2022-03-012023-02-282023-02-28false10607738SOLES AND TOES 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SOLES AND TOES LIMITED

Registered Number
10607738
(England and Wales)

Unaudited Financial Statements for the Year ended
28 February 2023

SOLES AND TOES LIMITED
Company Information
for the year from 1 March 2022 to 28 February 2023

Directors

MALANDA, Emmanuel Ngebeni
THOMPSON-MALANDA, Nadine

Registered Address

Unit C Anchor House School Lane
Chandler's Ford
Eastleigh
SO53 4DY

Registered Number

10607738 (England and Wales)
SOLES AND TOES LIMITED
Balance Sheet as at
28 February 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets53,6013,553
3,6013,553
Current assets
Stocks1,500600
Debtors1,853792
Cash at bank and on hand6,8367,265
10,1898,657
Creditors amounts falling due within one year8(45,331)(41,285)
Net current assets (liabilities)(35,142)(32,628)
Total assets less current liabilities(31,541)(29,075)
Creditors amounts falling due after one year(3,150)(5,949)
Net assets(34,691)(35,024)
Capital and reserves
Called up share capital1,0001,000
Profit and loss account(35,691)(36,024)
Shareholders' funds(34,691)(35,024)
The financial statements were approved and authorised for issue by the Board of Directors on 4 September 2023, and are signed on its behalf by:
THOMPSON-MALANDA, Nadine
Director
Registered Company No. 10607738
SOLES AND TOES LIMITED
Notes to the Financial Statements
for the year ended 28 February 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. Turnover includes revenue earned from the sale of goods and from the rendering of services.
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:

Straight line (years)
Plant and machinery25
Fixtures and fittings10
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 rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Going concern
Assurances have been obtained from the directors that the company will continue to operate in the foreseeable future and will be able to meet its liabilities as and when they fall due.
4.Employee information

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

Total

£
Cost or valuation
At 01 March 2217,700
Additions549
At 28 February 2318,249
Depreciation and impairment
At 01 March 2214,147
Charge for year501
At 28 February 2314,648
Net book value
At 28 February 233,601
At 28 February 223,553
6.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
THOMPSON-MALANDA, Nadine40,5779,60510,14440,038
40,5779,60510,14440,038
7.Debtors within one year

2023

2022

££
Trade debtors / trade receivables1,853792
Total1,853792
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 payables-28
Bank borrowings and overdrafts1,400-
Amounts owed to related parties40,03940,577
Taxation and social security3,094-
Accrued liabilities and deferred income798680
Total45,33141,285
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.