2022-09-012023-08-312023-08-31false12796605LONDON SOO 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LONDON SOO LIMITED

Registered Number
12796605
(England and Wales)

Unaudited Financial Statements for the Year ended
31 August 2023

LONDON SOO LIMITED
Company Information
for the year from 1 September 2022 to 31 August 2023

Director

SHIN, Hyesoo

Registered Address

Flat 8 Great Eastern Road
London
E15 1DX

Registered Number

12796605 (England and Wales)
LONDON SOO LIMITED
Balance Sheet as at
31 August 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets5700-
700-
Current assets
Stocks16,7768,113
Debtors75,07671,973
Cash at bank and on hand26,25641,942
118,108122,028
Creditors amounts falling due within one year8(118,497)(121,641)
Net current assets (liabilities)(389)387
Total assets less current liabilities311387
Net assets311387
Capital and reserves
Profit and loss account311387
Shareholders' funds311387
The financial statements were approved and authorised for issue by the Director on 5 November 2023, and are signed on its behalf by:
SHIN, Hyesoo
Director
Registered Company No. 12796605
LONDON SOO LIMITED
Notes to the Financial Statements
for the year ended 31 August 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Stocks policy
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Taxation policy
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
4.Employee information

20232022
Average number of employees during the year11
5.Property, plant and equipment

Total

£
Cost or valuation
Additions1,008
At 31 August 231,008
Depreciation and impairment
Charge for year308
At 31 August 23308
Net book value
At 31 August 23700
At 31 August 22-
6.Description of nature of transactions and balances with related parties
At the balance sheet date, the company owed £40,875 (2022 - £43,427) to Ms H Shin, the director.
7.Debtors within one year

2023

2022

££
Trade debtors / trade receivables54,22152,785
Other debtors20,74719,188
Prepayments and accrued income108-
Total75,07671,973
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
8.Creditors within one year

2023

2022

££
Trade creditors / trade payables57,74851,498
Taxation and social security13,77015,571
Other creditors42,87549,428
Accrued liabilities and deferred income4,1045,144
Total118,497121,641
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.