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SELL UP AND MOVE ON LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024






SELL UP AND MOVE ON LTD (REGISTERED NUMBER: 12794997)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SELL UP AND MOVE ON LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: R McCarthy
Ms J E Jones





REGISTERED OFFICE: 6 Park Way
Keighley
West Yorkshire
BD21 5NJ





REGISTERED NUMBER: 12794997 (England and Wales)





ACCOUNTANTS: Wilkinson and Partners
Chartered Accountants
Fairfax House
6a Mill Field Road
Cottingley Business Park
Bradford
West Yorkshire
BD16 1PY

SELL UP AND MOVE ON LTD (REGISTERED NUMBER: 12794997)

BALANCE SHEET
31 AUGUST 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 5 4,676 3,458

CURRENT ASSETS
Debtors 6 295 1,295
Cash at bank 6,384 16,154
6,679 17,449
CREDITORS
Amounts falling due within one year 7 21,055 15,612
NET CURRENT (LIABILITIES)/ASSETS (14,376 ) 1,837
TOTAL ASSETS LESS CURRENT LIABILITIES (9,700 ) 5,295

PROVISIONS FOR LIABILITIES 8 - 657
NET (LIABILITIES)/ASSETS (9,700 ) 4,638

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings (9,701 ) 4,637
SHAREHOLDERS' FUNDS (9,700 ) 4,638

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

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

The directors acknowledge their 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.

SELL UP AND MOVE ON LTD (REGISTERED NUMBER: 12794997)

BALANCE SHEET - continued
31 AUGUST 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 May 2025 and were signed on its behalf by:





R McCarthy - Director


SELL UP AND MOVE ON LTD (REGISTERED NUMBER: 12794997)

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


1. STATUTORY INFORMATION

Sell Up and Move On Ltd 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

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 - 15% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

SELL UP AND MOVE ON LTD (REGISTERED NUMBER: 12794997)

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


4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 September 2023 1,631 5,698 7,329
Additions 1,438 3,099 4,537
At 31 August 2024 3,069 8,797 11,866
DEPRECIATION
At 1 September 2023 497 3,374 3,871
Charge for year 386 2,933 3,319
At 31 August 2024 883 6,307 7,190
NET BOOK VALUE
At 31 August 2024 2,186 2,490 4,676
At 31 August 2023 1,134 2,324 3,458

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Other debtors - 1,000
Prepayments 295 295
295 1,295

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 11,903 911
Tax 6,953 6,953
Other creditors - 6,000
Directors' current accounts 14 14
Accrued expenses 2,185 1,734
21,055 15,612

Loans from directors are interest free and repayable on demand.

8. PROVISIONS FOR LIABILITIES
31.8.24 31.8.23
£    £   
Deferred tax - 657

SELL UP AND MOVE ON LTD (REGISTERED NUMBER: 12794997)

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


8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 September 2023 657
Accelerated capital allowances (657 )
Balance at 31 August 2024 -

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
1 Ordinary 1.00 1 1