SOVEREIGN TECHNICAL SERVICES LTD

Company Registration Number:
13530967 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2023

Period of accounts

Start date: 01 August 2022

End date: 31 July 2023

SOVEREIGN TECHNICAL SERVICES LTD

Contents of the Financial Statements

for the Period Ended 31 July 2023

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 10

SOVEREIGN TECHNICAL SERVICES LTD

Company Information

for the Period Ended 31 July 2023




Director: Daniel Hurst
Suzanne Hurst
Registered office: Brampton House
10 Queen Street
Newcastle Under Lyme
Staffordshire
England
ST5 1ED
Company Registration Number: 13530967 (England and Wales)

SOVEREIGN TECHNICAL SERVICES LTD

Balance sheet

As at 31 July 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 5 993 1,985
Total fixed assets: 993 1,985
Current assets
Stocks: 51,552 42,049
Debtors: 6 2,561 14,315
Cash at bank and in hand: 114,903 67,853
Total current assets: 169,016 124,217
Prepayments and accrued income: 1,854 1,967
Creditors: amounts falling due within one year: 7 ( 66,421 ) ( 53,488 )
Net current assets (liabilities): 104,449 72,696
Total assets less current liabilities: 105,442 74,681
Provision for liabilities: ( 248 )
Accruals and deferred income: ( 798 ) ( 7,916 )
Total net assets (liabilities): 104,396 66,765

The notes form part of these financial statements

SOVEREIGN TECHNICAL SERVICES LTD

Balance sheet continued

As at 31 July 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 104,296 66,665
Shareholders funds: 104,396 66,765

For the year ending 31 July 2023 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 22 October 2023
And Signed On Behalf Of The Board By:

Name: Daniel Hurst
Status: Director

Name: Suzanne Hurst
Status: Director

The notes form part of these financial statements

SOVEREIGN TECHNICAL SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    The turnover represents amounts receivable for goods and services net of VAT and trade discounts

    Tangible fixed assets depreciation policy

    Annual depreciation of computer equipment is calculated at 3 years on cost to write off the cost of the asset, less its residual value, over its estimated useful economic lifetime'.

SOVEREIGN TECHNICAL SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 7 2

SOVEREIGN TECHNICAL SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 3. Off balance sheet disclosure

    No

SOVEREIGN TECHNICAL SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

4. Dividends


2023
£

2022
£
Dividends paid 80,000 48,000

Dividends paid to directors in the year were £80,000 (2022: £48,000).

SOVEREIGN TECHNICAL SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

5. Tangible assets

Office equipment Total
Cost £ £
At 01 August 2022 2,978 2,978
Additions - -
Disposals - -
Revaluations - -
Transfers - -
At 31 July 2023 2,978 2,978
Depreciation
At 01 August 2022 993 993
Charge for year 992 992
On disposals - -
Other adjustments - -
At 31 July 2023 1,985 1,985
Net book value
At 31 July 2023 993 993
At 31 July 2022 1,985 1,985

SOVEREIGN TECHNICAL SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

6. Debtors


2023
£

2022
£
Trade debtors 2,561 14,315
Total 2,561 14,315

SOVEREIGN TECHNICAL SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

7.Creditors: amounts falling due within one year note


2023
£

2022
£
Trade creditors 576
Taxation and social security 55,955 47,565
Other creditors 9,890 5,923
Total 66,421 53,488