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Report of the Directors and |
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Unaudited Financial Statements for the Year Ended 29 February 2016 |
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Tradebank Developments Ltd |
REGISTERED NUMBER:
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Report of the Directors and |
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Unaudited Financial Statements for the Year Ended 29 February 2016 |
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for |
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Tradebank Developments Ltd |
Tradebank Developments Ltd (Registered number: 05058223) |
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Contents of the Financial Statements |
for the Year Ended 29 February 2016 |
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Company Information | 1 |
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Report of the Directors | 2 |
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Profit and Loss Account | 3 |
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Balance Sheet | 4 |
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Notes to the Financial Statements | 5 |
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Tradebank Developments Ltd |
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Company Information |
for the Year Ended 29 February 2016 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Tradebank Developments Ltd (Registered number: 05058223) |
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Report of the Directors |
for the Year Ended 29 February 2016 |
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The directors present their report with the financial statements of the company for the year ended 29 February 2016. |
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DIRECTORS |
The directors shown below have held office during the whole of the period from 1 March 2015 to the date of this report. |
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This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small |
companies. |
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ON BEHALF OF THE BOARD: |
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Tradebank Developments Ltd (Registered number: 05058223) |
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Profit and Loss Account |
for the Year Ended 29 February 2016 |
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29.2.16 | 28.2.15 |
Notes | £ | £ |
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TURNOVER |
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Cost of sales |
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GROSS PROFIT |
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Administrative expenses |
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OPERATING PROFIT | 2 |
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Interest payable and similar charges |
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PROFIT ON ORDINARY ACTIVITIES BEFORE
TAXATION |
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Tax on profit on ordinary activities | 3 |
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PROFIT FOR THE FINANCIAL YEAR |
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Tradebank Developments Ltd (Registered number: 05058223) |
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Balance Sheet |
29 February 2016 |
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29.2.16 | 28.2.15 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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Investments | 5 |
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CURRENT ASSETS |
Debtors | 6 | ( |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 8 |
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Profit and loss account | 9 |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
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ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and |
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preparing financial statements which give a true and fair view of the state of affairs of the company as at the end
of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
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The financial statements were approved by the Board of Directors on
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Tradebank Developments Ltd (Registered number: 05058223) |
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Notes to the Financial Statements |
for the Year Ended 29 February 2016 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the |
Financial Reporting Standard for Smaller Entities (effective January 2015). |
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Turnover |
Turnover represents net invoiced sales of goods, excluding value added tax. |
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Tangible fixed assets |
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Plant and machinery etc | - |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
balance sheet date. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the |
period of the lease. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
scheme are charged to the profit and loss account in the period to which they relate. |
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2. | OPERATING PROFIT |
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The operating profit is stated after charging: |
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29.2.16 | 28.2.15 |
£ | £ |
Depreciation - owned assets |
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Pension costs |
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Directors' remuneration and other benefits etc |
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3. | TAXATION |
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Analysis of the tax charge |
The tax charge on the profit on ordinary activities for the year was as follows: |
29.2.16 | 28.2.15 |
£ | £ |
Current tax: |
UK corporation tax |
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Tax on profit on ordinary activities |
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Tradebank Developments Ltd (Registered number: 05058223) |
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Notes to the Financial Statements - continued |
for the Year Ended 29 February 2016 |
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4. | TANGIBLE FIXED ASSETS |
Computer |
equipment |
£ |
COST |
At 1 March 2015 |
and 29 February 2016 |
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DEPRECIATION |
At 1 March 2015 |
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Charge for year |
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At 29 February 2016 |
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NET BOOK VALUE |
At 29 February 2016 |
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At 28 February 2015 |
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5. | FIXED ASSET INVESTMENTS |
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29.2.16 | 28.2.15 |
£ | £ |
Other investments not loans | 49 | 49 |
Other loans | 60,000 | - |
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Additional information is as follows: |
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Investments (neither listed nor unlisted) were as follows: |
29.2.16 | 28.2.15 |
£ | £ |
Formation Costs | 49 | 49 |
Other |
loans |
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New in year | 60,000 |
At 29 February 2016 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
29.2.16 | 28.2.15 |
£ | £ |
Trade debtors | 1,000 | - |
Other debtors | (1,835 | ) | - |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
29.2.16 | 28.2.15 |
£ | £ |
Trade creditors |
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Tax |
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Directors' loan accounts |
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Tradebank Developments Ltd (Registered number: 05058223) |
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Notes to the Financial Statements - continued |
for the Year Ended 29 February 2016 |
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8. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 29.2.16 | 28.2.15 |
value: | £ | £ |
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Ordinary | £1 |
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9. | RESERVES |
Profit |
and loss |
account |
£ |
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At 1 March 2015 |
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Profit for the year |
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At 29 February 2016 |
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