover represents net sales of goods/services, excluding value added tax |
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Tangible fixed assets |
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Plant and machinery | - |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial |
position date. |
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2. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
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COST |
At 1 October 2015 |
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Additions |
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At 30 September 2016 |
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DEPRECIATION |
At 1 October 2015 |
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Charge for year |
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At 30 September 2016 |
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NET BOOK VALUE |
At 30 September 2016 |
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At 30 September 2015 |
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3. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
£ | £ |
Trade debtors |
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Other debtors |
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UK TRADERS AND INVESTMENT LIMITED (REGISTERED NUMBER: 08693184) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2016 |
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4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
£ | £ |
Taxation and social security |
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Other creditors |
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5. | PROVISIONS FOR LIABILITIES |
2016 | 2015 |
£ | £ |
Deferred tax | 66,743 | 63,157 |
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Deferred |
tax |
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Balance at 1 October 2015 |
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Charge to Statement of Comprehensive Income during year |
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Balance at 30 September 2016 |
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6. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
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Ordinary | £1 | 2 | 2 |
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7. | RESERVES |
Retained |
earnings |
£ |
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At 1 October 2015 |
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Profit for the year |
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Dividends | ( |
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At 30 September 2016 |
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8. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to directors subsisted during the years ended 30 September 2016 and 30 September 2015: |
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2016 | 2015 |
£ | £ |
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Balance outstanding at start of year |
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Amounts repaid |
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Balance outstanding at end of year |
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UK TRADERS AND INVESTMENT LIMITED (REGISTERED NUMBER: 08693184) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2016 |
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8. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued |
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Balance outstanding at start of year |
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Amounts repaid |
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Balance outstanding at end of year |
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9. | RELATED PARTY DISCLOSURES |
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Mr. J.K. Broadhurst is also a director and shareholder of Consolidated Steel Products Limited. During the year UK Traders |
and Investment Limited paid a management charge of £30,000 (2015: £30,000) to Consolidated Steel Products Limited. |
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10. | ULTIMATE CONTROLLING PARTY |
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The control of the company is exercised by the directors by virtue of their shareholdings. |
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11. | FIRST YEAR ADOPTION |
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No adjustments to the values included in the financial statements were required on transition to Financial Reporting Standard |
102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland". |
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