| |
|
2024 |
|
2023 |
| |
|
£ |
£ |
|
£ |
£ |
| Current assets |
|
1,151 |
|
|
17,936 |
|
| Creditors: amount falling due within one year |
|
(60,786) |
|
|
(58,890) |
|
|
Net current assets
|
|
|
(59,635)
|
|
|
(40,954)
|
|
Total assets less current liabilities
|
|
|
(59,635) |
|
|
(40,954) |
|
Net assets
|
|
|
(59,635) |
|
|
(40,954) |
| |
|
|
|
|
|
|
|
Capital and reserves
|
|
|
(59,635) |
|
|
(40,954) |
| |
NOTES TO THE ACCOUNTS
General Information
COSMOS TRADERS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13068744, registration address 32 HARROW ROAD, WORTHING , BN11 4RB.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The financial statements have been prepared on a going concern basis, which assumes that the company will continue in operational existence for the foreseeable future.
For the year ended 30 November 2024, the company incurred a loss of £18,681 (2023: loss of £4,440) and had net liabilities of £59,635 as at the reporting date (2023: £40,954). These conditions indicate the existence of a material uncertainty that may cast significant doubt on the companys ability to continue as a going concern.
However, the director has reviewed the companys financial position and cash flow forecasts and is satisfied that sufficient support will be available to continue operations for at least 12 months from the date of approval of these financial statements. Continued financial support has been confirmed by the director and shareholder, and the director has also received assurance that creditors will not withdraw their facilities during this period.
Accordingly, the director believes it is appropriate to prepare the financial statements on a going concern basis. These financial statements do not include any adjustments that would result if the company were unable to continue as a going concern.
|
| 2. |
Average number of employees
Average number of employees during the year was 0 (2023 : 0).
|
For the year ended 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's Responsibilities: The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.
The members have agreed to the preparation of abridged accounts.
The financial statements were approved by the director on 07 August 2025 and were signed by: -------------------------------- Shafiq AHMED Director |
1
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