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COMPANY REGISTRATION NUMBER: 14463642
S9 COMMERCIALS LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
28 November 2023
S9 COMMERCIALS LIMITED
FINANCIAL STATEMENTS
PERIOD FROM 1 DECEMBER 2022 TO 28 NOVEMBER 2023
CONTENTS
PAGES
Statement of financial position
1 to 2
Notes to the financial statements
3 to 4
S9 COMMERCIALS LIMITED
STATEMENT OF FINANCIAL POSITION
28 November 2023
28 Nov 23
Note
£
£
FIXED ASSETS
Tangible assets
4
345,168
CURRENT ASSETS
Debtors
5
20,598
Cash at bank and in hand
501
--------
21,099
CREDITORS: amounts falling due within one year
6
( 376,917)
---------
NET CURRENT LIABILITIES
( 355,818)
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
( 10,650)
--------
NET LIABILITIES
( 10,650)
--------
CAPITAL AND RESERVES
Called up share capital
7
100
Profit and loss account
( 10,750)
--------
SHAREHOLDERS DEFICIT
( 10,650)
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the period ending 28 November 2023 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 period 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 .
S9 COMMERCIALS LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
28 November 2023
These financial statements were approved by the board of directors and authorised for issue on 11 March 2025 , and are signed on behalf of the board by:
Mr West
Mr Metcalfe
Director
Director
Company registration number: 14463642
S9 COMMERCIALS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
PERIOD FROM 1 DECEMBER 2022 TO 28 NOVEMBER 2023
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 51 Selby Road, Leeds, West Yorkshire, LS9 0EW.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the 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 financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The financial statements have also been prepared on the going concern basis. The director considers the going concern basis to be appropriate as he has confirmed his ongoing support
Revenue recognition
Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, inclusive of Value Added Tax.
Tangible assets
Tangible assets are initially recorded at cost.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Motor vehicles
-
25% straight line
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.
4. TANGIBLE ASSETS
Long leasehold property
Motor vehicles
Total
£
£
£
Cost
At 1 December 2022
Additions
249,014
98,200
347,214
---------
--------
---------
At 28 November 2023
249,014
98,200
347,214
---------
--------
---------
Depreciation
At 1 December 2022
Charge for the period
2,046
2,046
---------
--------
---------
At 28 November 2023
2,046
2,046
---------
--------
---------
Carrying amount
At 28 November 2023
249,014
96,154
345,168
---------
--------
---------
5. DEBTORS
28 Nov 23
£
Trade debtors
( 1,500)
Other debtors
22,098
--------
20,598
--------
6. CREDITORS: amounts falling due within one year
28 Nov 23
£
Bank loans and overdrafts
253,397
Trade creditors
121,770
Loans to related parties
500
Other creditors
1,250
---------
376,917
---------
7. CALLED UP SHARE CAPITAL
During the period 100 ordinary £1 shares were issued at par