Registered number
11769583
S PLUS TEXTILE SOURCING LTD
Filleted Accounts
31 January 2024
S PLUS TEXTILE SOURCING LTD
Registered number: 11769583
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 488 -
HBL Dollar Deposit 325,658 -
HBL Dollar Current 87,324 -
Cash at bank and in hand 220,371 279,253
633,841 279,253
Creditors: amounts falling due within one year 4 (199,144) (11,995)
Net current assets 434,697 267,258
Total assets less current liabilities 434,697 267,258
Creditors: amounts falling due after more than one year 5 (252,432) (253,242)
Net assets 184,629 20,256
Capital and reserves
Called up share capital 100 100
Profit and loss account 184,529 20,156
Shareholder's funds 184,629 20,256
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Shahid Iqbal Khan Lodhi
Director
Approved by the board on 31 October 2024
S PLUS TEXTILE SOURCING LTD
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 2
3 Debtors 2024 2023
£ £
VAT Receivable 488 -
4 Creditors: amounts falling due within one year 2024 2023
£ £
Pension Payable 389 291
Accruals 57,179 3,242
Taxation and social security costs 52,105 5,464
Ali Murtaza-Associates 87,039 -
Director's Loan - Mr Shahid Iqbal Khan Lodhi 2,432 2,998
199,144 11,995
5 Creditors: amounts falling due after one year 2024 2023
£ £
Director's Loan - Mr Shahid Iqbal Khan Lodhi 252,432 253,242
6 Other information
S PLUS TEXTILE SOURCING LTD is a private company limited by shares and incorporated in England. Its registered office is:
1st Floor 10 Musters Road
West Bridgford
Nottingham
NG2 7PL
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