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REGISTERED NUMBER: 08917193 (England and Wales)















Financial Statements for the Year Ended 31 May 2023

for

Sales Line Ltd

Sales Line Ltd (Registered number: 08917193)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Sales Line Ltd

Company Information
for the Year Ended 31 May 2023







DIRECTOR: C Foden





REGISTERED OFFICE: 4 Reading Road
Pangbourne
Reading
Berkshire
RG8 7LY





REGISTERED NUMBER: 08917193 (England and Wales)





ACCOUNTANTS: Geoffrey Cole & Co
4 Reading Road
Pangbourne
Reading
Berkshire
RG8 7LY

Sales Line Ltd (Registered number: 08917193)

Statement of Financial Position
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,479 2,600

CURRENT ASSETS
Debtors 5 468,230 82,914
Cash at bank 273,449 565,503
741,679 648,417
CREDITORS
Amounts falling due within one year 6 82,244 86,219
NET CURRENT ASSETS 659,435 562,198
TOTAL ASSETS LESS CURRENT
LIABILITIES

660,914

564,798

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 660,904 564,788
SHAREHOLDERS' FUNDS 660,914 564,798

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 February 2024 and were signed by:



C Foden - Director


Sales Line Ltd (Registered number: 08917193)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Sales Line Ltd 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.

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.

The financial statements have been prepared on a going concern basis, which assumes the company will continue in operational existence, and will be able to meet its liabilities as they fall due, for a period of at least twelve months from the date of approval of the financial statements.

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 each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

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 3 (2022 - 3 ) .

Sales Line Ltd (Registered number: 08917193)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2022 9,403
Additions 582
Disposals (730 )
At 31 May 2023 9,255
DEPRECIATION
At 1 June 2022 6,803
Charge for year 1,703
Eliminated on disposal (730 )
At 31 May 2023 7,776
NET BOOK VALUE
At 31 May 2023 1,479
At 31 May 2022 2,600

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 62,512 32,638
Other debtors 405,718 50,276
468,230 82,914

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 79,061 47,036
Other creditors 3,183 39,183
82,244 86,219

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at 31 May 2023 an amount of £30,432 was owed to the company from the director. The amount owed is due on demand and is provided interest free.

8. RELATED PARTY DISCLOSURES

As at 31 May 2023 an amount of £375,286 (2022: £50,276) was owed to the company from C Foden & Co Ltd, a company in which the director is also a director and shareholder. The amount owed is due on demand and is provided interest free.