LT Trade Advisory Ltd - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 07909751 (England and Wales)

LT Trade Advisory Ltd

Unaudited Financial Statements

for the Year Ended 31 August 2022

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

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

1,667

1,730

Investments

5

24,678

24,678

26,345

26,408

Current assets

Debtors

6

152,158

153,060

Cash at bank

190,299

138,380

342,457

291,440

Creditors

Amounts falling due within one year

7

13,436

7,056

Net current assets

329,021

284,384

Total assets less current liabilities

355,366

310,792

Capital and reserves

Called up share capital

30

30

Retained earnings

355,336

310,762

355,366

310,792

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2022 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 12 December 2022 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 as modified by the revaluation of certain assets.

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

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.

Fixed asset investments

Fixed asset investments are stated at fair value. Changes in fair value are recognised in profit or loss.

3.	Employees and directors

The average number of employees during the year was 1 (2021 - 1 ) .

4.	Tangible fixed assets

Plant and

machinery

etc

£

Cost

At 1 September 2021

5,330

Additions

707

Disposals

(573

)

At 31 August 2022

5,464

Depreciation

At 1 September 2021

3,600

Charge for year

556

Eliminated on disposal

(359

)

At 31 August 2022

3,797

Net book value

At 31 August 2022

1,667

At 31 August 2021

1,730

5.	Fixed asset investments

31.8.22

31.8.21

£

£

Other investments not loans

24,678

24,678

Additional information is as follows:

Unlisted

investments

£

Cost or valuation

At 1 September 2021

and 31 August 2022

18,365

Net book value

At 31 August 2022

18,365

At 31 August 2021

18,365

Investments (neither listed nor unlisted) were as follows:

31.8.22

31.8.21

£

£

Artwork

6,313

6,313

6.

Debtors

31.8.22

31.8.21

£

£

Amounts falling due within one year:

Trade debtors

12,493

12,898

Other debtors

110,177

110,487

122,670

123,385

Amounts falling due after more than one year:

Other debtors

29,488

29,675

Aggregate amounts

152,158

153,060

7.

Creditors: amounts falling due within one year

31.8.22

31.8.21

£

£

Taxation and social security

12,136

5,856

Other creditors

1,300

1,200

13,436

7,056

8.	Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 August 2022 and 31 August 2021:

31.8.22

31.8.21

£

£

L E Taylor

Balance outstanding at start of year

93,066

91,308

Amounts advanced

-

1,758

Amounts repaid

(746

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

92,320

93,066

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