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REGISTERED NUMBER: 09582657 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

83 ASSOCIATES LIMITED

83 ASSOCIATES LIMITED (REGISTERED NUMBER: 09582657)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


83 ASSOCIATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: A Anunta





REGISTERED OFFICE: Archer House
Britland Estate
Northbourne Road
Eastbourne
BN22 8PW





REGISTERED NUMBER: 09582657 (England and Wales)





ACCOUNTANTS: Dominic Hill Associates Limited
Archer House
Britland Estate
Northbourne Road
Eastbourne
BN22 8PW

83 ASSOCIATES LIMITED (REGISTERED NUMBER: 09582657)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 76,447 88,456
76,447 88,456

CURRENT ASSETS
Stocks 224,320 170,659
Debtors 6 207,476 213,583
Cash at bank and in hand 1,202 4,047
432,998 388,289
CREDITORS
Amounts falling due within one year 7 264,342 388,823
NET CURRENT ASSETS/(LIABILITIES) 168,656 (534 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

245,103

87,922

CREDITORS
Amounts falling due after more than one
year

8

(204,343

)

(46,285

)

PROVISIONS FOR LIABILITIES (7,839 ) (8,793 )
NET ASSETS 32,921 32,844

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 32,920 32,843
SHAREHOLDERS' FUNDS 32,921 32,844

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

83 ASSOCIATES LIMITED (REGISTERED NUMBER: 09582657)

BALANCE SHEET - continued
31 MAY 2024


The 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.

The financial statements were approved by the director and authorised for issue on 17 February 2025 and were signed by:





A Anunta - Director


83 ASSOCIATES LIMITED (REGISTERED NUMBER: 09582657)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

83 Associates Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Computer software
During the period there was no expenditure on computer software that was capitalised.

It is the policy of the company to amortise computer software over a period of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 June 2023
and 31 May 2024 78,237
AMORTISATION
At 1 June 2023
and 31 May 2024 78,237
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

83 ASSOCIATES LIMITED (REGISTERED NUMBER: 09582657)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 209,454
Additions 1,987
At 31 May 2024 211,441
DEPRECIATION
At 1 June 2023 120,998
Charge for year 13,996
At 31 May 2024 134,994
NET BOOK VALUE
At 31 May 2024 76,447
At 31 May 2023 88,456

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 176,259 178,037
Other debtors 31,217 35,546
207,476 213,583

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 35,846 39,682
Trade creditors 23,070 72,211
Taxation and social security 4,083 7,562
Other creditors 201,343 269,368
264,342 388,823

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 204,343 46,285

9. LEASE OBLIGATIONS

During the year ended 31 May 2019 the company entered into a lease with a third party to rent two commercial units. The company will be charged an annual rent of £25,000 per annum with the lease ending in December 2023.

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included in creditors is a loan to the director. This loan has no fixed term for repayment.

83 ASSOCIATES LIMITED (REGISTERED NUMBER: 09582657)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

11. ULTIMATE CONTROLLING PARTY

Mr A Anunta controls the company by virtue of his 100% holding of the company's issued share capital.