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REGISTERED NUMBER: 03276530 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

SON TRIMMINGS LIMITED

SON TRIMMINGS LIMITED (Registered number: 03276530)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SON TRIMMINGS LIMITED

Company Information
for the Year Ended 31 March 2023







DIRECTOR: E Costas





SECRETARY: A E Kyriacou





REGISTERED OFFICE: Klestro House
50 Aden Road
Enfield
Middlesex
EN3 7SY





REGISTERED NUMBER: 03276530 (England and Wales)






SON TRIMMINGS LIMITED (Registered number: 03276530)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 70,954 94,605

CURRENT ASSETS
Inventories 151,000 180,000
Debtors 5 4,159,132 3,851,860
Cash at bank and in hand 414,509 838,307
4,724,641 4,870,167
CREDITORS
Amounts falling due within one year 6 3,099,921 3,301,923
NET CURRENT ASSETS 1,624,720 1,568,244
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,695,674

1,662,849

CREDITORS
Amounts falling due after more than
one year

7

(77,585

)

(79,661

)

PROVISIONS FOR LIABILITIES (11,542 ) (18,986 )
NET ASSETS 1,606,547 1,564,202

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,606,447 1,564,102
SHAREHOLDERS' FUNDS 1,606,547 1,564,202

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

SON TRIMMINGS LIMITED (Registered number: 03276530)

Balance Sheet - continued
31 March 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 December 2023 and were signed by:





E Costas - Director


SON TRIMMINGS LIMITED (Registered number: 03276530)

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

1. STATUTORY INFORMATION

SON TRIMMINGS 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.

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
Revenue 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 - 25% on reducing balance

Stocks
Inventories 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 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 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.

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.

SON TRIMMINGS LIMITED (Registered number: 03276530)

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

2. ACCOUNTING POLICIES - continued

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. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 316,864
DEPRECIATION
At 1 April 2022 222,259
Charge for year 23,651
At 31 March 2023 245,910
NET BOOK VALUE
At 31 March 2023 70,954
At 31 March 2022 94,605

5. DEBTORS
31.3.23 31.3.22
£    £   
Amounts falling due within one year:
Trade debtors 197,314 200,039
Other debtors 253,500 253,000
450,814 453,039

Amounts falling due after more than one year:
Amounts owed by associates 3,708,318 3,398,821

Aggregate amounts 4,159,132 3,851,860

SON TRIMMINGS LIMITED (Registered number: 03276530)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 3,048,554 3,220,580
Taxation and social security 38,694 55,366
Other creditors 12,673 25,977
3,099,921 3,301,923

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.23 31.3.22
£    £   
Amounts owed to associates 70,661 70,661
Other creditors 6,924 9,000
77,585 79,661

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 6,924 9,000

8. ULTIMATE CONTROLLING PARTY

The controlling party is E Costas.

The ultimate controlling party is E Costas.