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REGISTERED NUMBER: 10980141 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2022

for

Southern Trident Limited

Southern Trident Limited (Registered number: 10980141)






Contents of the Financial Statements
for the Year Ended 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 5


Southern Trident Limited

Company Information
for the Year Ended 31 December 2022







DIRECTORS: J S Abdul Wahab
R R Leon
B Manoharan
M Shanmugam





REGISTERED OFFICE: 11d South Park Road
Scunthorpe
DN17 2BY





REGISTERED NUMBER: 10980141 (England and Wales)





ACCOUNTANTS: Friends.Tax LLP
Pippins
Cherry Drive
Forty Green
Beaconsfield
Buckinghamshire
HP9 1XP

Southern Trident Limited (Registered number: 10980141)

Balance Sheet
31 December 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 23,346 23,868

CURRENT ASSETS
Stocks 490,442 508,247
Debtors 5 642,346 621,042
Cash at bank 114,447 780,120
1,247,235 1,909,409
CREDITORS
Amounts falling due within one
year

6

526,259

900,374
NET CURRENT ASSETS 720,976 1,009,035
TOTAL ASSETS LESS CURRENT
LIABILITIES

744,322

1,032,903

CREDITORS
Amounts falling due after more
than one year

7

99,689

122,461
NET ASSETS 644,633 910,442

Southern Trident Limited (Registered number: 10980141)

Balance Sheet - continued
31 December 2022

31.12.22 31.12.21
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 167 167
Share premium 824,933 824,933
Revaluation reserve 8 (640 ) (640 )
Retained earnings (179,827 ) 85,982
644,633 910,442

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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.

Southern Trident Limited (Registered number: 10980141)

Balance Sheet - continued
31 December 2022


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 28 September 2023 and were signed on its behalf by:





B Manoharan - Director


Southern Trident Limited (Registered number: 10980141)

Notes to the Financial Statements
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

Southern Trident 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.
Plant and machinery etc - 33% on cost and 25% on cost

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


Southern Trident Limited (Registered number: 10980141)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

2. ACCOUNTING POLICIES - continued
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.

Southern Trident Limited (Registered number: 10980141)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2021 - 11 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2022 37,875
Additions 11,634
At 31 December 2022 49,509
DEPRECIATION
At 1 January 2022 14,007
Charge for year 12,156
At 31 December 2022 26,163
NET BOOK VALUE
At 31 December 2022 23,346
At 31 December 2021 23,868

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade debtors 504,519 585,963
Other debtors 137,827 35,079
642,346 621,042

Southern Trident Limited (Registered number: 10980141)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Bank loans and overdrafts 208,218 163,350
Trade creditors - 466,316
Taxation and social security 255,139 138,855
Other creditors 62,902 131,853
526,259 900,374

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.22 31.12.21
£    £   
Bank loans 76,179 98,951
Other creditors 23,510 23,510
99,689 122,461

8. RESERVES
Revaluation
reserve
£   
At 1 January 2022
and 31 December 2022 (640 )