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Company Registration No. 12488310 (England and Wales)
7SULTAN LIMITED Unaudited accounts for the year ended 29 February 2024
7SULTAN LIMITED Unaudited accounts Contents
Page
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7SULTAN LIMITED Company Information for the year ended 29 February 2024
Director
A MOLLAOGULLARI
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
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7SULTAN LIMITED Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
10,295 
9,143 
Current assets
Debtors
62,848 
60,573 
Cash at bank and in hand
550,686 
511,961 
613,534 
572,534 
Creditors: amounts falling due within one year
(237,652)
(171,781)
Net current assets
375,882 
400,753 
Net assets
386,177 
409,896 
Capital and reserves
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
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7SULTAN LIMITED Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
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.
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.
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
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 
£ 
Cost or valuation
At cost 
At 1 March 2023
16,370 
Additions
8,059 
At 29 February 2024
24,429 
Depreciation
At 1 March 2023
7,227 
Charge for the year
6,107 
On disposals
800 
At 29 February 2024
14,134 
Net book value
At 29 February 2024
10,295 
At 28 February 2023
9,143 
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7SULTAN LIMITED Notes to the Accounts for the year ended 29 February 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
62,848 
59,138 
Other debtors
- 
1,435 
62,848 
60,573 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
81,544 
62,702 
VAT
25,195 
26,891 
Taxes and social security
126,913 
78,188 
Other creditors
4,000 
4,000 
237,652 
171,781 
7
Capital commitments
2024 
2023 
£ 
£ 
None
8
Loans to directors
None
9
Average number of employees
During the year the average number of employees was 3 (2023: 2).
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