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REGISTERED NUMBER: 04830525 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2021

for

SSS Associates Limited

SSS Associates Limited (Registered number: 04830525)

Contents of the Financial Statements
for the Year Ended 31 August 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SSS Associates Limited

Company Information
for the Year Ended 31 August 2021







DIRECTORS: G S Johal
J S Chahal





SECRETARY: G S Johal





REGISTERED OFFICE: 254 Sticker Lane
Bradford
West Yorkshire
BD4 8RN





REGISTERED NUMBER: 04830525 (England and Wales)





ACCOUNTANTS: Isaacs
Trust House
St James Business Park
5 New Augustus Street
Bradford
West Yorkshire
BD1 5LL

SSS Associates Limited (Registered number: 04830525)

Balance Sheet
31 August 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 745,798 579,014

CURRENT ASSETS
Stocks 7,236 6,854
Debtors 5 - 14,088
Cash at bank and in hand 53,386 251,482
60,622 272,424
CREDITORS
Amounts falling due within one year 6 120,680 105,138
NET CURRENT (LIABILITIES)/ASSETS (60,058 ) 167,286
TOTAL ASSETS LESS CURRENT
LIABILITIES

685,740

746,300

CREDITORS
Amounts falling due after more than one year 7 (329,959 ) (417,980 )

PROVISIONS FOR LIABILITIES (9,311 ) (11,171 )
NET ASSETS 346,470 317,149

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 345,470 316,149
346,470 317,149

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

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

The directors acknowledge their 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.

SSS Associates Limited (Registered number: 04830525)

Balance Sheet - continued
31 August 2021


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 August 2022 and were signed on its behalf by:




J S Chahal - Director



G S Johal - Director


SSS Associates Limited (Registered number: 04830525)

Notes to the Financial Statements
for the Year Ended 31 August 2021


1. STATUTORY INFORMATION

SSS Associates 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.
Land and buildings - at variable rates on reducing balance
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2020 - 26 ) .

SSS Associates Limited (Registered number: 04830525)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2021


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 September 2020 644,937 254,970 899,907
Additions 181,461 - 181,461
At 31 August 2021 826,398 254,970 1,081,368
DEPRECIATION
At 1 September 2020 127,187 193,706 320,893
Charge for year 4,440 10,237 14,677
At 31 August 2021 131,627 203,943 335,570
NET BOOK VALUE
At 31 August 2021 694,771 51,027 745,798
At 31 August 2020 517,750 61,264 579,014

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors - 14,088

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts 22,422 22,422
Trade creditors 9,300 7,033
Taxation and social security 88,958 75,683
120,680 105,138

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2021 2020
£    £   
Bank loans 198,743 211,817
Other creditors 131,216 206,163
329,959 417,980

SSS Associates Limited (Registered number: 04830525)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2021


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2021 2020
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Director's loan 26,329 99,609
Other Loan 56,554 56,554
82,883 156,163

Repayable by instalments
Bank loans over 5 yrs 109,056 122,130
Bounce Back Loan 48,333 50,000
157,389 172,130