SOTECH STUDIO LIMITED

Company Registration Number:
13906561 (England and Wales)

Unaudited statutory accounts for the year ended 28 February 2023

Period of accounts

Start date: 10 February 2022

End date: 28 February 2023

SOTECH STUDIO LIMITED

Contents of the Financial Statements

for the Period Ended 28 February 2023

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

SOTECH STUDIO LIMITED

Company Information

for the Period Ended 28 February 2023




Director: David Richard Dunkley
Stephen Paul Cragg
Isaac William Iwan Cragg
Thomas James Hamson
Registered office: Cedar Barn
White Lodge
Walgrave
Northampton
Northamptonshire
England
NN6 9PY
Company Registration Number: 13906561 (England and Wales)

SOTECH STUDIO LIMITED

Balance sheet

As at 28 February 2023


Notes
13 months to
28 Feb 2023
£
Fixed assets
Tangible assets: 4 1,452
Total fixed assets: 1,452
Current assets
Debtors: 5 6,431
Cash at bank and in hand: 2,987
Total current assets: 9,418
Prepayments and accrued income: 0
Creditors: amounts falling due within one year: 6 ( 2,482 )
Net current assets (liabilities): 6,936
Total assets less current liabilities: 8,388
Creditors: amounts falling due after more than one year: 7 ( 77,835 )
Accruals and deferred income: ( 0 )
Total net assets (liabilities): ( 69,447 )

The notes form part of these financial statements

SOTECH STUDIO LIMITED

Balance sheet continued

As at 28 February 2023


Notes
13 months to
28 Feb 2023
£
Capital and reserves
Called up share capital: 1,000
Profit and loss account: ( 70,447 )
Shareholders funds: ( 69,447 )

For the year ending 28 February 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 8 November 2023
And Signed On Behalf Of The Board By:

Name: David Richard Dunkley
Status: Director

The notes form part of these financial statements

SOTECH STUDIO LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 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

    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 policy

    Depreciation is provided at the following annual rates in order to write off each asset of it's estimated useful life;
    Office Equipment - 33% on cost

SOTECH STUDIO LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

  • 2. Employees

    13 months to
    28 Feb 2023
    Average number of employees during the period 4

SOTECH STUDIO LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

  • 3. Off balance sheet disclosure

    No

SOTECH STUDIO LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

4. Tangible assets

Office equipment Total
Cost £ £
Additions 2,082 2,082
Disposals ( 0 ) ( 0 )
Revaluations 0 0
Transfers 0 0
At 28 February 2023 2,082 2,082
Depreciation
Charge for year 630 630
On disposals ( 0 ) ( 0 )
Other adjustments 0 0
At 28 February 2023 630 630
Net book value
At 28 February 2023 1,452 1,452

SOTECH STUDIO LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

5. Debtors

13 months to
28 Feb 2023
£
Trade debtors 5,400
Prepayments and accrued income 25
Other debtors 1,006
Total 6,431
Debtors due after more than one year: 0

SOTECH STUDIO LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

6.Creditors: amounts falling due within one year note

13 months to
28 Feb 2023
£
Trade creditors 1
Taxation and social security 2,293
Accruals and deferred income 188
Total 2,482

SOTECH STUDIO LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

7.Creditors: amounts falling due after more than one year

13 months to
28 Feb 2023
£
Other creditors 77,835
Total 77,835

SOTECH STUDIO LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

8.1. Loans to Directors

Name of director receiving advance or credit: David Richard Dunkley
Description of the transaction:
unpaid share capital
Advances or credits made: 350
Balance at 28 February 2023 350

Name of director receiving advance or credit: Stephen Paul Cragg
Description of the transaction:
unpaid share capital
Advances or credits made: 350
Balance at 28 February 2023 350

SOTECH STUDIO LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

8.2. Loans to Directors

Name of director receiving advance or credit: Isaac William Iwan Cragg
Description of the transaction:
unpaid share capital
Advances or credits made: 150
Balance at 28 February 2023 150

Name of director receiving advance or credit: Thomas James Hamson
Description of the transaction:
unpaid share capital
Advances or credits made: 150
Balance at 28 February 2023 150

All the loans were repaid within 9 months of the year end.

SOTECH STUDIO LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

9.1.Related party disclosures

Name of related party: Ichnolites Limited
Description of relationship:
Ichnolites Limited is a company owned by the directors, Mr D Dunkley and Mr S Cragg.
Description of the transaction:
During the year Ichnolites Limited loaned Sotech Studio Limited £75000. The transaction was at arms length and interest is being charged at commercial rates.
Balance at 28 February 2023 77,835