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Registered number: 6001290
SUPERDEAL IMPORTS LIMITED
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 6001290
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,067 1,334
1,067 1,334
CURRENT ASSETS
Stocks 5 4,000 5,500
Debtors 6 49,784 31,258
Cash at bank and in hand 148,853 262,077
202,637 298,835
Creditors: Amounts Falling Due Within One Year 7 (36,683 ) (65,446 )
NET CURRENT ASSETS (LIABILITIES) 165,954 233,389
TOTAL ASSETS LESS CURRENT LIABILITIES 167,021 234,723
NET ASSETS 167,021 234,723
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 166,921 234,623
SHAREHOLDERS' FUNDS 167,021 234,723
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For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr JASMEET CHADHA
Director
17/09/2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
SUPERDEAL IMPORTS LIMITED Registered number 6001290 is a limited by shares company incorporated in England & Wales. The Registered Office is 22 RUGBY STREET, MANCHESTER, M8 9SN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 20%
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.6. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2022: 6)
6 6
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 January 2023 2,129
As at 31 December 2023 2,129
Depreciation
As at 1 January 2023 795
Provided during the period 267
As at 31 December 2023 1,062
Net Book Value
As at 31 December 2023 1,067
As at 1 January 2023 1,334
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5. Stocks
2023 2022
£ £
Finished goods 4,000 5,500
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 49,637 31,258
Other taxes and social security 147 -
49,784 31,258
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 6,231 33,580
Bank loans and overdrafts 852 3,559
Corporation tax 1 2,352
Other taxes and social security - 516
VAT 23,759 19,352
Other creditors 1,000 1,000
Director's loan account 4,840 5,087
36,683 65,446
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
9. Directors Advances, Credits and Guarantees
Dividends paid to directors
10. Dividends
2023 2022
£ £
On equity shares:
Final dividend paid 54,500 51,000
11. Ultimate Controlling Party
The company's ultimate controlling prty is the director by virtue of his ownership of 50% of the issued share capital in the company.
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