Registration number:
SOR Services (UK) Limited
for the Year Ended 31 December 2022
SOR Services (UK) Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Financial Statements |
SOR Services (UK) Limited
Company Information
Director |
Mr Steven Richard Hodkin |
Registered office |
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Auditors |
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SOR Services (UK) Limited
(Registration number: 02681177)
Balance Sheet as at 31 December 2022
Note |
2022 |
2021 |
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Fixed assets |
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Intangible assets |
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Tangible assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Provisions for liabilities |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
1,000 |
1,000 |
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Retained earnings |
14,732 |
19,569 |
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Shareholders' funds |
15,732 |
20,569 |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
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SOR Services (UK) Limited
Notes to the Financial Statements for the Year Ended 31 December 2022
General information |
The company is a private company limited by share capital, incorporated in England & Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The financial statements are presented in sterling which is the financial currency of the company and rounded to the nearest £1.
Audit report
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Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,value added tax and other sales taxes.
Turnover from contracts for the provision of professional services is recognised by reference to the stage of
completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The
stage of completion is calculated by comparing costs incurred as a proportion of total costs. Where the outcome cannot be estimated reliably, turnover is recognised only to the extent of the expenses recognised that it is probably will be recovered.
SOR Services (UK) Limited
Notes to the Financial Statements for the Year Ended 31 December 2022 (continued)
2 |
Accounting policies (continued) |
Tax
The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Computer Equipment |
Straight line over 5 Years |
Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:
Asset class |
Amortisation method and rate |
Computer Software |
Straight line over its useful life of three years |
Going concern
The Director has a reasonable expectation that the entity has adequate resources to continue in operational existence for the foreseeable future and continues to be supported by Scientology International Reserve Trust, a related party. The entity therefore continues to adopt the going concern basis in preparing its financial statements.
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
SOR Services (UK) Limited
Notes to the Financial Statements for the Year Ended 31 December 2022 (continued)
Intangible assets |
Other Intangible Assets |
Total |
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Cost or valuation |
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At 1 January 2022 |
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At 31 December 2022 |
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Amortisation |
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At 1 January 2022 |
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Amortisation charge |
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At 31 December 2022 |
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Carrying amount |
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At 31 December 2022 |
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At 31 December 2021 |
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SOR Services (UK) Limited
Notes to the Financial Statements for the Year Ended 31 December 2022 (continued)
Tangible assets |
Plant & machinery etc. |
Total |
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Cost or valuation |
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At 1 January 2022 |
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At 31 December 2022 |
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Depreciation |
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At 1 January 2022 |
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Charge for the year |
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At 31 December 2022 |
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Carrying amount |
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At 31 December 2022 |
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At 31 December 2021 |
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Debtors |
Current |
2022 |
2021 |
Trade debtors |
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Other debtors |
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SOR Services (UK) Limited
Notes to the Financial Statements for the Year Ended 31 December 2022 (continued)
Creditors |
Creditors: amounts falling due within one year
2022 |
2021 |
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Due within one year |
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Accruals and deferred income |
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Other creditors |
- |
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Share capital |
Allotted, called up and fully paid shares
2022 |
2021 |
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No. |
£ |
No. |
£ |
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1,000 |
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1,000 |
Obligations under leases and hire purchase contracts |
Operating leases
The total of future minimum lease payments is as follows:
2022 |
2021 |
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Not later than one year |
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Later than one year and not later than five years |
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Related party transactions |
Rental charges of £1,350 (2021: £1,768) were payable to the ultimate holding company. Other transactions with the ultimate holding company include costs within administrative expenses of £nil (2021: £1,820).
In the year a director of the company made a contrbituion to the company for accrued expenses of £4,540. These expenses had been paid by the director on behalf of the company in prior years and the costs had been accrued in the accounts. It was agreed that they would 'gift' these costs to the company. The amount is included within sales.
SOR Services (UK) Limited
Notes to the Financial Statements for the Year Ended 31 December 2022 (continued)
Parent and ultimate parent undertaking |
The company's immediate parent is
These financial statements are available upon request from Companies House (UK). Its registered address is 225 Pulteney Street, Adelaide, South Australia 5000, Australia.