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 2021

Period of accounts

Start date: 01 December 2020

End date: 30 November 2021

UK TRADE CARS LIMITED

Contents of the Financial Statements

for the Period Ended 30 November 2021

Balance sheet
Notes

UK TRADE CARS LIMITED

Balance sheet

As at 30 November 2021


Notes
2021
2020


£
£
Fixed assets
Tangible assets: 3 63,045 46,064
Total fixed assets: 63,045 46,064
Current assets
Stocks: 490,947 487,004
Debtors:   49,070 48,041
Cash at bank and in hand: 81,738 107,897
Total current assets: 621,755 642,942
Creditors: amounts falling due within one year:   (489,297) (490,999)
Net current assets (liabilities): 132,458 151,943
Total assets less current liabilities: 195,503 198,007
Creditors: amounts falling due after more than one year:   (85,530) (94,356)
Total net assets (liabilities): 109,973 103,651
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 109,873 103,551
Shareholders funds: 109,973 103,651

The notes form part of these financial statements

UK TRADE CARS LIMITED

Balance sheet statements

For the year ending 30 November 2021 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 25 July 2022
and signed on behalf of the board by:

Name: P Sanderson
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 2021

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

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

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 2021

2. Employees

2021 2020
Average number of employees during the period 5 5

UK TRADE CARS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2021

3. Tangible Assets

Total
Cost £
At 01 December 2020 74,871
Additions 54,735
Disposals (30,000)
At 30 November 2021 99,606
Depreciation
At 01 December 2020 28,807
Charge for year 23,354
On disposals (15,600)
At 30 November 2021 36,561
Net book value
At 30 November 2021 63,045
At 30 November 2020 46,064