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REGISTERED NUMBER: 05892008 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 JULY 2023

FOR

SOARING WORLDWIDE LIMITED

SOARING WORLDWIDE LIMITED (REGISTERED NUMBER: 05892008)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SOARING WORLDWIDE LIMITED

COMPANY INFORMATION
for the year ended 31 July 2023







DIRECTOR: A Baggs





REGISTERED OFFICE: Swatton Barn
Badbury
Swindon
Wiltshire
SN4 0EU





REGISTERED NUMBER: 05892008 (England and Wales)





ACCOUNTANTS: d&t
Chartered Accountants
Swatton Barn
Badbury
Swindon
Wiltshire
SN4 0EU

SOARING WORLDWIDE LIMITED (REGISTERED NUMBER: 05892008)

BALANCE SHEET
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,538 693

CURRENT ASSETS
Debtors 5 14,721 7,460
Cash at bank and in hand 45,868 52,410
60,589 59,870
CREDITORS
Amounts falling due within one year 6 34,838 31,765
NET CURRENT ASSETS 25,751 28,105
TOTAL ASSETS LESS CURRENT
LIABILITIES

28,289

28,798

CREDITORS
Amounts falling due after more than one
year

7

(11,945

)

(17,954

)

PROVISIONS FOR LIABILITIES (483 ) (132 )
NET ASSETS 15,861 10,712

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 15,761 10,612
SHAREHOLDERS' FUNDS 15,861 10,712

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 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.

SOARING WORLDWIDE LIMITED (REGISTERED NUMBER: 05892008)

BALANCE SHEET - continued
31 July 2023


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 1 November 2023 and were signed by:





A Baggs - Director


SOARING WORLDWIDE LIMITED (REGISTERED NUMBER: 05892008)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 July 2023

1. STATUTORY INFORMATION

Soaring Worldwide 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 etc - 33% straight line basis and 25% straight line basis

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.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of lease

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

SOARING WORLDWIDE LIMITED (REGISTERED NUMBER: 05892008)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022 7,006
Additions 2,930
Disposals (1,322 )
At 31 July 2023 8,614
DEPRECIATION
At 1 August 2022 6,313
Charge for year 1,051
Eliminated on disposal (1,288 )
At 31 July 2023 6,076
NET BOOK VALUE
At 31 July 2023 2,538
At 31 July 2022 693

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 14,065 6,400
Other debtors 656 1,060
14,721 7,460

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 6,009 5,861
Trade creditors 600 -
Taxation and social security 19,815 19,156
Other creditors 8,414 6,748
34,838 31,765

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 11,945 17,954

SOARING WORLDWIDE LIMITED (REGISTERED NUMBER: 05892008)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2023

8. RELATED PARTY DISCLOSURES

Unless otherwise disclosed, all related party transactions have been conducted under normal market
conditions, including dividend payments to it's shareholders.