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REGISTERED NUMBER: 08182670 (England and Wales)















REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST AUGUST 2021

FOR

SELL 8 LIMITED

SELL 8 LIMITED (REGISTERED NUMBER: 08182670)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2021










Page

Company Information 1

Report of the Director 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


SELL 8 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST AUGUST 2021







DIRECTOR: Z A Khan





REGISTERED OFFICE: Oswaldtwistle Mills Business Centre
Clifton Mill
Pickup Street
Accrington
Lancashire
BB5 0EY





REGISTERED NUMBER: 08182670 (England and Wales)





ACCOUNTANTS: Ainsworths Limited
Charter House
Stansfield Street
Nelson
Lancashire
BB9 9XY

SELL 8 LIMITED (REGISTERED NUMBER: 08182670)

REPORT OF THE DIRECTOR
FOR THE YEAR ENDED 31ST AUGUST 2021


The director presents his report with the financial statements of the company for the year ended 31st August 2021.

DIRECTOR
Z A Khan held office during the whole of the period from 1st September 2020 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Z A Khan - Director


19th August 2022

SELL 8 LIMITED (REGISTERED NUMBER: 08182670)

INCOME STATEMENT
FOR THE YEAR ENDED 31ST AUGUST 2021

31.8.21 31.8.20
Notes £    £   

TURNOVER 60,527 20,156

Cost of sales 54,805 6,768
GROSS PROFIT 5,722 13,388

Administrative expenses 20,764 23,175
(15,042 ) (9,787 )

Other operating income 18,858 3,040
OPERATING PROFIT/(LOSS) and
PROFIT/(LOSS) BEFORE TAXATION 3,816 (6,747 )

Tax on profit/(loss) - -
PROFIT/(LOSS) FOR THE FINANCIAL
YEAR

3,816

(6,747

)

SELL 8 LIMITED (REGISTERED NUMBER: 08182670)

BALANCE SHEET
31ST AUGUST 2021

31.8.21 31.8.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 35 41
Investments 6 5,400 -
5,435 41

CURRENT ASSETS
Cash at bank 160 7,561

CREDITORS
Amounts falling due within one year 7 27,221 33,044
NET CURRENT LIABILITIES (27,061 ) (25,483 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(21,626

)

(25,442

)

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (21,628 ) (25,444 )
SHAREHOLDERS' FUNDS (21,626 ) (25,442 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 19th August 2022 and were signed by:





Z A Khan - Director


SELL 8 LIMITED (REGISTERED NUMBER: 08182670)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2021


1. STATUTORY INFORMATION

Sell 8 Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

SELL 8 LIMITED (REGISTERED NUMBER: 08182670)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2021


4. OPERATING PROFIT/(LOSS)

The operating profit (2020 - operating loss) is stated after charging:

31.8.21 31.8.20
£    £   
Depreciation - owned assets 6 7

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st September 2020
and 31st August 2021 137 563 700
DEPRECIATION
At 1st September 2020 96 563 659
Charge for year 6 - 6
At 31st August 2021 102 563 665
NET BOOK VALUE
At 31st August 2021 35 - 35
At 31st August 2020 41 - 41

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 5,400
At 31st August 2021 5,400
NET BOOK VALUE
At 31st August 2021 5,400

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.21 31.8.20
£    £   
Bank loans and overdrafts 12,955 12,955
Trade creditors 1,170 465
Taxation and social security 1,513 1,794
Other creditors 11,583 17,830
27,221 33,044

SELL 8 LIMITED (REGISTERED NUMBER: 08182670)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2021


8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st August 2021 and 31st August 2020:

31.8.21 31.8.20
£    £   
Z A Khan
Balance outstanding at start of year (15,530 ) (11,944 )
Amounts advanced (75,181 ) (14,067 )
Amounts repaid 81,428 10,481
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (9,283 ) (15,530 )

Director loans are unsecured, interest free and repayable on demand.