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REGISTERED NUMBER: 13294198 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 March 2024

for

South Ormsby Trading Limited

South Ormsby Trading Limited (Registered number: 13294198)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


South Ormsby Trading Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: J B Thornes





REGISTERED OFFICE: South Ormsby Hall
South Ormsby
Louth
Lincolnshire
LN11 8QS





REGISTERED NUMBER: 13294198 (England and Wales)





ACCOUNTANTS: Tindle's LLP
Chartered Accountants and Business Advisers
Medway House
Fudan Way
Teesdale Business Park
Stockton on Tees
TS17 6EN

South Ormsby Trading Limited (Registered number: 13294198)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 41,860 35,721
Cash at bank and in hand 31,467 18,648
73,327 54,369
CREDITORS
Amounts falling due within one year 5 73,267 54,309
NET CURRENT ASSETS 60 60
TOTAL ASSETS LESS CURRENT
LIABILITIES

60

60

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (40 ) (40 )
60 60

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 20 March 2025 and were signed by:





J B Thornes - Director


South Ormsby Trading Limited (Registered number: 13294198)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

South Ormsby Trading 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.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

SHARE CAPITAL
Called up share capital is allotted, issued and fully paid.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 41,860 35,721

South Ormsby Trading Limited (Registered number: 13294198)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 4,318 1,837
Taxation and social security 4,563 40
Other creditors 64,386 52,432
73,267 54,309

6. RELATED PARTY DISCLOSURES

Amounts due to the owner of the business included within other creditors is £9,000 (2023: £9,518). There were no finance costs incurred and no fixed repayment terms.