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S3 SALES LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 DECEMBER 2023






S3 SALES LTD (REGISTERED NUMBER: 08173480)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


S3 SALES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 29 DECEMBER 2023







DIRECTORS: N F Hopkins
Miss E Samara





REGISTERED OFFICE: Unit 1 Gate Farm
High Street
Sutton Benger
Chippenham
Wiltshire
SN15 4RE





REGISTERED NUMBER: 08173480 (England and Wales)





ACCOUNTANTS: Bowen Accountants Ltd
Chartered Accountants
Unit 1 Gate Farm
High Street
Sutton Benger
Chippenham
Wiltshire
SN15 4RE

S3 SALES LTD (REGISTERED NUMBER: 08173480)

BALANCE SHEET
29 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,439 2,749

CURRENT ASSETS
Debtors 5 121,610 162,346
Prepayments and accrued income - 16,779
Cash at bank 65,553 184,704
187,163 363,829
CREDITORS
Amounts falling due within one year 6 24,098 98,524
NET CURRENT ASSETS 163,065 265,305
TOTAL ASSETS LESS CURRENT
LIABILITIES

164,504

268,054

CREDITORS
Amounts falling due after more than one
year

7

(15,061

)

(24,946

)

PROVISIONS FOR LIABILITIES 9 (360 ) (688 )

ACCRUALS AND DEFERRED INCOME (7,713 ) (2,072 )
NET ASSETS 141,370 240,348

CAPITAL AND RESERVES
Called up share capital 20 20
Retained earnings 141,350 240,328
141,370 240,348

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

S3 SALES LTD (REGISTERED NUMBER: 08173480)

BALANCE SHEET - continued
29 DECEMBER 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 Board of Directors and authorised for issue on 10 July 2024 and were signed on its behalf by:





N F Hopkins - Director


S3 SALES LTD (REGISTERED NUMBER: 08173480)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 DECEMBER 2023

1. STATUTORY INFORMATION

S3 Sales 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.

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 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.

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 ) .

S3 SALES LTD (REGISTERED NUMBER: 08173480)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 30 December 2022
and 29 December 2023 14,486
DEPRECIATION
At 30 December 2022 11,737
Charge for year 1,310
At 29 December 2023 13,047
NET BOOK VALUE
At 29 December 2023 1,439
At 29 December 2022 2,749

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 18,015 28,661
Other debtors 103,595 133,685
121,610 162,346

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,890 9,890
Trade creditors - 4,162
Taxation and social security 14,208 84,472
24,098 98,524

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 15,061 24,946

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 6,000 6,000
Between one and five years 1,000 7,000
7,000 13,000

S3 SALES LTD (REGISTERED NUMBER: 08173480)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 DECEMBER 2023

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 360 688

Deferred
tax
£   
Balance at 30 December 2022 688
Credit to Income Statement during year (328 )
Balance at 29 December 2023 360

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 December 2023 and 29 December 2022:

2023 2022
£    £   
N F Hopkins
Balance outstanding at start of year 126,073 158,936
Amounts advanced 125,294 154,134
Amounts repaid (154,592 ) (186,997 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 96,775 126,073

The loan is repayable on demand and interest is charged at the official rate of interest on amounts in excess of £10,000.