Company Registration No. 05030923 (England and Wales)
S2S COMPUTERS LIMITED
Unaudited accounts
for the year ended 31 March 2023
S2S COMPUTERS LIMITED
Unaudited accounts
Contents
S2S COMPUTERS LIMITED
Company Information
for the year ended 31 March 2023
Director
NASEER IQBAL KHAN
Company Number
05030923 (England and Wales)
Registered Office
336A COLNE ROAD
BURNLEY
LANCASHIRE
BB10 1ED
Accountants
SAGHIR AHMAD & COMPANY, INTERNATIONAL ACCOUNTANTS
First Floor, Suite 2, The Point
173 - 175 Cheetham Hill
MANCHESTER
M8 8LG
S2S COMPUTERS LIMITED
Statement of financial position
as at 31 March 2023
Tangible assets
2,294
2,866
Cash at bank and in hand
4,810
3,811
Creditors: amounts falling due within one year
(3,552)
(5,666)
Net current assets
30,963
24,337
Called up share capital
1,000
1,000
Profit and loss account
32,257
26,203
Shareholders' funds
33,257
27,203
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 November 2023 and were signed on its behalf by
NASEER IQBAL KHAN
Director
Company Registration No. 05030923
S2S COMPUTERS LIMITED
Notes to the Accounts
for the year ended 31 March 2023
S2S COMPUTERS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 05030923. The registered office is 336A COLNE ROAD , BURNLEY, LANCASHIRE, BB10 1ED.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% per annum reducing balance method
Computer equipment
20 % per annum reducing balance method
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
S2S COMPUTERS LIMITED
Notes to the Accounts
for the year ended 31 March 2023
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Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2022
5,003
12,358
17,361
At 31 March 2023
5,003
12,358
17,361
At 1 April 2022
4,741
9,754
14,495
Charge for the year
52
520
572
At 31 March 2023
4,793
10,274
15,067
At 31 March 2023
210
2,084
2,294
At 31 March 2022
262
2,604
2,866
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
1,008
1,066
Taxes and social security
1,429
3,550
Other creditors
1,115
1,050
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
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Average number of employees
During the year the average number of employees was 2 (2022: 3).