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REGISTERED NUMBER: 07172102 (England and Wales)















SOLE - O LIMITED

Unaudited Financial Statements For The Year Ended 31 March 2022






SOLE - O LIMITED (REGISTERED NUMBER: 07172102)






Contents of the Financial Statements
For The Year Ended 31 March 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

SOLE - O LIMITED

Company Information
For The Year Ended 31 March 2022







DIRECTOR: B Jeffrey





SECRETARY: B Jeffrey





REGISTERED OFFICE: 21 Nile Street
North Shields
Tyne and Wear
NE29 0AZ





REGISTERED NUMBER: 07172102 (England and Wales)





ACCOUNTANTS: Ron Joyce Ltd
Chartered Certified Accountant
18 Norham Road
Whitley Bay
Tyne and Wear
NE26 2SD

SOLE - O LIMITED (REGISTERED NUMBER: 07172102)

Balance Sheet
31 March 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 - 429
- 429

CURRENT ASSETS
Debtors 6 3,960 -
Cash at bank and in hand - 6,465
3,960 6,465
CREDITORS
Amounts falling due within one year 7 3,925 5,387
NET CURRENT ASSETS 35 1,078
TOTAL ASSETS LESS CURRENT
LIABILITIES

35

1,507

PROVISIONS FOR LIABILITIES 8 - 81
NET ASSETS 35 1,426

CAPITAL AND RESERVES
Called up share capital 5 5
Retained earnings 30 1,421
SHAREHOLDERS' FUNDS 35 1,426

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

SOLE - O LIMITED (REGISTERED NUMBER: 07172102)

Balance Sheet - continued
31 March 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 director and authorised for issue on 30 August 2022 and were signed by:





B Jeffrey - Director


SOLE - O LIMITED (REGISTERED NUMBER: 07172102)

Notes to the Financial Statements
For The Year Ended 31 March 2022

1. STATUTORY INFORMATION

Sole - O Limited 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.

Significant judgements
There were no judgements made that were significant enough to warrant disclosure.

Turnover
Turnover represents income for the sale of barber shop services provided and excludes VAT as the company is not VAT registered.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, was all written off in the previous year.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% 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.

Significant estimates
There were no estimates made that were significant enough to warrant disclosure.

SOLE - O LIMITED (REGISTERED NUMBER: 07172102)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2022

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - 1 ).

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2021 2,000
Disposals (2,000 )
At 31 March 2022 -
AMORTISATION
At 1 April 2021 2,000
Eliminated on disposal (2,000 )
At 31 March 2022 -
NET BOOK VALUE
At 31 March 2022 -
At 31 March 2021 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 April 2021 5,000
Disposals (5,000 )
At 31 March 2022 -
DEPRECIATION
At 1 April 2021 4,571
Charge for year 86
Eliminated on disposal (4,657 )
At 31 March 2022 -
NET BOOK VALUE
At 31 March 2022 -
At 31 March 2021 429

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Other debtors 3,960 -

Other debtors relate solely to prepayments.

SOLE - O LIMITED (REGISTERED NUMBER: 07172102)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2022

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Taxation and social security 2,981 4,209
Other creditors 944 1,178
3,925 5,387

Included in other creditors are amounts owed to the Director, but this year he owed £3,961 (was owed £275 - 2021).

8. PROVISIONS FOR LIABILITIES
2022 2021
£    £   
Deferred tax - 81

Deferred
tax
£   
Balance at 1 April 2021 81
Provided during year (81 )
Balance at 31 March 2022 -

9. RELATED PARTY DISCLOSURES

No transactions with related parties were undertaken that required disclosure under FRS 102 section 1A small entities.

SOLE - O LIMITED

Report of the Accountants to the Director of
Sole - O Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2022 set out on pages three to ten and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Ron Joyce Ltd
Chartered Certified Accountant
18 Norham Road
Whitley Bay
Tyne and Wear
NE26 2SD


31 August 2022