Company Registration No. 12331055 (England and Wales)
Sales Tradings Ltd
Abridged Accounts
for the year ended 30 November 2023
Sales Tradings Ltd
Abridged Accounts
Contents
Sales Tradings Ltd
Company Information
for the year ended 30 November 2023
Director
Mohammad Atif Mayo
Company Number
12331055 (England and Wales)
Registered Office
6 Pennine Parade
Pennine Drive
London
NW2 1NT
England
Sales Tradings Ltd
Statement of financial position
as at 30 November 2023
Cash at bank and in hand
9,908
68,716
Creditors: amounts falling due within one year
(5,431)
(6,681)
Net current assets
4,477
62,035
Total assets less current liabilities
5,394
63,258
Creditors: amounts falling due after more than one year
(21,492)
(53,028)
Net (liabilities)/assets
(16,098)
10,230
Called up share capital
1
1
Profit and loss account
(16,099)
10,229
Shareholders' funds
(16,098)
10,230
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 31 August 2024 and were signed on its behalf by
Mohammad Atif Mayo
Director
Company Registration No. 12331055
Sales Tradings Ltd
Notes to the Accounts
for the year ended 30 November 2023
Sales Tradings Ltd is a private company, limited by shares, registered in England and Wales, registration number 12331055. The registered office is 6 Pennine Parade, Pennine Drive, London, NW2 1NT, 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.
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.
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:
Computer equipment
Depreciation at 25% Reducing Balance
4
Tangible fixed assets
Computer equipment
5
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
-
(657)
Loans from directors
631
2,538
Sales Tradings Ltd
Notes to the Accounts
for the year ended 30 November 2023
6
Creditors: amounts falling due after more than one year
2023
2022
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).