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 2022

Period of accounts

Start date: 01 December 2021

End date: 30 November 2022

UK TRADE CARS LIMITED

Contents of the Financial Statements

for the Period Ended 30 November 2022

Balance sheet
Notes

UK TRADE CARS LIMITED

Balance sheet

As at 30 November 2022


Notes
2022
2021


£
£
Fixed assets
Tangible assets: 3 52,407 63,045
Total fixed assets: 52,407 63,045
Current assets
Stocks: 487,643 490,947
Debtors:   53,096 49,070
Cash at bank and in hand: 229,218 81,738
Total current assets: 769,957 621,755
Creditors: amounts falling due within one year:   (583,464) (489,297)
Net current assets (liabilities): 186,493 132,458
Total assets less current liabilities: 238,900 195,503
Creditors: amounts falling due after more than one year:   (133,858) (85,530)
Total net assets (liabilities): 105,042 109,973
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 104,942 109,873
Shareholders funds: 105,042 109,973

The notes form part of these financial statements

UK TRADE CARS LIMITED

Balance sheet statements

For the year ending 30 November 2022 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 28 September 2023
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 2022

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 2022

2. Employees

2022 2021
Average number of employees during the period 2 2

UK TRADE CARS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2022

3. Tangible Assets

Total
Cost £
At 01 December 2021 99,606
Additions 2,464
At 30 November 2022 102,070
Depreciation
At 01 December 2021 36,561
Charge for year 13,102
At 30 November 2022 49,663
Net book value
At 30 November 2022 52,407
At 30 November 2021 63,045