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REGISTERED NUMBER: 08895363 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2022

FOR

SOARSOFT INTERNATIONAL LTD

SOARSOFT INTERNATIONAL LTD (REGISTERED NUMBER: 08895363)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 28 FEBRUARY 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SOARSOFT INTERNATIONAL LTD

COMPANY INFORMATION
for the Year Ended 28 FEBRUARY 2022







DIRECTORS: G Amoils
C F Hathaway





REGISTERED OFFICE: 88 North Street
Hornchurch
Essex
RM11 1SR





REGISTERED NUMBER: 08895363 (England and Wales)





ACCOUNTANTS: Lipson & Co
88 North Street
Hornchurch
Essex
RM11 1SR

SOARSOFT INTERNATIONAL LTD (REGISTERED NUMBER: 08895363)

BALANCE SHEET
28 FEBRUARY 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,910 4,191
Investments 5 165,396 165,396
169,306 169,587

CURRENT ASSETS
Debtors 6 278,453 420,852
Cash at bank 211,757 31,513
490,210 452,365
CREDITORS
Amounts falling due within one year 7 260,275 171,968
NET CURRENT ASSETS 229,935 280,397
TOTAL ASSETS LESS CURRENT
LIABILITIES

399,241

449,984

CREDITORS
Amounts falling due after more than one
year

8

46,667

50,000
NET ASSETS 352,574 399,984

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 352,572 399,982
SHAREHOLDERS' FUNDS 352,574 399,984

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2022 in accordance with Section 476 of the Companies Act 2006.

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.

SOARSOFT INTERNATIONAL LTD (REGISTERED NUMBER: 08895363)

BALANCE SHEET - continued
28 FEBRUARY 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 August 2022 and were signed on its behalf by:




G Amoils - Director



C F Hathaway - Director


SOARSOFT INTERNATIONAL LTD (REGISTERED NUMBER: 08895363)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 28 FEBRUARY 2022

1. STATUTORY INFORMATION

Soarsoft International Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

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.

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.

Coronavirus
On 11 March 2020, the World Health Organisation declared the COVID-19 outbreak as a worldwide pandemic. The directors are carefully monitoring the situation and following the applicable guidance issued by the UK Government. The outbreak has had a significant impact on both people and industry across the world. Due to the nature of the outbreak and the ongoing effect it is having globally, it is very difficult to fully predict the overall impact this situation will have on the company and the business going forward.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

SOARSOFT INTERNATIONAL LTD (REGISTERED NUMBER: 08895363)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 FEBRUARY 2022

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 March 2021 10,667
Additions 1,021
At 28 February 2022 11,688
DEPRECIATION
At 1 March 2021 6,476
Charge for year 1,302
At 28 February 2022 7,778
NET BOOK VALUE
At 28 February 2022 3,910
At 28 February 2021 4,191

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 March 2021
and 28 February 2022 165,396
NET BOOK VALUE
At 28 February 2022 165,396
At 28 February 2021 165,396

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 87,789 144,180
Amounts owed by group undertakings 42,822 127,172
Other debtors 147,842 149,500
278,453 420,852

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 209 -
Trade creditors 15,056 95,626
Amounts owed to group undertakings 200,000 -
Taxation and social security 43,810 75,142
Other creditors 1,200 1,200
260,275 171,968

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans 46,667 50,000

SOARSOFT INTERNATIONAL LTD (REGISTERED NUMBER: 08895363)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 FEBRUARY 2022

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Soarsoft International Holdings Limited, a company incorporated in Mauritius, by virtue of the company being a wholly owned subsidiary of Soarsoft International Holdings Limited. The directors' interests in Soarsoft International Holdings Limited are disclosed in that company's accounts.