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REGISTERED NUMBER: 10816618 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31 March 2023

for

S&S RETAIL TRADING LIMITED

S&S RETAIL TRADING LIMITED (REGISTERED NUMBER: 10816618)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


S&S RETAIL TRADING LIMITED (REGISTERED NUMBER: 10816618)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 119,080 145,534
Tangible assets 5 87,054 58,365
Investments 6 72,923 72,923
279,057 276,822

CURRENT ASSETS
Debtors 7 281,142 206,296
Cash at bank and in hand 462,296 304,323
743,438 510,619
CREDITORS
Amounts falling due within one year 8 344,830 330,371
NET CURRENT ASSETS 398,608 180,248
TOTAL ASSETS LESS CURRENT
LIABILITIES

677,665

457,070

PROVISIONS FOR LIABILITIES 7,089 7,089
NET ASSETS 670,576 449,981

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Merger reserve 162,901 162,901
Retained earnings 506,675 286,080
670,576 449,981

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.

S&S RETAIL TRADING LIMITED (REGISTERED NUMBER: 10816618)

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 21 December 2023 and were signed by:





Kamaljit Singh Sanghera - Director


S&S RETAIL TRADING LIMITED (REGISTERED NUMBER: 10816618)

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

1. STATUTORY INFORMATION

S&S Retail Trading Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10816618

Registered office: 78 Hill Street
City Centre
Birmingham
West Midlands
B5 4AH

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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill is recognized as the difference between the purchase price of the subsidiaries and the NBV of the subsidiary as at 30.09.2017 and is amortized over 10 years

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less impairment.

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.


S&S RETAIL TRADING LIMITED (REGISTERED NUMBER: 10816618)

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

2. ACCOUNTING POLICIES - continued
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.

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 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 264,541
AMORTISATION
At 1 April 2022 119,007
Charge for year 26,454
At 31 March 2023 145,461
NET BOOK VALUE
At 31 March 2023 119,080
At 31 March 2022 145,534

S&S RETAIL TRADING LIMITED (REGISTERED NUMBER: 10816618)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 86,057
Additions 53,693
Disposals (1,500 )
At 31 March 2023 138,250
DEPRECIATION
At 1 April 2022 27,692
Charge for year 23,879
Eliminated on disposal (375 )
At 31 March 2023 51,196
NET BOOK VALUE
At 31 March 2023 87,054
At 31 March 2022 58,365

6. FIXED ASSET INVESTMENTS
Investment
in
subsidiary
£   
COST
At 1 April 2022
and 31 March 2023 72,923
NET BOOK VALUE
At 31 March 2023 72,923
At 31 March 2022 72,923

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 243,612 165,120
Other debtors 37,530 41,176
281,142 206,296

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 34,191 14,656
Taxation and social security 114,786 119,604
Other creditors 195,853 196,111
344,830 330,371

S&S RETAIL TRADING LIMITED (REGISTERED NUMBER: 10816618)

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

9. RELATED PARTY DISCLOSURES

Within current liabilities the amount of £90,691 (£107,100 in 2022) is due to West Midlands Convenience Stores Ltd which is a related party transaction and no terms are attached to this amount.

Within current liabilities the amount of £61,651 (£69,011 Debtor) in 2022) is due from Larnheath Ltd which is a related party transaction and no terms are attached to this amount