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Registered number: 11150687
Sell2world International Limited
Unaudited Financial Statements
For The Year Ended 31 January 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 11150687
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 34,823 35,425
Tangible Assets 5 23,808 19,934
Investment Properties 6 815,322 514,000
Investments 7 - 30,254
873,953 599,613
CURRENT ASSETS
Debtors 8 4,443,183 4,317,141
Cash at bank and in hand 769,839 1,056,833
5,213,022 5,373,974
Creditors: Amounts Falling Due Within One Year 9 (2,640,001 ) (2,071,213 )
NET CURRENT ASSETS (LIABILITIES) 2,573,021 3,302,761
TOTAL ASSETS LESS CURRENT LIABILITIES 3,446,974 3,902,374
PROVISIONS FOR LIABILITIES
Deferred Taxation (6,196 ) (4,983 )
NET ASSETS 3,440,778 3,897,391
CAPITAL AND RESERVES
Called up share capital 10 2 2
Revaluation reserve 12 (13,906 ) (13,906 )
Profit and Loss Account 3,454,682 3,911,295
SHAREHOLDERS' FUNDS 3,440,778 3,897,391
Page 1
Page 2
For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr P Shukla
Director
29/10/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Sell2world International Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11150687 . The registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets relate to software development costs. It is amortised to profit and loss account over its estimated economic life.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% on cost
Computer Equipment 33% on cost
2.5. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
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Page 4
2.7. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 27 (2024: 40)
27 40
4. Intangible Assets
Other
£
Cost
As at 1 February 2024 59,854
Additions 19,350
As at 31 January 2025 79,204
Amortisation
As at 1 February 2024 24,429
Provided during the period 19,952
As at 31 January 2025 44,381
Net Book Value
As at 31 January 2025 34,823
As at 1 February 2024 35,425
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 February 2024 4,939 29,164 34,103
Additions - 19,245 19,245
Disposals - (970 ) (970 )
As at 31 January 2025 4,939 47,439 52,378
Depreciation
As at 1 February 2024 2,470 11,699 14,169
Provided during the period 1,235 13,407 14,642
Disposals - (241 ) (241 )
As at 31 January 2025 3,705 24,865 28,570
Net Book Value
As at 31 January 2025 1,234 22,574 23,808
As at 1 February 2024 2,469 17,465 19,934
Page 4
Page 5
6. Investment Property
2025
£
Fair Value
As at 1 February 2024 514,000
Additions 301,322
As at 31 January 2025 815,322
7. Investments
Other
£
Cost or Valuation
As at 1 February 2024 30,254
Fair value adjustments (30,254 )
As at 31 January 2025 -
Provision
As at 1 February 2024 -
As at 31 January 2025 -
Net Book Value
As at 31 January 2025 -
As at 1 February 2024 30,254
8. Debtors
2025 2024
£ £
Due within one year
Trade debtors 346,428 264,707
Prepayments and accrued income 87,346 110,003
Other debtors 992,203 971,211
Director's loan account 3,002,284 2,964,814
Called up share capital not paid 2 2
Amounts owed by related parties 14,920 6,404
4,443,183 4,317,141
9. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 74,230 29,564
Corporation tax 696,077 914,352
Other taxes and social security 57,293 73,050
VAT 13,414 64,727
Other creditors 8,529 48,285
Accruals and deferred income 38,586 154,463
Amounts owed to related parties 1,751,872 786,772
2,640,001 2,071,213
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Page 6
10. Share Capital
2025 2024
£ £
Called Up Share Capital not Paid 2 2
Amount of Allotted, Called Up Share Capital 2 2
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 February 2024 Amounts advanced Amounts repaid Amounts written off As at 31 January 2025
£ £ £ £ £
Mr Puneet Shukla 2,964,814 41,283 3,814 - 3,002,283
The above loan is unsecured, interest free and repayable on demand.
12. Reserves
Revaluation Reserve
£
As at 1 February 2024 (13,906 )
As at 31 January 2025 (13,906 )
13. Related Party Transactions
During the year, the company made loans to companies under common control of the director. The amount outstanding from these companies at the balance sheet date was £14,920 (2024 £6,404)
During the year, the company received loans from companies under common control of the director. The amount outstanding to these companies at the balance sheet date was £1,751,872 (2024 £786,772)
Page 6