BEST SELLING LIMITED

BEST SELLING LIMITED

BEST SELLING LIMITED - Company Information

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BEST SELLING LIMITED

Company Registration Number:
02918261 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2021

Period of accounts

Start date: 01 April 2020

End date: 31 March 2021

BEST SELLING LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2021

Balance sheet
Notes

BEST SELLING LIMITED

Balance sheet

As at 31 March 2021


Notes
2021
2020


£
£
Fixed assets
Tangible assets: 3 32,847 36,293
Investments: 4 28,000 28,000
Total fixed assets: 60,847 64,293
Current assets
Stocks: 2,083,250 1,507,598
Debtors:   789,618 820,961
Cash at bank and in hand: 5,757 21,059
Total current assets: 2,878,625 2,349,618
Creditors: amounts falling due within one year:   (1,651,750) (1,219,886)
Net current assets (liabilities): 1,226,875 1,129,732
Total assets less current liabilities: 1,287,722 1,194,025
Creditors: amounts falling due after more than one year:   (410,696) (360,696)
Total net assets (liabilities): 877,026 833,329
Capital and reserves
Called up share capital: 1,000 1,000
Revaluation reserve:511,15211,152
Profit and loss account: 864,874 821,177
Shareholders funds: 877,026 833,329

The notes form part of these financial statements

BEST SELLING LIMITED

Balance sheet statements

For the year ending 31 March 2021 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 30 March 2022
and signed on behalf of the board by:

Name: R MALIK
Status: Director

The notes form part of these financial statements

BEST SELLING LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

BEST SELLING LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

2. Employees

2021 2020
Average number of employees during the period 14 12

BEST SELLING LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

3. Tangible Assets

Total
Cost £
At 01 April 2020 184,110
At 31 March 2021 184,110
Depreciation
At 01 April 2020 147,817
Charge for year 3,446
At 31 March 2021 151,263
Net book value
At 31 March 2021 32,847
At 31 March 2020 36,293

BEST SELLING LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

4. Fixed investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

BEST SELLING LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

5. Revaluation reserve

2021
£
Balance at 01 April 2020 11,152
Surplus or deficit after revaluation 0
Balance at 31 March 2021 11,152