Registered Number 03901079

SOCTRADE LIMITED

Micro-entity Accounts

31 December 2016

SOCTRADE LIMITED Registered Number 03901079

Micro-entity Balance Sheet as at 31 December 2016

Notes 2016 2015
£ £
Current assets
Debtors 2,503,161 1,363,310
Cash at bank and in hand 57,435 1,741,497
2,560,596 3,104,807
Creditors: amounts falling due within one year (490,714 ) (236,830 )
Net current assets (liabilities) 2,069,882 2,867,977
Total assets less current liabilities 2,069,882 2,867,977
Creditors: amounts falling due after more than one year (2,092,754 ) (2,997,950 )
Accruals and deferred income (15,228 ) -
Total net assets (liabilities) (38,100 ) (129,973 )
Capital and reserves
Called up share capital 2 2
Revaluation reserve 25,292 46,324
Profit and loss account (63,394 ) (176,299 )
Shareholders' funds (38,100 ) (129,973 )

  • For the year ending 31 December 2016 the company was entitled to exemption 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 directors acknowledge their 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 micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 13 February 2017

And signed on their behalf by:
Rive Directors Limited, Director

SOCTRADE LIMITED Registered Number 03901079

Notes to the Micro-entity Accounts for the period ended 31 December 2016

1 Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Accrual basis.

Valuation information and policy
Exchange rate EUR to GBP 1.1680.