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Company Registration No. 14093875 (England and Wales)
South End 99 Plus Ltd Unaudited accounts for the year ended 31 May 2024
South End 99 Plus Ltd Unaudited accounts Contents
Page
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South End 99 Plus Ltd Company Information for the year ended 31 May 2024
Directors
ALIREZA AKBARI-JONDOGHDOOEI TAGHI NAEEMI GOONDOGHDOOEI,
Company Number
14093875 (England and Wales)
Accountants
NOORY AND CO ACCOUNTANTS 22 Conduit Place London London W2 1HS
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South End 99 Plus Ltd Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
61,616 
63,196 
Current assets
Inventories
34,587 
15,000 
Debtors
1,654 
5,124 
Cash at bank and in hand
6,997 
8,020 
43,238 
28,144 
Creditors: amounts falling due within one year
(94,982)
(85,291)
Net current liabilities
(51,744)
(57,147)
Net assets
9,872 
6,049 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
9,772 
5,949 
Shareholders' funds
9,872 
6,049 
For the year ending 31 May 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 27 October 2024 and were signed on its behalf by
TAGHI NAEEMI GOONDOGHDOOEI, Director Company Registration No. 14093875
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South End 99 Plus Ltd Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
South End 99 Plus Ltd is a private company, limited by shares, registered in England and Wales, registration number 14093875.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant & machinery
5% Reducing Line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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South End 99 Plus Ltd Notes to the Accounts for the year ended 31 May 2024
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 June 2023
64,816 
At 31 May 2024
64,816 
Depreciation
At 1 June 2023
1,620 
Charge for the year
1,580 
At 31 May 2024
3,200 
Net book value
At 31 May 2024
61,616 
At 31 May 2023
63,196 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
1,654 
5,124 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
3,167 
5,991 
Taxes and social security
748 
- 
Loans from directors
91,067 
79,300 
94,982 
85,291 
7
Average number of employees
During the year the average number of employees was 3 (2023: 4).
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