2022-02-012023-01-312023-01-31false10590874SELL IT DIRECT 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SELL IT DIRECT LIMITED

Registered Number
10590874
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2023

SELL IT DIRECT LIMITED
Company Information
for the year from 1 February 2022 to 31 January 2023

Directors

BARKER, Mason Thomas Jack
GIDDINGS, Lewis

Registered Address

Gordon House Acton Grove
Long Eaton
Nottingham
NG10 1FY

Registered Number

10590874 (England and Wales)
SELL IT DIRECT LIMITED
Balance Sheet as at
31 January 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets5,0506,159
5,0506,159
Current assets
Stocks5144,189105,210
Debtors6158,38965,533
Cash at bank and on hand184,801231,460
487,379402,203
Creditors amounts falling due within one year7(149,690)(183,877)
Net current assets (liabilities)337,689218,326
Total assets less current liabilities342,739224,485
Creditors amounts falling due after one year8(38,839)(45,488)
Net assets303,900178,997
Capital and reserves
Called up share capital33
Profit and loss account303,897178,994
Shareholders' funds303,900178,997
The financial statements were approved and authorised for issue by the Board of Directors on 12 October 2023, and are signed on its behalf by:
BARKER, Mason Thomas Jack
Director
GIDDINGS, Lewis
Director

Registered Company No. 10590874
SELL IT DIRECT LIMITED
Notes to the Financial Statements
for the year ended 31 January 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Stocks policy
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Revenue recognition policy
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.
Foreign currency translation and operations policy
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.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
4.Employee information

20232022
Average number of employees during the year00
5.Stocks

2023

2022

££
Other stocks144,189105,210
Total144,189105,210
6.Debtors

2023

2022

££
Trade debtors / trade receivables254-
Other debtors158,13565,533
Total158,38965,533
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.
7.Creditors within one year

2023

2022

££
Trade creditors / trade payables90,081109,422
Taxation and social security58,62849,313
Other creditors98124,767
Accrued liabilities and deferred income-375
Total149,690183,877
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.
8.Creditors after one year

2023

2022

££
Bank borrowings and overdrafts38,83945,488
Total38,83945,488