Company Registration No. 09342209 (England and Wales)
Sophia Investments Limited
Unaudited accounts
for the year ended 31 March 2023
Sophia Investments Limited
Unaudited accounts
Contents
Sophia Investments Limited
Company Information
for the year ended 31 March 2023
Directors
Hasnain Fida Hussein Fazal
Hussein Hasnain Fidahussein Fazal
Shabira Hasnain Fazal
Company Number
09342209 (England and Wales)
Registered Office
KEYS COURT 82-84 MOSELEY STREET
DIGBETH
BIRMINGHAM
B12 0RT
Accountants
Manor Hill Accountants
305 Baldwins Lane
Hall Green
Birmingham
West Midlands
B28 0RG
Sophia Investments Limited
Statement of financial position
as at 31 March 2023
Tangible assets
907,906
1,036,261
Cash at bank and in hand
252,416
124,640
Creditors: amounts falling due within one year
(1,847,197)
(1,890,481)
Net current liabilities
(551,118)
(657,251)
Total assets less current liabilities
356,788
379,010
Creditors: amounts falling due after more than one year
(37,577)
(48,432)
Provisions for liabilities
Other provisions
(15,571)
(15,571)
Net assets
303,640
315,007
Called up share capital
100
100
Revaluation reserve
133,014
133,014
Profit and loss account
170,526
181,893
Shareholders' funds
303,640
315,007
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 November 2023 and were signed on its behalf by
Hasnain Fida Hussein Fazal
Director
Company Registration No. 09342209
Sophia Investments Limited
Notes to the Accounts
for the year ended 31 March 2023
Sophia Investments Limited is a private company, limited by shares, registered in England and Wales, registration number 09342209. The registered office is KEYS COURT 82-84 MOSELEY STREET, DIGBETH, BIRMINGHAM, B12 0RT.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% Reducing balance
Motor vehicles
20% Reducing balance
Fixtures & fittings
15% Reducing balance
Computer equipment
15% Reducing balance
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2022
877,414
278,294
39,499
1,195,207
Additions
10,000
20,658
-
30,658
Disposals
-
(241,637)
(39,499)
(281,136)
At 31 March 2023
887,414
57,315
-
944,729
At 1 April 2022
-
141,871
17,075
158,946
Charge for the year
-
3,616
-
3,616
On disposals
-
(108,664)
(17,075)
(125,739)
At 31 March 2023
-
36,823
-
36,823
At 31 March 2023
887,414
20,492
-
907,906
At 31 March 2022
877,414
136,423
22,424
1,036,261
Sophia Investments Limited
Notes to the Accounts
for the year ended 31 March 2023
Amounts falling due within one year
Trade debtors
1,037,663
214,922
Other debtors
6,000
23,271
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
193,051
214,302
Trade creditors
98,561
167,260
Taxes and social security
15,440
14,065
Other creditors
1,270,516
1,296,363
Loans from directors
12,927
7,925
Deferred income
70,000
70,000
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).