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Company Registration No. 09098756 (England and Wales)
THE SOLE SUPPLIER LIMITED Unaudited accounts for the year ended 30 June 2023
THE SOLE SUPPLIER LIMITED Unaudited accounts Contents
Page
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THE SOLE SUPPLIER LIMITED Company Information for the year ended 30 June 2023
Director
Mr George Sullivan
Company Number
09098756 (England and Wales)
Registered Office
86-90 PAUL STREET 3RD FLOOR LONDON ENGLAND
Accountants
Arth Limited 655 Milton Keynes Business Centre Foxhunter Drive Milton Keynes Buckinghamshire MK14 6GD
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THE SOLE SUPPLIER LIMITED Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
168,675 
519,077 
Tangible assets
21,494 
21,923 
190,169 
541,000 
Current assets
Debtors
1,503,182 
1,094,107 
Investments
17,974 
110,657 
Cash at bank and in hand
746,818 
1,008,551 
2,267,974 
2,213,315 
Creditors: amounts falling due within one year
(738,450)
(712,068)
Net current assets
1,529,524 
1,501,247 
Total assets less current liabilities
1,719,693 
2,042,247 
Creditors: amounts falling due after more than one year
(416,452)
(581,404)
Provisions for liabilities
Deferred tax
(102,790)
(102,790)
Net assets
1,200,451 
1,358,053 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
1,200,351 
1,357,953 
Shareholders' funds
1,200,451 
1,358,053 
For the year ending 30 June 2023 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 January 2024 and were signed on its behalf by
Mr George Sullivan Director Company Registration No. 09098756
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THE SOLE SUPPLIER LIMITED Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
THE SOLE SUPPLIER LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09098756. The registered office is 86-90 PAUL STREET, 3RD FLOOR, LONDON, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Sale of goods Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods. Rendering of services 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Intangible fixed assets
Web development is amortised to profit and loss account over its estimated economic life of four years.
Research and development
Expenditure on research and development is written off in the year it is incurred, or where considered appropriate some R&D expenditure is also capitalised within intangible assets
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THE SOLE SUPPLIER LIMITED Notes to the Accounts for the year ended 30 June 2023
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & fittings
25% reducing balance basis
Computer equipment
25% reducing balance basis
Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 July 2022
2,170,269 
At 30 June 2023
2,170,269 
Amortisation
At 1 July 2022
1,651,192 
Charge for the year
350,402 
At 30 June 2023
2,001,594 
Net book value
At 30 June 2023
168,675 
At 30 June 2022
519,077 
5
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2022
33,844 
66,821 
100,665 
Additions
10,123 
583 
10,706 
At 30 June 2023
43,967 
67,404 
111,371 
Depreciation
At 1 July 2022
27,025 
51,717 
78,742 
Charge for the year
5,224 
5,911 
11,135 
At 30 June 2023
32,249 
57,628 
89,877 
Net book value
At 30 June 2023
11,718 
9,776 
21,494 
At 30 June 2022
6,819 
15,104 
21,923 
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THE SOLE SUPPLIER LIMITED Notes to the Accounts for the year ended 30 June 2023
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due after more than one year
Trade debtors
63,110 
54,777 
Amounts due from group undertakings etc.
128,710 
110,545 
Accrued income and prepayments
1,227,783 
876,652 
Other debtors
83,579 
52,133 
1,503,182 
1,094,107 
7
Investments held as current assets
2023 
2022 
£ 
£ 
Listed investments
17,500 
105,968 
Unlisted investments
474 
4,689 
17,974 
110,657 
8
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
590,508 
150,234 
VAT
175,658 
264,305 
Trade creditors
25,807 
89,492 
Taxes and social security
(115,735)
128,428 
Other creditors
69,531 
50,907 
Loans from directors
(21,847)
28,702 
Accruals
14,528 
- 
738,450 
712,068 
9
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
416,452 
581,404 
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THE SOLE SUPPLIER LIMITED Notes to the Accounts for the year ended 30 June 2023
10
Deferred taxation
2023 
2022 
£ 
£ 
Accelerated capital allowances
102,790 
102,790 
2023 
2022 
£ 
£ 
Provision at start of year
102,790 
193,726 
Credited to the profit and loss account
- 
(90,936)
Provision at end of year
102,790 
102,790 
The provision for deferred taxation is made up of accelerated capital allowances on fixed assets. No deferred tax asset has been introduced in respect of tax losses carried forward in respect of R&D claims at this stage, as this should only be introduced once it is apparent that future expected profits in the sort term will be sufficient to eliminate the brought forward tax losses, in accordance with FRS102. Had the deferred tax asset been included in the accounts the figure would have been £XXX (2022 £145,096) at 19% although ignoring the new 25% & marginal rates pending.
11
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Mr George Sullivan
- 
21,847 
- 
21,847 
- 
21,847 
- 
21,847 
The above loan is unsecured, interest free and repayable on demand.
12
Controlling party
The company's ultimate controlling party is director by virtue of his ownership of 100% of the issued share capital in the company.
13
Average number of employees
During the year the average number of employees was 47 (2022: 47).
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