1 July 2023 v2024.54.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP013065682023-07-012024-06-30013065682024-06-30013065682023-06-3001306568core:WithinOneYear2024-06-3001306568core:WithinOneYear2023-06-3001306568core:ShareCapital2024-06-3001306568core:ShareCapital2023-06-3001306568core:RetainedEarningsAccumulatedLosses2024-06-3001306568core:RetainedEarningsAccumulatedLosses2023-06-3001306568bus:Director12023-07-012024-06-3001306568bus:RegisteredOffice2023-07-012024-06-30013065682022-07-012023-06-3001306568core:PlantMachinery2024-06-3001306568core:PlantMachinery2023-07-0101306568core:PlantMachinery2023-07-012024-06-3001306568core:PlantMachinery2023-06-300130656812023-07-012024-06-3001306568countries:EnglandWales2023-07-012024-06-3001306568bus:AuditExemptWithAccountantsReport2023-07-012024-06-3001306568bus:PrivateLimitedCompanyLtd2023-07-012024-06-3001306568bus:SmallEntities2023-07-012024-06-3001306568bus:FullAccounts2023-07-012024-06-30
Company registration number:
01306568
Ess Tee United Traders (London) Limited
Unaudited Filleted Financial Statements for the year ended
30 June 2024
Ess Tee United Traders (London) Limited
Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements of Ess Tee United Traders (London) Limited
Year ended
30 June 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements
of
Ess Tee United Traders (London) Limited
for the year ended
30 June 2024
which comprise the income statement, statement of income and retained earnings, statement of financial position and related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/​regulations.
This report is made solely to the Board of Directors of
Ess Tee United Traders (London) Limited
, as a body. Our work has been undertaken solely to prepare for your approval the
financial statements
of
Ess Tee United Traders (London) Limited
and state those matters that we have agreed to state to the Board of Directors of
Ess Tee United Traders (London) Limited
, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than
Ess Tee United Traders (London) Limited
and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that
Ess Tee United Traders (London) Limited
has kept adequate accounting records and to prepare statutory
financial statements
that give a true and fair view of the assets, liabilities, financial position and loss of
Ess Tee United Traders (London) Limited
. You consider that
Ess Tee United Traders (London) Limited
is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Ess Tee United Traders (London) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Jay Patel & Co
Chartered Accountants
278 Northfield Avenue
Ealing
London
W5 4UB
United Kingdom
Ess Tee United Traders (London) Limited
Statement of Financial Position
30 June 2024
20242023
Note££
Fixed assets    
Tangible assets 5
301
 
355
 
Current assets    
Debtors 6
2,247
 
17,288
 
Cash at bank and in hand
279,449
 
335,752
 
281,696
 
353,040
 
Creditors: amounts falling due within one year 7
(137,941
)
(189,206
)
Net current assets
143,755
 
163,834
 
Total assets less current liabilities 144,056   164,189  
Capital and reserves    
Called up share capital
200,000
 
200,000
 
Profit and loss account
(55,944
)
(35,811
)
Shareholders funds
144,056
 
164,189
 
For the year ending
30 June 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
financial statements
have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies’ regime.
In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered.
These
financial statements
were approved by the board of directors and authorised for issue on
30 October 2024
, and are signed on behalf of the board by:
R Bhojwani
Director
Company registration number:
01306568
Ess Tee United Traders (London) Limited
Notes to the Financial Statements
Year ended
30 June 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
278 Northfield Avenue
,
London
,
W5 4UB
, England.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4 Average number of employees

The average number of persons employed by the company during the year was
1
(2023:
2.00
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 July 2023
and
30 June 2024
9,420
 
Depreciation  
At
1 July 2023
9,065
 
Charge
54
 
At
30 June 2024
9,119
 
Carrying amount  
At
30 June 2024
301
 
At 30 June 2023
355
 

6 Debtors

20242023
££
Trade debtors
(5,363
) -  
Other debtors
7,610
 
17,288
 
2,247
 
17,288
 

7 Creditors: amounts falling due within one year

20242023
££
Trade creditors
(1,393
)
37,168
 
Taxation and social security
(117
)
(116
)
Other creditors
139,451
 
152,154
 
137,941
 
189,206