Trade Division Limited - Abbreviated accounts

Registered number

SC177610

Trade Division Limited

Abbreviated Accounts

30 April 2016

Trade Division Limited
Registered number:		SC177610
Abbreviated Balance Sheet
as at 30 April 2016

Notes			2016			2015
£				£
Current assets
Stocks		21,751			27,415
Debtors		2,611			5,198
Cash at bank and in hand		5,051			4,461
		29,413			37,074

Creditors: amounts falling due within one year		(209,420)			(193,478)

Net current liabilities			(180,007)			(156,404)

Net liabilities			(180,007)			(156,404)

Capital and reserves
Called up share capital	2		100			100
Profit and loss account			(180,107)			(156,504)

Shareholder's funds			(180,007)			(156,404)

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



M Moloney
Director
Approved by the board on 20 August 2018

Trade Division Limited
Notes to the Abbreviated Accounts
for the year ended 30 April 2016

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

	Turnover
	Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Stocks
	Stock is valued at the lower of cost and net realisable value.

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

	Leasing and hire purchase commitments
	Rentals paid under operating leases are charged to income on a straight line basis over the lease term.


2	Share capital	Nominal		2016		2016		2015
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		100		100		100