Company Registration No. 13695680 (England and Wales)
SD Impex UK Ltd
Unaudited Financial Statements
for the year ended 30 October 2023
SD Impex UK Ltd
Unaudited Financial Statements
Contents
SD Impex UK Ltd
Company Information
for the year ended 30 October 2023
Directors
A B WAHID
W B LASIMAN
Company Number
13695680 (England and Wales)
Registered Office
42 Prince's Square
Bayswater
London
W2 4AD
United KIngdom
Accountants
Adelita Shah Chartered Accountants
1 Monks Pond Street
Northampton
NN1 2LF
SD Impex UK Ltd
Statement of financial position
as at 30 October 2023
Tangible assets
14,712
18,118
Cash at bank and in hand
10,207
29,077
Creditors: amounts falling due within one year
(98,881)
(127,181)
Net current liabilities
(38,876)
(28,146)
Net liabilities
(24,164)
(10,028)
Called up share capital
100
100
Profit and loss account
(24,264)
(10,128)
Shareholders' funds
(24,164)
(10,028)
For the year ending 30 October 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 24 July 2024 and were signed on its behalf by
A B WAHID
Director
Company Registration No. 13695680
SD Impex UK Ltd
Notes to the Accounts
for the year ended 30 October 2023
SD Impex UK Ltd is a private company, limited by shares, registered in England and Wales, registration number 13695680. The registered office is 42 Prince's Square, Bayswater, London, W2 4AD, United KIngdom.
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.
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.
The total current liabilities exceeds the total current assets of the company as at 31st October 2022. The directors have confirmed that the company will have continuous support from the creditors. The directors remain confident that company will be profitable post year-end.It is for these reasons the accounts have been prepared on a going concern basis.
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
5 years Straight Line
Fixtures & fittings
5 years Straight Line
Computer equipment
3 years Straight Line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
SD Impex UK Ltd
Notes to the Accounts
for the year ended 30 October 2023
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 31 October 2022
12,861
8,882
151
21,894
At 30 October 2023
13,241
9,505
151
22,897
At 31 October 2022
2,166
1,568
42
3,776
Charge for the year
2,572
1,787
50
4,409
At 30 October 2023
4,738
3,355
92
8,185
At 30 October 2023
8,503
6,150
59
14,712
At 30 October 2022
10,695
7,314
109
18,118
Amounts falling due within one year
Trade debtors
19,299
39,459
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
1,239
8,789
Loans from directors
118,241
116,176
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director Loan Account
116,176
2,065
-
118,241
Balance of £118,241 is still owing to the Director at the year end. It will be interest free.
8
Average number of employees
During the year the average number of employees was 5 (2022: 5).