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Company Registration No. 08785610 (England and Wales)
Southsea Traders Limited Unaudited accounts for the year ended 30 November 2024
Southsea Traders Limited Unaudited accounts Contents
Page
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Southsea Traders Limited Company Information for the year ended 30 November 2024
Director
Ming Zhang
Company Number
08785610 (England and Wales)
Registered Office
TOP FLOOR, 38 SOUTH MOLTON STREET LONDON W1K 5RN ENGLAND
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Southsea Traders Limited Statement of financial position as at 30 November 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
2,050 
2,050 
Tangible assets
34,962 
36,910 
37,012 
38,960 
Current assets
Inventories
16,825 
25,060 
Debtors
4,432 
5,377 
Cash at bank and in hand
22,096 
59,291 
43,353 
89,728 
Creditors: amounts falling due within one year
(142,074)
(147,670)
Net current liabilities
(98,721)
(57,942)
Total assets less current liabilities
(61,709)
(18,982)
Creditors: amounts falling due after more than one year
(20,971)
(31,619)
Net liabilities
(82,680)
(50,601)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(82,681)
(50,602)
Shareholders' funds
(82,680)
(50,601)
For the year ending 30 November 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 21 May 2025 and were signed on its behalf by
Ming Zhang Director Company Registration No. 08785610
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Southsea Traders Limited Notes to the Accounts for the year ended 30 November 2024
1
Statutory information
Southsea Traders Limited is a private company, limited by shares, registered in England and Wales, registration number 08785610. The registered office is TOP FLOOR, 38, SOUTH MOLTON STREET, LONDON, W1K 5RN, 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:
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 December 2023
4,100 
At 30 November 2024
4,100 
Amortisation
At 1 December 2023
2,050 
At 30 November 2024
2,050 
Net book value
At 30 November 2024
2,050 
At 30 November 2023
2,050 
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Southsea Traders Limited Notes to the Accounts for the year ended 30 November 2024
5
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 December 2023
46,973 
4,445 
51,418 
At 30 November 2024
46,973 
4,445 
51,418 
Depreciation
At 1 December 2023
9,903 
4,605 
14,508 
Charge for the year
1,948 
- 
1,948 
At 30 November 2024
11,851 
4,605 
16,456 
Net book value
At 30 November 2024
35,122 
(160)
34,962 
At 30 November 2023
37,070 
(160)
36,910 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
939 
1,884 
Trade debtors
3,493 
3,493 
4,432 
5,377 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
127,212 
132,562 
Taxes and social security
229 
229 
Other creditors
906 
1,152 
Loans from directors
13,727 
13,727 
142,074 
147,670 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
20,971 
31,619 
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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