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REGISTERED NUMBER: 07187085 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Sorella Spa Ltd

Sorella Spa Ltd (Registered number: 07187085)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sorella Spa Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs J Scourfield
Mrs J Ackrill
Ms R Skuse





REGISTERED OFFICE: The Conifers Stone Lane
Lydiard Millicent
Swindon
Wiltshire
SN5 3LD





REGISTERED NUMBER: 07187085 (England and Wales)





ACCOUNTANTS: S J Haydon
The Conifers Stone Lane
Lydiard Millicent
Swindon
SN5 3LD

Sorella Spa Ltd (Registered number: 07187085)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 5,945 6,842
5,945 6,842

CURRENT ASSETS
Stocks 1,078 1,325
Debtors 6 2,813 2,453
Cash at bank and in hand 33,844 29,464
37,735 33,242
CREDITORS
Amounts falling due within one year 7 42,532 38,689
NET CURRENT LIABILITIES (4,797 ) (5,447 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,148

1,395

PROVISIONS FOR LIABILITIES 1,129 1,300
NET ASSETS 19 95

CAPITAL AND RESERVES
Called up share capital 72 72
Retained earnings (53 ) 23
SHAREHOLDERS' FUNDS 19 95

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Sorella Spa Ltd (Registered number: 07187085)

Balance Sheet - continued
31 March 2024


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 11 April 2024 and were signed on its behalf by:





Mrs J Scourfield - Director


Sorella Spa Ltd (Registered number: 07187085)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Sorella Spa Ltd 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Sorella Spa Ltd (Registered number: 07187085)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 15,000
AMORTISATION
At 1 April 2023
and 31 March 2024 15,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 24,268
Additions 1,084
At 31 March 2024 25,352
DEPRECIATION
At 1 April 2023 17,426
Charge for year 1,981
At 31 March 2024 19,407
NET BOOK VALUE
At 31 March 2024 5,945
At 31 March 2023 6,842

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 7 486
Other debtors 2,806 1,967
2,813 2,453

Sorella Spa Ltd (Registered number: 07187085)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 20,497 19,611
Taxation and social security 14,900 10,807
Other creditors 7,135 8,271
42,532 38,689

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Mrs J Scourfield
Balance outstanding at start of year (31 ) (5,031 )
Amounts advanced 207 5,000
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 176 (31 )

Mrs J Ackrill
Balance outstanding at start of year (31 ) (5,031 )
Amounts advanced 210 5,000
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 179 (31 )

9. RELATED PARTY DISCLOSURES

The controlling party is the directors.

The ultimate controlling party is the directors.