Registered number
06975832
Soseg Ltd
Filleted Accounts
31 July 2023
Soseg Ltd
Registered number: 06975832
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,365 1,820
Current assets
Debtors 4 13,362 10,193
Creditors: amounts falling due within one year 5 (9,280) (11,889)
Net current assets/(liabilities) 4,082 (1,696)
Net assets 5,447 124
Capital and reserves
Called up share capital 1 1
Profit and loss account 5,446 123
Shareholders' funds 5,447 124
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Gabriel Solomon
Director
Approved by the board on 20 March 2024
Soseg Ltd
Notes to the Accounts
for the year ended 31 July 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 -
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2022 5,035
At 31 July 2023 5,035
Depreciation
At 1 August 2022 3,215
Charge for the year 455
At 31 July 2023 3,670
Net book value
At 31 July 2023 1,365
At 31 July 2022 1,820
4 Debtors 2023 2022
£ £
CIS Deducted 13,362 10,193
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 7,856 9,931
Taxation and social security costs 687 1,172
Other creditors 737 786
9,280 11,889
6 Other information
Soseg Ltd is a private company limited by shares and incorporated in England. Its registered office is:
43 Langholm Close
London
England
SW12 0BD
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