Company Registration No. 05382234 (England and Wales)
Stockatrade Limited
Unaudited accounts
for the year ended 31 March 2017
Stockatrade Limited
Unaudited accounts
Contents
Stockatrade Limited
Company Information
for the year ended 31 March 2017
Company Number
05382234 (England and Wales)
Registered Office
25 CHURCH AVENUE
GOSFORTH
NEWCASTLE UPON TYNE
NE3 1AN
Accountants
Total Accounting Network
3 The Elms
Parker Avenue
Newcastle upon Tyne
NE3 4BD
Stockatrade Limited
Statement of financial position
as at 31 March 2017
Tangible assets
7,503
7,863
Cash at bank and in hand
22,603
10,377
Creditors: amounts falling due within one year
(128,237)
(102,674)
Net current liabilities
(1,502)
(7,655)
Total assets less current liabilities
6,001
208
Creditors: amounts falling due after more than one year
(5,234)
(1,354)
Net assets/(liabilities)
767
(1,146)
Profit and loss account
763
(1,150)
Shareholders' funds
767
(1,146)
For the year ending 31 March 2017 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.
Approved by the Board on 11 August 2017.
D Senior
Director
Company Registration No. 05382234
Stockatrade Limited
Notes to the Accounts
for the year ended 31 March 2017
Stockatrade Limited is a private company, limited by shares, registered in England and Wales, registration number 05382234. The registered office and principal place of business is 25 CHURCH AVENUE, GOSFORTH, NEWCASTLE UPON TYNE, NE3 1AN.
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 March 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 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:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Stockatrade Limited
Notes to the Accounts
for the year ended 31 March 2017
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2016
5,686
6,500
12,186
At 31 March 2017
7,828
6,500
14,328
At 1 April 2016
2,698
1,625
4,323
Charge for the year
1,283
1,219
2,502
At 31 March 2017
3,981
2,844
6,825
At 31 March 2017
3,847
3,656
7,503
At 31 March 2016
2,988
4,875
7,863
Finished goods
29,035
28,345
Trade debtors
75,097
56,297
7
Creditors: amounts falling due within one year
2017
2016
Bank loans and overdrafts
-
6,269
Obligations under finance leases and hire purchase contracts
1,354
3,250
Trade creditors
75,097
70,005
Corporation tax
7,735
2,245
Other taxes and social security costs
7,214
1,818
Loans from directors
32,416
18,968
8
Creditors: amounts falling due after more than one year
2017
2016
Obligations under finance leases and hire purchase contracts
-
1,354
9
Average number of employees
During the year the average number of employees was 2 (2016: 3).
