1 June 2022 false No description of principal activity Taxfiler 2023.9 12595020 business:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 12595020 2022-05-31 12595020 2022-06-01 2023-05-31 12595020 business:AuditExemptWithAccountantsReport 2022-06-01 2023-05-31 12595020 business:FilletedAccounts 2022-06-01 2023-05-31 12595020 2023-05-31 12595020 business:Director1 2022-06-01 2023-05-31 12595020 business:CompanySecretary1 2022-06-01 2023-05-31 12595020 business:RegisteredOffice 2022-06-01 2023-05-31 12595020 2022-05-31 12595020 core:WithinOneYear 2023-05-31 12595020 core:WithinOneYear 2022-05-31 12595020 core:ShareCapital core:PreviouslyStatedAmount 2023-05-31 12595020 core:ShareCapital core:PreviouslyStatedAmount 2022-05-31 12595020 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2023-05-31 12595020 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2022-05-31 12595020 core:PreviouslyStatedAmount 2023-05-31 12595020 core:PreviouslyStatedAmount 2022-05-31 12595020 business:SmallEntities 2022-06-01 2023-05-31 12595020 countries:EnglandWales 2022-06-01 2023-05-31 12595020 core:ComputerEquipment 2022-06-01 2023-05-31 12595020 core:ComputerEquipment 2022-05-31 12595020 core:ComputerEquipment 2023-05-31 12595020 business:OrdinaryShareClass1 2022-06-01 2023-05-31 12595020 business:OrdinaryShareClass1 2021-06-01 2022-05-31 12595020 business:Director1 1 2022-06-01 2023-05-31 12595020 business:Director1 1 2022-05-31 12595020 business:Director1 1 2023-05-31 12595020 2021-06-01 2022-05-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 12595020 (England and Wales)
Sofa Depot Limited Unaudited accounts for the year ended 31 May 2023
Sofa Depot Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Sofa Depot Limited Company Information for the year ended 31 May 2023
Director
J Berrisford
Secretary
J Berrisford
Company Number
12595020 (England and Wales)
Registered Office
1 Cheam Close Derby England DE22 4HY
Accountants
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN
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Sofa Depot Limited Statement of financial position as at 31 May 2023
2023
2022
Notes
£
£
Fixed assets
Tangible assets
4
1,503
630
Current assets
Inventories
2,934
2,934
Debtors
5
-
5,922
Cash at bank and in hand
8,826
9,212
11,760
18,068
Creditors: amounts falling due within one year
6
(214,660)
(248,490)
Net current liabilities
(202,900)
(230,422)
Net liabilities
(201,397)
(229,792)
Capital and reserves
Called up share capital
7
2
2
Profit and loss account
(201,399)
(229,794)
Shareholders' funds
(201,397)
(229,792)
For the year ending 31 May 2023 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 4 August 2023 and were signed on its behalf by
J Berrisford Director Company Registration No. 12595020
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Sofa Depot Limited Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
Sofa Depot Limited is a private company, limited by shares, registered in England and Wales, registration number 12595020. The registered office is 1 Cheam Close, Derby, England, DE22 4HY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% reducing balance
4
Tangible fixed assets
Computer equipment
£
Cost or valuation
At cost
At 1 June 2022
816
Additions
1,082
At 31 May 2023
1,898
Depreciation
At 1 June 2022
186
Charge for the year
209
At 31 May 2023
395
Net book value
At 31 May 2023
1,503
At 31 May 2022
630
5
Debtors
2023
2022
£
£
Amounts falling due within one year
VAT
-
5,922
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Sofa Depot Limited Notes to the Accounts for the year ended 31 May 2023
6
Creditors: amounts falling due within one year
2023
2022
£
£
VAT
845
-
Trade creditors
116,377
127,151
Taxes and social security
-
3,727
Other creditors
12,684
17,245
Loans from directors
84,664
100,056
Accruals
90
311
214,660
248,490
7
Share capital
2023
2022
£
£
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
8
Loans to directors
Brought Forward
Advance/ credit
Repaid
Carried Forward
£
£
£
£
J Berrisford
Director Loan
(100,056)
132,755
117,363
(84,664)
(100,056)
132,755
117,363
(84,664)
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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