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Registered Number: 11475622
England and Wales

 

 

 

RATES SOS LTD


Unaudited Filleted Financial Statements
 


Period of accounts

Start date: 01 August 2022

End date: 31 July 2023
Directors Martin Bouette
Ian Elwick
Registered Number 11475622
Registered Office Werks Central
15 - 17 Middle Street
Brighton
East Sussex
BN1 1AL
Accountants Acorn Financial Solutions Ltd
99 Brentwood Road
Brighton
East Sussex
BN1 7ET
Secretary Martin Bouette
1
  2023   2022
    £ £   £ £
Current assets 2,696      8,180   
Creditors: amount falling due within one year (2,220)     (6,918)  
Net current assets   476      1,262 
Total assets less current liabilities   476      1,262 
Creditors: amount falling due after more than one year   (2,485)     (480)
Net liabilities   (2,009)     782 
 

         
Capital and reserves   (2,009)     782 
 
NOTES TO THE ACCOUNTS

General Information
RATES SOS LTD is a private company, limited by shares, registered in England and Wales, registration number 11475622, registration address Werks Central, 15 - 17 Middle Street, Brighton, East Sussex, BN1 1AL.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
2.

Average number of employees

Average number of employees during the year was 2 (2022 : 3).

3.

Related parties

During the year the company entered into the following transactions with related parties:
Amount due from/to related party Provision for doubtful debt from the related party
2023
£
 2022
£
 2023
£
 2022
£
Creative Werkplaces Limited635 325 
Werk Hubs Limited2,956 5,815 
Werks Collaborations Limited1,600 480 

Creative Werkplaces Ltd owes the company for operating costs it has covered in the year. This is being repaid monthly.
Werk Hubs Limited owes the company for costs involved in running daily operation tasks.
Werks Collaborations Ltd owes the company for tasks completed in running daily operations.

For the year ended 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' Responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.

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.

These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 28 March 2024 and were signed on its behalf by:


--------------------------------
Martin Bouette
Director
2