SSL247 Limited - Filleted accounts

Registered number

05802692

SSL247 Limited

Filleted Accounts

31 December 2024

SSL247 Limited
Registered number:		05802692
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Current assets
Debtors	4	1,950,520			1,761,293
Cash at bank and in hand		479,175			129,432
		2,429,695			1,890,725

Creditors: amounts falling due within one year	5	(462,279)			(186,922)

Net current assets			1,967,416			1,703,803

Net assets			1,967,416			1,703,803

Capital and reserves
Called up share capital			210			210
Share premium			9,130			9,130
Profit and loss account			1,958,076			1,694,463

Shareholders' funds			1,967,416			1,703,803

Average no of Employees			4			19

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mrs. Rita Parvaneh
Director
Approved by the board on 27 October 2025

SSL247 Limited
Notes to the Accounts
for the year ended 31 December 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings	over 50 years
	Leasehold land and buildings	over the lease term
	Plant and machinery	over 5 years
	Fixtures, fittings, tools and equipment	over 5 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.


2	Employees		2024		2023
Number				Number

	Average number of persons employed by the company		4		19


3	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 January 2024				268,080
	At 31 December 2024				268,080

	Depreciation
	At 1 January 2024				268,080
	At 31 December 2024				268,080

	Net book value
	At 31 December 2024				-


4	Debtors		2024		2023
£				£

	Trade debtors		466,857		285,478
	Amounts owed by group undertakings and undertakings in which the company has a participating interest		1,501,511		1,409,696
	Provision for Managment Charges		-		50,779
	Other debtors		(17,848)		15,340
			1,950,520		1,761,293


5	Creditors: amounts falling due within one year		2024		2023
£				£

	Trade creditors		4,843		11,183
	Amounts owed to group undertakings and undertakings in which the company has a participating interest		416,239		-
	VAT		40,497		60,507
	Accrued Purchases		700		700
	Accruals		-		69,338
	Taxation and social security costs		-		45,194
			462,279		186,922


6	Other information
	SSL247 Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Exmouth
	3/11 Pine Street
	London
	EC1R 0JH