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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
Page
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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
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Sales Tradings Ltd Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
917 
1,223 
Current assets
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 
Capital and reserves
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
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Sales Tradings Ltd Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
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.
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:
Computer equipment
Depreciation at 25% Reducing Balance
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 December 2022
2,900 
At 30 November 2023
2,900 
Depreciation
At 1 December 2022
1,677 
Charge for the year
306 
At 30 November 2023
1,983 
Net book value
At 30 November 2023
917 
At 30 November 2022
1,223 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
- 
(657)
Loans from directors
631 
2,538 
Accruals
4,800 
4,800 
5,431 
6,681 
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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 
£ 
£ 
Bank loans
21,492 
33,028 
Other creditors
- 
20,000 
21,492 
53,028 
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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