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REGISTERED NUMBER: 10173383 (England and Wales)















Financial Statements For The Year Ended 31st May 2023

for

SOTE College Limited

SOTE College Limited (Registered number: 10173383)






Contents of the Financial Statements
For The Year Ended 31st May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SOTE College Limited

Company Information
For The Year Ended 31st May 2023







DIRECTORS: M J Watson
C P Sheils





REGISTERED OFFICE: 38 Northfield Road
Kings Norton
Birmingham
B30 1JH





REGISTERED NUMBER: 10173383 (England and Wales)





ACCOUNTANTS: L& S Accountancy Services
64 High Street
Belper
Derbyshire
DE56 1GF

SOTE College Limited (Registered number: 10173383)

Balance Sheet
31st May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,319 3,006

CURRENT ASSETS
Debtors 5 584 10,889
Cash at bank 21,123 11,012
21,707 21,901
CREDITORS
Amounts falling due within one year 6 12,351 10,511
NET CURRENT ASSETS 9,356 11,390
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,675

14,396

PROVISIONS FOR LIABILITIES 820 571
NET ASSETS 12,855 13,825

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 12,853 13,823
12,855 13,825

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 19th February 2024 and were signed on its behalf by:



M J Watson - Director


SOTE College Limited (Registered number: 10173383)

Notes to the Financial Statements
For The Year Ended 31st May 2023

1. STATUTORY INFORMATION

SOTE College 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.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

SOTE College Limited (Registered number: 10173383)

Notes to the Financial Statements - continued
For The Year Ended 31st May 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st June 2022 5,461
Additions 3,227
At 31st May 2023 8,688
DEPRECIATION
At 1st June 2022 2,455
Charge for year 1,914
At 31st May 2023 4,369
NET BOOK VALUE
At 31st May 2023 4,319
At 31st May 2022 3,006

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 1,250
Other debtors 584 9,639
584 10,889

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 258 643
Taxation and social security 7,753 6,986
Other creditors 4,340 2,882
12,351 10,511

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st May 2023 and 31st May 2022:

2023 2022
£    £   
C P Sheils and M J Watson
Balance outstanding at start of year 9,463 13,332
Amounts advanced - 22,131
Amounts repaid (9,463 ) (26,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 9,463

SOTE College Limited (Registered number: 10173383)

Notes to the Financial Statements - continued
For The Year Ended 31st May 2023

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

As at 31st May 2023 the company owed to its directors Mr. M. Watson and Mr. C Sheils the sum of £3,225 (2022: £0.). This amount is reyable on demand.

8. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party as no one persons holds more than 50% of the issued share capital.