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REGISTERED NUMBER: 07791214 (England and Wales)











Unaudited Financial Statements

for the Year Ended 30 September 2023

for

SOLE CONCEPTS LIMITED

SOLE CONCEPTS LIMITED (REGISTERED NUMBER: 07791214)






Contents of the Financial Statements
FOR THE YEAR ENDED 30 SEPTEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SOLE CONCEPTS LIMITED

Company Information
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: R D'Urso
G D'Urso





REGISTERED OFFICE: First Floor
94-96 High Street
Hoddesdon
Hertfordshire
EN11 8HD





REGISTERED NUMBER: 07791214 (England and Wales)





ACCOUNTANTS: Marchant Lewis Limited
105a Caversham Avenue
London
N13 4LL

SOLE CONCEPTS LIMITED (REGISTERED NUMBER: 07791214)

Balance Sheet
30 SEPTEMBER 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,113 4,101

CURRENT ASSETS
Debtors 5 55,059 46,931
Cash at bank 25,079 4,616
80,138 51,547
CREDITORS
Amounts falling due within one year 6 25,754 16,901
NET CURRENT ASSETS 54,384 34,646
TOTAL ASSETS LESS CURRENT
LIABILITIES

59,497

38,747

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 59,496 38,746
SHAREHOLDERS' FUNDS 59,497 38,747

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

SOLE CONCEPTS LIMITED (REGISTERED NUMBER: 07791214)

Balance Sheet - continued
30 SEPTEMBER 2023


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 2 February 2024 and were signed on its behalf by:





G D'Urso - Director


SOLE CONCEPTS LIMITED (REGISTERED NUMBER: 07791214)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1. STATUTORY INFORMATION

Sole Concepts 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.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on cost

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 6 ) .

SOLE CONCEPTS LIMITED (REGISTERED NUMBER: 07791214)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 October 2022 3,292 9,589 12,881
Additions 3,650 642 4,292
At 30 September 2023 6,942 10,231 17,173
DEPRECIATION
At 1 October 2022 2,125 6,655 8,780
Charge for year 722 2,558 3,280
At 30 September 2023 2,847 9,213 12,060
NET BOOK VALUE
At 30 September 2023 4,095 1,018 5,113
At 30 September 2022 1,167 2,934 4,101

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 55,059 32,074
Other debtors - 14,857
55,059 46,931

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Tax 2,391 -
Social security and other taxes 17,273 14,631
Other creditors 3,690 -
Accrued expenses 2,400 2,270
25,754 16,901