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REGISTERED NUMBER: 02946545 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2023

FOR

ALLSELL TRADING LIMITED

ALLSELL TRADING LIMITED (REGISTERED NUMBER: 02946545)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ALLSELL TRADING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2023







DIRECTORS: N J Minshull
J A Minshull



SECRETARY: N J Minshull



REGISTERED OFFICE: Riverside House
River Lane
Saltney
Chester
Cheshire
CH4 8RQ



REGISTERED NUMBER: 02946545 (England and Wales)



ACCOUNTANTS: M. D. Coxey and Co. Limited
Chartered Accountants
25 Grosvenor Road
Wrexham
LL11 1BT



BANKERS: HSBC Bank plc.
47 Eastgate Street
Chester
CH1 1XW

ALLSELL TRADING LIMITED (REGISTERED NUMBER: 02946545)

BALANCE SHEET
30TH JUNE 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,396 4,677

CURRENT ASSETS
Stocks 74,000 64,131
Debtors 5 6,251 11,103
Cash at bank and in hand 513,862 481,042
594,113 556,276
CREDITORS
Amounts falling due within one year 6 152,914 161,852
NET CURRENT ASSETS 441,199 394,424
TOTAL ASSETS LESS CURRENT
LIABILITIES

444,595

399,101

CREDITORS
Amounts falling due after more than one
year

7

(16,798

)

(37,211

)

PROVISIONS FOR LIABILITIES 8 (849 ) -
NET ASSETS 426,948 361,890

CAPITAL AND RESERVES
Called up share capital 9 20 20
Retained earnings 426,928 361,870
SHAREHOLDERS' FUNDS 426,948 361,890

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2023 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.

ALLSELL TRADING LIMITED (REGISTERED NUMBER: 02946545)

BALANCE SHEET - continued
30TH JUNE 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3rd October 2023 and were signed on its behalf by:





N J Minshull - Director


ALLSELL TRADING LIMITED (REGISTERED NUMBER: 02946545)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023

1. STATUTORY INFORMATION

Allsell Trading 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 the cost less estimated residual value of each asset over its estimated useful life.
Long leasehold - The length of the lease
Fixtures and fittings - 10% on cost
Computer equipment - 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

ALLSELL TRADING LIMITED (REGISTERED NUMBER: 02946545)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023

2. ACCOUNTING POLICIES - continued

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 7 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and Computer
leasehold machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1st July 2022
and 30th June 2023 27,050 1,250 37,320 5,770 71,390
DEPRECIATION
At 1st July 2022 27,050 371 33,582 5,710 66,713
Charge for year - 218 1,003 60 1,281
At 30th June 2023 27,050 589 34,585 5,770 67,994
NET BOOK VALUE
At 30th June 2023 - 661 2,735 - 3,396
At 30th June 2022 - 879 3,738 60 4,677

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Other debtors 183 2,439
Prepayments 6,068 8,664
6,251 11,103

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 20,413 18,762
Trade creditors 63,784 63,057
Tax 34,057 37,384
Social security and other taxes - 727
VAT 26,381 30,560
Other creditors - 37
Directors' current accounts 641 692
Accrued expenses 7,638 10,633
152,914 161,852

ALLSELL TRADING LIMITED (REGISTERED NUMBER: 02946545)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Bank loans - 1-2 years 16,798 20,413
Bank loans - 2-5 years - 16,798
16,798 37,211

8. PROVISIONS FOR LIABILITIES
30.6.23 30.6.22
£    £   
Deferred tax
Accelerated capital allowances 849 -

Deferred
tax
£   
Movement in the year due to:
Changes in tax allowances 849
Balance at 30th June 2023 849

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
10 Ordinary £1.00 10 10
10 Ordinary A £1.00 10 10
20 20

10. CAPITAL COMMITMENTS
30.6.23 30.6.22
£    £   
Contracted but not provided for in the
financial statements - -

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is N J Minshull.