Company Registration No. 13216949 (England and Wales)
SULTAN OF LANCASTER EXPRESS LIMITED
Unaudited accounts
for the year ended 28 February 2023
SULTAN OF LANCASTER EXPRESS LIMITED
Unaudited accounts
Contents
SULTAN OF LANCASTER EXPRESS LIMITED
Company Information
for the year ended 28 February 2023
Directors
Ridwan Ali Munshi
Muhammed Qaasim
Company Number
13216949 (England and Wales)
Registered Office
9 VILLAS COURT
LANCASTER
LA1 1TR
ENGLAND
Accountants
SMART ACCOUNTING (NW) LTD
239 RIBBLETON LANE
PRESTON
PR1 5EA
SULTAN OF LANCASTER EXPRESS LIMITED
Statement of financial position
as at 28 February 2023
Tangible assets
71,485
79,202
Cash at bank and in hand
20,470
40,894
Creditors: amounts falling due within one year
(132,644)
(153,983)
Net current liabilities
(92,445)
(93,274)
Net liabilities
(20,960)
(14,072)
Profit and loss account
(20,960)
(14,072)
Shareholders' funds
(20,960)
(14,072)
For the year ending 28 February 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 directors acknowledge their 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 of Directors and authorised for issue on 25 May 2023 and were signed on its behalf by
Ridwan Ali Munshi
Director
Company Registration No. 13216949
SULTAN OF LANCASTER EXPRESS LIMITED
Notes to the Accounts
for the year ended 28 February 2023
SULTAN OF LANCASTER EXPRESS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13216949. The registered office is 9 VILLAS COURT, LANCASTER, LA1 1TR, ENGLAND.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
18% on WDV
Fixtures & fittings
18% on WDV
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2022
34,732
62,197
-
96,929
Additions
1,350
4,301
2,325
7,976
At 28 February 2023
36,082
66,498
2,325
104,905
At 1 March 2022
6,317
11,410
-
17,727
Charge for the year
5,358
9,916
419
15,693
At 28 February 2023
11,675
21,326
419
33,420
At 28 February 2023
24,407
45,172
1,906
71,485
At 28 February 2022
28,415
50,787
-
79,202
Amounts falling due within one year
Trade debtors
7,140
10,870
SULTAN OF LANCASTER EXPRESS LIMITED
Notes to the Accounts
for the year ended 28 February 2023
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
17,810
8,300
Taxes and social security
642
181
Loans from directors
109,897
139,808
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Average number of employees
During the year the average number of employees was 0 (2022: 0).