Wallace Trading Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06017086 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2019

FOR

WALLACE TRADING LIMITED

Page

Balance Sheet

1

FIXED ASSETS

849

1,281

CURRENT ASSETS

89,646

49,798

CREDITORS

Amounts falling due within one year

(58,505

)

(50,710

)

NET CURRENT ASSETS/(LIABILITIES)

31,141

(912

)

TOTAL ASSETS LESS CURRENT LIABILITIES

31,990

369

CAPITAL AND RESERVES

31,990

369

NOTES TO THE FINANCIAL STATEMENTS

1.	STATUTORY INFORMATION

Wallace Trading Limited is a private company, limited by shares , registered in England and Wales.

The company's registered number and registered office address are as below:

Registered number:

06017086

Registered office:

9 Commerce Road

Lynchwood

Peterborough

Cambridgeshire

PE2 6LR

2.	AVERAGE NUMBER OF EMPLOYEES

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

3.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2019

and 31 December 2018:

2019

2018

£

£

J Fairley and Mrs C Fairley

Balance outstanding at start of year

23,620

14,864

Amounts advanced

106,310

107,836

Amounts repaid

(97,061

)

(99,080

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

32,869

23,620

The above loan is unsecured.

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors on 27 March 2020 and were signed on its behalf by:

J Fairley - Director