Citac Trading Company Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02577552 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2021

FOR

CITAC TRADING COMPANY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R M Cave

REGISTERED OFFICE:

Leonard House

5 - 7 Newman Road

Bromley

Kent

BR1 1RJ

REGISTERED NUMBER:

02577552 (England and Wales)

ACCOUNTANTS:

Crane & Partners

Chartered Accountants

Leonard House

5 - 7 Newman Road

Bromley

Kent

BR1 1RJ

FIXED ASSETS

Tangible assets

4

56

82

CURRENT ASSETS

Debtors

5

12,513

27,790

Cash at bank

31,202

16,873

43,715

44,663

CREDITORS

Amounts falling due within one year

6

16,670

15,501

NET CURRENT ASSETS

27,045

29,162

TOTAL ASSETS LESS CURRENT LIABILITIES

27,101

29,244

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

27,001

29,144

SHAREHOLDERS' FUNDS

27,101

29,244

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2021 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 and authorised for issue on 30 June 2022 and were signed by:

R M Cave - Director

1.	STATUTORY INFORMATION

Citac Trading Company 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

-

25% on reducing balance

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2020

and 30 June 2021

21,101

DEPRECIATION

At 1 July 2020

21,019

Charge for year

26

At 30 June 2021

21,045

NET BOOK VALUE

At 30 June 2021

56

At 30 June 2020

82

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

3,368

6,645

Other debtors

9,145

21,145

12,513

27,790

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Taxation and social security

3,212

2,964

Other creditors

13,458

12,537

16,670

15,501

7.	RELATED PARTY DISCLOSURES

R Cave is a director and a shareholder of Tongdam Thai Restaurants Limited. As at the year end Tongdam Thai Restaurants Limited owed Citac Trading Company Limited £9,145 (2020: £21,145).

As at the year end the company owed R Cave £12,958 (2020: £12,037).

8.	ULTIMATE CONTROLLING PARTY

The controlling party is R M Cave.