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Company Registration No. 12488310 (England and Wales)
7SULTAN LIMITED Unaudited accounts for the year ended 28 February 2023
7SULTAN LIMITED Unaudited accounts Contents
Page
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7SULTAN LIMITED Company Information for the year ended 28 February 2023
Director
A MOLLAOGULLARI
Company Number
12488310 (England and Wales)
Registered Office
4 TWEED CLOSE LIVERPOOL L6 9JF ENGLAND
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7SULTAN LIMITED Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
9,143 
6,756 
Current assets
Debtors
60,573 
20,039 
Cash at bank and in hand
511,961 
156,075 
572,534 
176,114 
Creditors: amounts falling due within one year
(171,781)
(42,092)
Net current assets
400,753 
134,022 
Net assets
409,896 
140,778 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
409,895 
140,777 
Shareholders' funds
409,896 
140,778 
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 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 24 November 2023 and were signed on its behalf by
A MOLLAOGULLARI Director Company Registration No. 12488310
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7SULTAN LIMITED Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
7SULTAN LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12488310. The registered office is 4 TWEED CLOSE, LIVERPOOL, L6 9JF, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
25% Straigh line basis
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 March 2022
9,891 
Additions
6,479 
At 28 February 2023
16,370 
Depreciation
At 1 March 2022
3,135 
Charge for the year
4,092 
At 28 February 2023
7,227 
Net book value
At 28 February 2023
9,143 
At 28 February 2022
6,756 
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7SULTAN LIMITED Notes to the Accounts for the year ended 28 February 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
59,138 
18,799 
Other debtors
1,435 
1,240 
60,573 
20,039 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
62,702 
- 
VAT
26,891 
6,521 
Taxes and social security
78,188 
31,659 
Other creditors
4,000 
2,500 
Loans from directors
- 
1,412 
171,781 
42,092 
7
Capital commitments
2023 
2022 
£ 
£ 
None
8
Loans to directors
None
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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