International Traders UK Ltd - Filleted accounts

Registered number

10666346

International Traders UK Ltd

Filleted Accounts

31 March 2018

International Traders UK Ltd
Registered number:		10666346
Balance Sheet
as at 31 March 2018

Notes			2018
£
Fixed assets
Tangible assets	2		24,526

Creditors: amounts falling due within one year	3	(76,399)

Net current liabilities			(76,399)

Net liabilities			(51,873)

Capital and reserves
Called up share capital			10,000
Profit and loss account			(61,873)

Shareholders' funds			(51,873)

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 members have 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 and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




M Raslan
Director
Approved by the board on 13 December 2018

International Traders UK Ltd
Notes to the Accounts
for the year ended 31 March 2018


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings	over 50 years
	Leasehold land and buildings	over the lease term
	Plant and machinery	over 5 years
	Fixtures, fittings, tools and equipment	over 5 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.


2	Tangible fixed assets
				Plant and machinery etc
£
	Cost
	Additions			30,657
	At 31 March 2018			30,657

	Depreciation
	Charge for the year			6,131
	At 31 March 2018			6,131

	Net book value
	At 31 March 2018			24,526


3	Creditors: amounts falling due within one year		2018
£

	Other creditors		76,399


4	Other information

	International Traders UK Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	5 St Johns Road
	Meadowfield Industrial Estate
	Durham
	England
	DH7 8TZ