IAM Trade 365 Limited 31/03/2021 iXBRL
IAM Trade 365 Limited 31/03/2021 iXBRL
Company registration number:
11684229
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
Directors and other information
Directors |
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Company number |
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Registered office |
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Accountants |
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Cholmondeley House | ||
Dee Hills Park | ||
Chester | ||
Cheshire | ||
CH3 5AR | ||
Chartered accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of IAM Trade 365 Limited
Year ended 31 March 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of IAM Trade 365 Limited for the year ended 31 March 2021 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the board of directors of IAM Trade 365 Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of IAM Trade 365 Limited and state those matters that we have agreed to state to the board of directors of IAM Trade 365 Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than IAM Trade 365 Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that IAM Trade 365 Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of IAM Trade 365 Limited. You consider that IAM Trade 365 Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of IAM Trade 365 Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Chartered Accountants
Cholmondeley House
Dee Hills Park
Chester
Cheshire
CH3 5AR
29 March 2022
Statement of financial position
31 March 2021
31/03/21 | 31/03/20 | ||||||||
Note | £ | £ | £ | £ | |||||
Current assets | |||||||||
Stocks |
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Debtors | 5 |
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Cash at bank and in hand |
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Creditors: amounts falling due | |||||||||
within one year | 6 |
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Net current assets/(liabilities) |
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Total assets less current liabilities |
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Creditors: amounts falling due | |||||||||
after more than one year | 7 |
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Net liabilities |
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Capital and reserves | |||||||||
Called up share capital |
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Profit and loss account |
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Shareholders deficit |
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Directors responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
29 March 2022
, and are signed on behalf of the board by:
Director
Company registration number:
11684229
Notes to the financial statements
Year ended 31 March 2021
1.
General information
The company is a private company limited by shares, registered in United Kingdom. The address of the registered office is Cholmondeley House, Dee Hills Park, Chester, Cheshire, CH3 5AR.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Going concern
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
Stocks
Financial instruments
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2020:
2
).
5.
Debtors
31/03/21 | 31/03/20 | |||
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Trade debtors | - |
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Other debtors |
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6.
Creditors: amounts falling due within one year
31/03/21 | 31/03/20 | |||
£ | £ | |||
Social security and other taxes |
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Other creditors |
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7.
Creditors: amounts falling due after more than one year
31/03/21 | 31/03/20 | |||
£ | £ | |||
Bank loans and overdrafts |
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8.
Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company: | ||||
Year ended 31/03/21 | ||||
Balance brought forward | Advances /(credits) to the directors | Balance o/standing | ||
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Period ended 31/03/20 | ||||
Balance brought forward | Advances /(credits) to the directors | Balance o/standing | ||
£ | £ | £ | ||
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