Company Registration No. 07253589 (England and Wales)
Tradernet Limited
Unaudited accounts
for the year ended 31 May 2017
Tradernet Limited
Unaudited accounts
Contents
Tradernet Limited
Company Information
for the year ended 31 May 2017
Company Number
07253589 (England and Wales)
Registered Office
Primary House
Spring Gardens
Macclesfield
Cheshire
SK10 2DX
Accountants
Taylor Consultancy, Chartered Certified Accountants
Primary House
Spring Gardens
Macclesfield
Cheshire
SK10 2DX
Tradernet Limited
Statement of financial position
as at 31 May 2017
Cash at bank and in hand
329
329
Creditors: amounts falling due within one year
(141,726)
(141,726)
Net current liabilities
(133,352)
(133,352)
Net liabilities
(133,352)
(133,352)
Called up share capital
1,000
1,000
Profit and loss account
(134,352)
(134,352)
Shareholders' funds
(133,352)
(133,352)
For the year ending 31 May 2017 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant 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.
Approved by the Board on 8 January 2018.
D Pilkington
Director
Company Registration No. 07253589
Tradernet Limited
Notes to the Accounts
for the year ended 31 May 2017
Tradernet Limited is a private company, limited by shares, registered in England and Wales, registration number 07253589. The registered office is Primary House, Spring Gardens, Macclesfield, Cheshire, SK10 2DX.
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.
These financial statements for the year ended 31 May 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 June 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% per annum on cost
4
Tangible fixed assets
Computer equipment
Tradernet Limited
Notes to the Accounts
for the year ended 31 May 2017
Amounts due from group undertakings etc.
1,000
1,000
6
Creditors: amounts falling due within one year
2017
2016
Other creditors
141,726
141,726
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
8
Transactions with related parties
Tradernet Holdings limited is the ultimate holding company, at the balance sheet date there was a loan from Tradernet Limited to Tradernet Holdings Limited of £1,000 ( 2016 £1,000 ) which is subject to interest at a commercial rate and is repayable on demand
Mr D Pilkington is a director and shareholder in both Tradernet Limited and DAP Cars Limited, at the balance sheet date there was a loan from DAP Cars Limited to Tradernet Limited of £141,726 ( 2016 £141,726 ) which is subject to interest at a commercial rate and is repayable upon demand
9
Average number of employees
During the year the average number of employees was 0 (2016: 0).
