Company Registration No. 14169791 (England and Wales)
LocalTradesUK Ltd
Unaudited accounts
for the year ended 31 October 2023
LocalTradesUK Ltd
Unaudited accounts
Contents
LocalTradesUK Ltd
Company Information
for the year ended 31 October 2023
Company Number
14169791 (England and Wales)
Registered Office
41 Caldy Road
Cardiff
CF14 2LG
Accountants
Evans Entwistle
Villa House
7 Herbert Terrace
Penarth
Vale of Glamorgan
CF64 2AH
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
LocalTradesUK Ltd
for the year ended 31 October 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of LocalTradesUK Ltd for the year ended 31 October 2023 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Evans Entwistle
Member in Practice
Villa House
7 Herbert Terrace
Penarth
Vale of Glamorgan
CF64 2AH
20 February 2024
LocalTradesUK Ltd
Statement of financial position
as at 31 October 2023
Creditors: amounts falling due within one year
(12,300)
(10,357)
Net current assets
86,090
39,796
Total assets less current liabilities
86,090
39,796
Creditors: amounts falling due after more than one year
(33,000)
(21,000)
Called up share capital
100
100
Profit and loss account
52,990
18,696
Shareholders' funds
53,090
18,796
For the year ending 31 October 2023 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 February 2024 and were signed on its behalf by
Ryan Murch
Director
Company Registration No. 14169791
LocalTradesUK Ltd
Notes to the Accounts
for the year ended 31 October 2023
LocalTradesUK Ltd is a private company, limited by shares, registered in England and Wales, registration number 14169791. The registered office is 41 Caldy Road, Cardiff, CF14 2LG.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Amounts falling due within one year
Other debtors
98,390
50,153
5
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
11,278
9,335
6
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
33,000
21,000
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
LocalTradesUK Ltd
Notes to the Accounts
for the year ended 31 October 2023
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
General Loan
(21,000)
-
12,000
(33,000)
(21,000)
-
12,000
(33,000)
General loan repayable on demand and interest free.
9
Transactions with related parties
At the end of the final year under consideration the company was due £98,390 from RM Plumbing & Electrical Ltd (07842110) a company under common control.
10
Average number of employees
During the year the average number of employees was 1 (2022: 1).