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
Southsea Traders Limited
Company Information
for the year ended 30 November 2023
Company Number
08785610 (England and Wales)
Registered Office
TOP FLOOR, 38
SOUTH MOLTON STREET
LONDON
W1K 5RN
ENGLAND
Southsea Traders Limited
Statement of financial position
as at 30 November 2023
Intangible assets
2,050
2,050
Tangible assets
36,910
38,960
Cash at bank and in hand
59,291
89,694
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)
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
Southsea Traders Limited
Notes to the Accounts
for the year ended 30 November 2023
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.
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:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
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
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
At 30 November 2023
37,070
(160)
36,910
At 30 November 2022
39,120
(160)
38,960
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
132,562
146,403
Taxes and social security
229
229
Loans from directors
13,727
13,727
8
Creditors: amounts falling due after more than one year
2023
2022
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).