ETRADER DIRECT LTD

ETRADER DIRECT LTD

ETRADER DIRECT LTD - Company Information

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31 July 2022 false No description of principal activity Taxfiler 2024.1 08156269business:PrivateLimitedCompanyLtd2022-07-312023-07-30 081562692022-07-30 081562692022-07-312023-07-30 08156269business:AuditExemptWithAccountantsReport2022-07-312023-07-30 08156269business:FilletedAccounts2022-07-312023-07-30 081562692023-07-30 08156269business:Director12022-07-312023-07-30 081562692022-07-30 08156269core:WithinOneYear2023-07-30 08156269core:WithinOneYear2022-07-30 08156269core:AfterOneYear2023-07-30 08156269core:AfterOneYear2022-07-30 08156269core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-07-30 08156269core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-07-30 08156269core:PreviouslyStatedAmount2023-07-30 08156269core:PreviouslyStatedAmount2022-07-30 08156269business:SmallEntities2022-07-312023-07-30 08156269countries:EnglandWales2022-07-312023-07-30 08156269core:FurnitureFittings2022-07-30 08156269core:FurnitureFittings2023-07-30 08156269core:FurnitureFittings2022-07-312023-07-30 081562692021-07-312022-07-30 iso4217:GBP xbrli:pure
Company Registration No. 08156269 (England and Wales)
ETRADER DIRECT LTD Unaudited accounts for the year ended 30 July 2023
ETRADER DIRECT LTD Unaudited accounts Contents
Page
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ETRADER DIRECT LTD Company Information for the year ended 30 July 2023
Director
MUNSIF KHAN
Company Number
08156269 (England and Wales)
Accountants
AK ACCOUNTANTS 562-564 MANCHESTER ROAD BRADFORD WEST YORKSHIRE BD5 7LR
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ETRADER DIRECT LTD Accountants' report
Accountants' report to the director of ETRADER DIRECT LTD on the preparation of the unaudited statutory accounts for the year ended 30 July 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of ETRADER DIRECT LTD for the year ended 30 July 2023 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of ETRADER DIRECT LTD, as a body, in accordance with the terms of our engagement letter dated 25 July 2012. Our work has been undertaken solely to prepare for your approval the accounts of ETRADER DIRECT LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ETRADER DIRECT LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that ETRADER DIRECT LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of ETRADER DIRECT LTD. You consider that ETRADER DIRECT LTD 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 accounts of ETRADER DIRECT LTD. 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 accounts.
AK ACCOUNTANTS 562-564 MANCHESTER ROAD BRADFORD WEST YORKSHIRE BD5 7LR 27 March 2024
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ETRADER DIRECT LTD Statement of financial position as at 30 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
525 
656 
Current assets
Inventories
68,754 
94,255 
Cash at bank and in hand
509 
1,573 
69,263 
95,828 
Creditors: amounts falling due within one year
5
(70,547)
(67,172)
Net current (liabilities)/assets
(1,284)
28,656 
Total assets less current liabilities
(759)
29,312 
Creditors: amounts falling due after more than one year
6
(23,622)
(43,311)
Net liabilities
(24,381)
(13,999)
Capital and reserves
Profit and loss account
(24,381)
(13,999)
Shareholders' funds
(24,381)
(13,999)
For the year ending 30 July 2023 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 March 2024 and were signed on its behalf by
MUNSIF KHAN Director Company Registration No. 08156269
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ETRADER DIRECT LTD Notes to the Accounts for the year ended 30 July 2023
1
Statutory information
ETRADER DIRECT LTD is a private company, limited by shares, registered in England and Wales, registration number 08156269.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 31 July 2022
1,669 
At 30 July 2023
1,669 
Depreciation
At 31 July 2022
1,013 
Charge for the year
131 
At 30 July 2023
1,144 
Net book value
At 30 July 2023
525 
At 30 July 2022
656 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
9,900 
- 
VAT
- 
5,195 
Other creditors
4,350 
5,750 
Loans from directors
55,297 
53,927 
Accruals
1,000 
2,300 
70,547 
67,172 
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ETRADER DIRECT LTD Notes to the Accounts for the year ended 30 July 2023
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
23,622 
43,311 
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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