Tradecore Group Limited Accounts

TRADECORE GROUP LIMITED - Company Information






Tradecore Group Limited
	Company No. 08439612
		Information for Filing with The Registrar
		31 December 2016

The Directors present their report and the accounts for the year ended 31 December 2016.

Principal activities
The principal activity of the company during the year under review was online financial platform. online financial platform




Directors

The Directors who served at any time during the year were as follows:

T. Asimakopoulos
M. Pajkovic
G. Sarcevich

































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

T. Asimakopoulos
Director
05 May 2017

at	31 December 2016

Company No.		08439612	Notes	2016	2015
				£	£
Fixed assets
	Intangible assets		2	213,343	213,343
	Tangible assets		3	15,889	9,270


				229,232	222,613
Current assets

	Debtors			116,335	766

	Cash at bank and in hand			204,246	98,679
				320,581	99,445
Creditors: Amount falling due within one year				(11,071)	(5,491)
Net current assets				309,510	93,954
Total assets less current liabilities				538,742	316,567




Net assets				538,742	316,567

Capital and reserves
	Called up share capital			179	163
	Share premium account		4	1,009,663	814,613


	Profit and loss account		4	(471,100)	(498,209)

Total equity				538,742	316,567


These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 December 2016 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
All the members have consented to the preparation of abridged financial statements for the year ended 31 December 2016 in accordance with the Companies Act 2006.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 05 May 2017					true

And signed on its behalf by:

T. Asimakopoulos
Director
05 May 2017

for the year ended 31 December 2016

Accounting policies

Basis of preparation

The accounts have been prepared in accordance with FRS 102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. There were no material departures from that standard.

The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets and in accordance with the accounting policies set out below.

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Intangible fixed assets

Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Plant and machinery

25% Straight line

2	Intangible fixed assets
			Total
			£
		Cost
		At 1 January 2016	213,343


		At 31 December 2016	213,343






		Net book values
		At 31 December 2016	213,343
		At 31 December 2015	213,343

3	Tangible fixed assets
			Total
			£
		Cost or revaluation
		At 1 January 2016	12,566




		At 31 December 2016	23,281
		Depreciation
		At 1 January 2016	3,296




		At 31 December 2016	7,392
		Net book values
		At 31 December 2016	15,889
		At 31 December 2015	9,270

Reserves

Share premium account - includes any premiums received on issue of share capital. Any transaction costs associated with the issuing of shares are deducted from share premium.

Profit and loss account - includes all current and prior period retained profits and losses.

Related party disclosures

2016

2015

Transactions with related parties

Name of related party

Crowd Solutions Limited

Description of relationship between the parties

common shareholders

Description of transaction and general amounts involved

other debtors

Amount due from/(to) the related party

213,344

Controlling party

Immediate controlling party

No single party controls the company.

Additional information

Its registered number is:

08439612

Its registered office is:

9th Floor

107 Cheapside

London

EC2V 6DN