UK TRADE CARS LIMITED

UK TRADE CARS LIMITED

UK TRADE CARS LIMITED - Company Information

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UK TRADE CARS LIMITED

Company Registration Number:
08530386 (England and Wales)

Unaudited abridged accounts for the year ended 30 November 2019

Period of accounts

Start date: 01 December 2018

End date: 30 November 2019

UK TRADE CARS LIMITED

Contents of the Financial Statements

for the Period Ended 30 November 2019

Balance sheet
Notes

UK TRADE CARS LIMITED

Balance sheet

As at 30 November 2019


Notes
2019
2018


£
£
Fixed assets
Tangible assets: 3 56,460 13,600
Total fixed assets: 56,460 13,600
Current assets
Stocks: 403,817 295,976
Debtors:   54,059 22,950
Cash at bank and in hand: 169,666 39,581
Total current assets: 627,542 358,507
Creditors: amounts falling due within one year:   (565,836) (265,647)
Net current assets (liabilities): 61,706 92,860
Total assets less current liabilities: 118,166 106,460
Creditors: amounts falling due after more than one year:   (22,162)
Total net assets (liabilities): 96,004 106,460
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 95,904 106,360
Shareholders funds: 96,004 106,460

The notes form part of these financial statements

UK TRADE CARS LIMITED

Balance sheet statements

For the year ending 30 November 2019 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 27 November 2020
and signed on behalf of the board by:

Name: P Sandersonq
Status: Director

The notes form part of these financial statements

UK TRADE CARS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2019

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable excluding value added tax.

Tangible fixed assets and depreciation policy

Depreciation is provided at 20% on a reducing balance basis in order to write off each asset over its estimated useful life.

UK TRADE CARS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2019

2. Employees

2019 2018
Average number of employees during the period 5 5

UK TRADE CARS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2019

3. Tangible Assets

Total
Cost £
At 01 December 2018 17,000
Additions 56,975
At 30 November 2019 73,975
Depreciation
At 01 December 2018 3,400
Charge for year 14,115
At 30 November 2019 17,515
Net book value
At 30 November 2019 56,460
At 30 November 2018 13,600