Company Registration No. 12488310 (England and Wales)
7SULTAN LIMITED
Unaudited accounts
for the year ended 29 February 2024
7SULTAN LIMITED
Unaudited accounts
Contents
7SULTAN LIMITED
Company Information
for the year ended 29 February 2024
Company Number
12488310 (England and Wales)
Registered Office
Rona Shoes
Unit E5
Kingfisher Business Park, Hawthorne Road
Bootle
Merseyside
L20 6PF
England
Accountants
ALTUN & CO
GROUND FLOOR
285 FORE STREET
EDMONTON
LONDON
N9 0PD
7SULTAN LIMITED
Statement of financial position
as at 29 February 2024
Tangible assets
10,295
9,143
Cash at bank and in hand
550,686
511,961
Creditors: amounts falling due within one year
(237,652)
(171,781)
Net current assets
375,882
400,753
Net assets
386,177
409,896
Called up share capital
1
1
Profit and loss account
386,176
409,895
Shareholders' funds
386,177
409,896
For the year ending 29 February 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 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 18 November 2024 and were signed on its behalf by
A MOLLAOGULLARI
Director
Company Registration No. 12488310
7SULTAN LIMITED
Notes to the Accounts
for the year ended 29 February 2024
7SULTAN LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12488310. The registered office is Rona Shoes, Unit E5, Kingfisher Business Park, Hawthorne Road, Bootle, Merseyside, L20 6PF, 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:
Plant & machinery
25% Straigh line basis
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.
4
Tangible fixed assets
Plant & machinery
At 29 February 2024
24,429
At 29 February 2024
14,134
At 29 February 2024
10,295
7SULTAN LIMITED
Notes to the Accounts
for the year ended 29 February 2024
Amounts falling due within one year
Trade debtors
62,848
59,138
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
81,544
62,702
Taxes and social security
126,913
78,188
Other creditors
4,000
4,000
7
Capital commitments
2024
2023
9
Average number of employees
During the year the average number of employees was 3 (2023: 2).