| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31st July 2024 |
| for |
| SUPER BLESSINGS ONE LTD |
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31st July 2024 |
| for |
| SUPER BLESSINGS ONE LTD |
| SUPER BLESSINGS ONE LTD (REGISTERED NUMBER: 14216931) |
| Contents of the Financial Statements |
| FOR THE YEAR ENDED 31ST JULY 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| SUPER BLESSINGS ONE LTD |
| Company Information |
| FOR THE YEAR ENDED 31ST JULY 2024 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| 1 Quality Court |
| Chancery Lane |
| London |
| WC2A 1HR |
| SUPER BLESSINGS ONE LTD (REGISTERED NUMBER: 14216931) |
| Balance Sheet |
| 31ST JULY 2024 |
| 31/7/24 | 31/7/23 |
| Notes | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 | ( |
) |
| NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
( |
) |
| PROVISIONS FOR LIABILITIES | 10 | ( |
) |
| NET (LIABILITIES)/ASSETS | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 11 |
| Retained earnings | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) |
| 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. |
| SUPER BLESSINGS ONE LTD (REGISTERED NUMBER: 14216931) |
| Balance Sheet - continued |
| 31ST JULY 2024 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| SUPER BLESSINGS ONE LTD (REGISTERED NUMBER: 14216931) |
| Notes to the Financial Statements |
| FOR THE YEAR ENDED 31ST JULY 2024 |
| 1. | STATUTORY INFORMATION |
| Super Blessings One Ltd is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Goodwill |
| Intangible assets |
| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
| Tangible fixed assets |
| Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. |
| Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using either a straight line or reducing balance method, as indicated below. |
| Depreciation is provided on the following basis: |
| Computer Equipment - 20% Straight Line |
| Plant & Machinery - 15% Straight Line |
| The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. |
| Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss. |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| 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. |
| SUPER BLESSINGS ONE LTD (REGISTERED NUMBER: 14216931) |
| Notes to the Financial Statements - continued |
| FOR THE YEAR ENDED 31ST JULY 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| 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. |
| Creditors |
| Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment |
| Debtors |
| Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment. |
| Cash and cash equivalents |
| Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| SUPER BLESSINGS ONE LTD (REGISTERED NUMBER: 14216931) |
| Notes to the Financial Statements - continued |
| FOR THE YEAR ENDED 31ST JULY 2024 |
| 4. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| COST |
| Additions |
| At 31st July 2024 |
| AMORTISATION |
| Charge for year |
| At 31st July 2024 |
| NET BOOK VALUE |
| At 31st July 2024 |
| 5. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| Additions |
| At 31st July 2024 |
| DEPRECIATION |
| Charge for year |
| At 31st July 2024 |
| NET BOOK VALUE |
| At 31st July 2024 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31/7/24 | 31/7/23 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31/7/24 | 31/7/23 |
| £ | £ |
| Trade creditors |
| Amounts owed to associates | 83,063 | - |
| Taxation and social security |
| Other creditors |
| SUPER BLESSINGS ONE LTD (REGISTERED NUMBER: 14216931) |
| Notes to the Financial Statements - continued |
| FOR THE YEAR ENDED 31ST JULY 2024 |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31/7/24 | 31/7/23 |
| £ | £ |
| Other creditors |
| 9. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 31/7/24 | 31/7/23 |
| £ | £ |
| Bank Loan | 373,416 | - |
| Super Blessings One Ltd entered into a secured loan agreement with Barclays Security Trustee Limited. The loan is repayable in accordance with the agreed terms and is secured against the business and personal guarantee. |
| 10. | PROVISIONS FOR LIABILITIES |
| 31/7/24 | 31/7/23 |
| £ | £ |
| Deferred tax | 3,485 | - |
| Deferred |
| tax |
| £ |
| Provided during year |
| Balance at 31st July 2024 |
| 11. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31/7/24 | 31/7/23 |
| value: | £ | £ |
| Ordinary Shares Capital | 1 | 100 | 100 |