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
Sofa Depot Limited
Company Information
for the year ended 31 May 2023
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
Sofa Depot Limited
Statement of financial position
as at 31 May 2023
Cash at bank and in hand
8,826
9,212
Creditors: amounts falling due within one year
(214,660)
(248,490)
Net current liabilities
(202,900)
(230,422)
Net liabilities
(201,397)
(229,792)
Called up share capital
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
Sofa Depot Limited
Notes to the Accounts
for the year ended 31 May 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
Amounts falling due within one year
Sofa Depot Limited
Notes to the Accounts
for the year ended 31 May 2023
6
Creditors: amounts falling due within one year
2023
2022
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
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
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).