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Company Registration No. 08785610 (England and Wales)
Southsea Traders Limited Unaudited accounts for the year ended 30 November 2023
Southsea Traders Limited Unaudited accounts Contents
Page
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Southsea Traders Limited Company Information for the year ended 30 November 2023
Director
Ming Zhang
Company Number
08785610 (England and Wales)
Registered Office
TOP FLOOR, 38 SOUTH MOLTON STREET LONDON W1K 5RN ENGLAND
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Southsea Traders Limited Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
2,050 
2,050 
Tangible assets
36,910 
38,960 
38,960 
41,010 
Current assets
Inventories
25,060 
59,985 
Debtors
5,377 
5,233 
Cash at bank and in hand
59,291 
89,694 
89,728 
154,912 
Creditors: amounts falling due within one year
(147,670)
(160,359)
Net current liabilities
(57,942)
(5,447)
Total assets less current liabilities
(18,982)
35,563 
Creditors: amounts falling due after more than one year
(31,619)
(42,268)
Net liabilities
(50,601)
(6,705)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(50,602)
(6,706)
Shareholders' funds
(50,601)
(6,705)
For the year ending 30 November 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 director acknowledges his 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 and authorised for issue on 30 August 2024 and were signed on its behalf by
Ming Zhang Director Company Registration No. 08785610
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Southsea Traders Limited Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
Southsea Traders Limited is a private company, limited by shares, registered in England and Wales, registration number 08785610. The registered office is TOP FLOOR, 38, SOUTH MOLTON STREET, LONDON, W1K 5RN, ENGLAND.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 December 2022
4,100 
At 30 November 2023
4,100 
Amortisation
At 1 December 2022
2,050 
At 30 November 2023
2,050 
Net book value
At 30 November 2023
2,050 
At 30 November 2022
2,050 
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Southsea Traders Limited Notes to the Accounts for the year ended 30 November 2023
5
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 December 2022
46,973 
4,445 
51,418 
At 30 November 2023
46,973 
4,445 
51,418 
Depreciation
At 1 December 2022
7,853 
4,605 
12,458 
Charge for the year
2,050 
- 
2,050 
At 30 November 2023
9,903 
4,605 
14,508 
Net book value
At 30 November 2023
37,070 
(160)
36,910 
At 30 November 2022
39,120 
(160)
38,960 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
1,884 
1,740 
Trade debtors
3,493 
3,493 
5,377 
5,233 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
132,562 
146,403 
Taxes and social security
229 
229 
Other creditors
1,152 
- 
Loans from directors
13,727 
13,727 
147,670 
160,359 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
31,619 
42,268 
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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