Trade Autos (York) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04772017 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st July 2018

for

Trade Autos (York) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

G Parkinson

SECRETARY:

Mrs J Parkinson

REGISTERED OFFICE:

Conival

York Road

Shiptonthorpe

Yorkshire

YO43 3PF

REGISTERED NUMBER:

04772017 (England and Wales)

ACCOUNTANTS:

Pocklington Accountancy Ltd

41 Southfield Road

Pocklington

York

East Yorkshire

YO42 2XE

FIXED ASSETS

Tangible assets

4

272

384

CURRENT ASSETS

Stocks

25,400

23,600

Cash in hand

592

53

25,992

23,653

CREDITORS

Amounts falling due within one year

5

42,557

44,178

NET CURRENT LIABILITIES

(16,565

)

(20,525

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(16,293

)

(20,141

)

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

(16,493

)

(20,341

)

SHAREHOLDERS' FUNDS

(16,293

)

(20,141

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 31st March 2019 and were signed by:

G Parkinson - Director

1.	STATUTORY INFORMATION

Trade Autos (York) Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on reducing balance and 20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2017 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1st August 2017

and 31st July 2018

1,219

1,720

2,939

DEPRECIATION

At 1st August 2017

1,099

1,456

2,555

Charge for year

24

88

112

At 31st July 2018

1,123

1,544

2,667

NET BOOK VALUE

At 31st July 2018

96

176

272

At 31st July 2017

120

264

384

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

11,873

20,890

Taxation and social security

2,477

1,262

Other creditors

28,207

22,026

42,557

44,178