LT Trade Advisory Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07909751 (England and Wales)

LT Trade Advisory Ltd

Unaudited Financial Statements

for the Year Ended 31 August 2019

Page

Company information

1

Balance sheet

2

Notes to the financial statements

3

Director:

L E Taylor

Registered office:

Mynshull House

78 Churchgate

Stockport

Cheshire

SK1 1YJ

Registered number:

07909751 (England and Wales)

Accountants:

Warr & Co Limited

Chartered Accountants

Mynshull House

78 Churchgate

Stockport

Cheshire

SK1 1YJ

Fixed assets

Tangible assets

4

1,635

1,836

Current assets

Debtors

5

154,602

47,621

Cash at bank

161,739

237,746

316,341

285,367

Creditors

Amounts falling due within one year

6

19,441

20,952

Net current assets

296,900

264,415

Total assets less current liabilities

298,535

266,251

Capital and reserves

Called up share capital

30

30

Retained earnings

298,505

266,221

Shareholders' funds

298,535

266,251

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2019 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 applicable to companies subject to the small companies regime.

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 15 October 2019 and were signed by:

L E Taylor - Director

1.	Statutory information

LT Trade Advisory Ltd 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 value added tax.

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

-

25% on reducing balance

Pension costs and other post-retirement benefits

The company does not operate a company pension scheme but makes contributions to a personal pension scheme

of the director. Contributions payable for the year are charged in the profit and loss account.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the average rate of exchange

for the year. Exchange rate differences are taken into account in arriving at the operating result.

3.	Employees and directors

The average number of employees during the year was 1 (2018 - 2 ) .

4.	Tangible fixed assets

Plant and

machinery

etc

£

Cost

At 1 September 2018

7,142

Additions

388

Disposals

(173

)

At 31 August 2019

7,357

Depreciation

At 1 September 2018

5,306

Charge for year

548

Eliminated on disposal

(132

)

At 31 August 2019

5,722

Net book value

At 31 August 2019

1,635

At 31 August 2018

1,836

5.

Debtors: amounts falling due within one year

31.8.19

31.8.18

£

£

Trade debtors

13,958

13,385

Other debtors

18,536

34,236

Directors' current accounts

122,108

-

154,602

47,621

6.

Creditors: amounts falling due within one year

31.8.19

31.8.18

£

£

Corporation tax

7,678

9,447

VAT

4,016

1,608

Other creditors

6,647

6,647

Directors' current accounts

-

2,250

Accrued expenses

1,100

1,000

19,441

20,952

7.	Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 August 2019 and

31 August 2018:

31.8.19

31.8.18

£

£

L E Taylor

Balance outstanding at start of year

-

-

Amounts advanced

122,108

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

122,108

-

The loan was at commercial rates of interest and repayable on demand.