Company Registration No. 7578736 (England and Wales)
24/7 Trades Ltd
Unaudited accounts
for the year ended 31 March 2021
24/7 Trades Ltd
Unaudited accounts
Contents
24/7 Trades Ltd
Company Information
for the year ended 31 March 2021
Secretary
Simon Alexander
Company Number
7578736 (England and Wales)
Registered Office
186 FOREST ROAD
LOUGHTON
ESSEX
IG10 1EG
Accountants
NRM Accountancy Services Ltd
70 Wood Street
Walthamstow
London
E17 3HT
24/7 Trades Ltd
Statement of financial position
as at
31 March 2021
Tangible assets
4,791
5,843
Cash at bank and in hand
14,280
34,601
Creditors: amounts falling due within one year
(8,136)
(24,013)
Net current assets
10,462
11,356
Called up share capital
1
1
Profit and loss account
15,252
17,198
Shareholders' funds
15,253
17,199
For the year ending 31 March 2021 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.
The financial statements were approved by the Board and authorised for issue on 10 December 2021 and were signed on its behalf by
A Alexander
Director
Company Registration No. 7578736
24/7 Trades Ltd
Notes to the Accounts
for the year ended 31 March 2021
24/7 Trades Ltd is a private company, limited by shares, registered in England and Wales, registration number 7578736. The registered office is 186 FOREST ROAD, LOUGHTON, ESSEX, IG10 1EG.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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:
Motor vehicles
25% Reducing Balance
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2020
10,120
1,912
12,032
At 31 March 2021
10,120
1,912
12,032
At 1 April 2020
5,453
736
6,189
Charge for the year
840
212
1,052
At 31 March 2021
6,293
948
7,241
At 31 March 2021
3,827
964
4,791
At 31 March 2020
4,667
1,176
5,843
24/7 Trades Ltd
Notes to the Accounts
for the year ended 31 March 2021
5
Debtors: amounts falling due within one year
2021
2020
Accrued income and prepayments
1,945
-
6
Creditors: amounts falling due within one year
2021
2020
Taxes and social security
7,476
14,367
Loans from directors
-
5,495
7
Share capital
2021
2020
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
8
Average number of employees
During the year the average number of employees was 2 (2020: 2).