Sort And Report Ltd 08276091 false 2022-11-01 2023-10-31 2023-10-31 The principal activity of the company is the supply of medical records collation Digita Accounts Production Advanced 6.30.9574.0 true true 08276091 2022-11-01 2023-10-31 08276091 2023-10-31 08276091 bus:OrdinaryShareClass1 2023-10-31 08276091 core:CurrentFinancialInstruments 2023-10-31 08276091 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 08276091 core:Non-currentFinancialInstruments 2023-10-31 08276091 core:Non-currentFinancialInstruments core:AfterOneYear 2023-10-31 08276091 core:FurnitureFittingsToolsEquipment 2023-10-31 08276091 bus:SmallEntities 2022-11-01 2023-10-31 08276091 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 08276091 bus:FilletedAccounts 2022-11-01 2023-10-31 08276091 bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 08276091 bus:RegisteredOffice 2022-11-01 2023-10-31 08276091 bus:Director1 2022-11-01 2023-10-31 08276091 bus:OrdinaryShareClass1 2022-11-01 2023-10-31 08276091 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 08276091 core:OfficeEquipment 2022-11-01 2023-10-31 08276091 countries:AllCountries 2022-11-01 2023-10-31 08276091 2022-10-31 08276091 core:FurnitureFittingsToolsEquipment 2022-10-31 08276091 2021-11-01 2022-10-31 08276091 2022-10-31 08276091 bus:OrdinaryShareClass1 2022-10-31 08276091 core:CurrentFinancialInstruments 2022-10-31 08276091 core:CurrentFinancialInstruments core:WithinOneYear 2022-10-31 08276091 core:Non-currentFinancialInstruments 2022-10-31 08276091 core:Non-currentFinancialInstruments core:AfterOneYear 2022-10-31 08276091 core:FurnitureFittingsToolsEquipment 2022-10-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 08276091

Sort And Report Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 October 2023

 

Sort And Report Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Sort And Report Ltd

Company Information

Director

Mrs E Corby

Registered office

30 Castle Row
Canterbury
Kent
CT1 2QY

Accountants

Burgess Accountancy Services
Accountant
46-47 The Strand
Walmer
Deal
Kent
CT14 7DX

 

Sort And Report Ltd

(Registration number: 08276091)
Balance Sheet as at 31 October 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

1

1

Current assets

 

Debtors

5

1,044

2,912

Cash at bank and in hand

 

57

-

 

1,101

2,912

Creditors: Amounts falling due within one year

6

(8,450)

(12,183)

Net current liabilities

 

(7,349)

(9,271)

Total assets less current liabilities

 

(7,348)

(9,270)

Creditors: Amounts falling due after more than one year

6

(2,533)

(4,133)

Net liabilities

 

(9,881)

(13,403)

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

(9,981)

(13,503)

Shareholders' deficit

 

(9,881)

(13,403)

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

Director's 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; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 19 July 2024
 

 

Sort And Report Ltd

(Registration number: 08276091)
Balance Sheet as at 31 October 2023

.........................................
Mrs E Corby
Director

 

Sort And Report Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
30 Castle Row
Canterbury
Kent
CT1 2QY

These financial statements were authorised for issue by the director on 19 July 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Sort And Report Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

10% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

 

Sort And Report Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

Sort And Report Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 November 2022

1,427

1,427

At 31 October 2023

1,427

1,427

Depreciation

At 1 November 2022

1,426

1,426

At 31 October 2023

1,426

1,426

Carrying amount

At 31 October 2023

1

1

At 31 October 2022

1

1

5

Debtors

Current

2023
£

2022
£

Trade debtors

1,044

2,912

 

1,044

2,912

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

8

1,600

5,006

Trade creditors

 

-

1,920

Taxation and social security

 

3,741

2,239

Accruals and deferred income

 

2,040

2,040

Other creditors

 

1,069

978

 

8,450

12,183

Creditors: amounts falling due after more than one year

 

Sort And Report Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

8

2,533

4,133

7

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

       

8

Loans and borrowings

Non-current loans and borrowings

2023
£

2022
£

Bank borrowings

2,533

4,133

Current loans and borrowings

2023
£

2022
£

Bank borrowings

1,600

1,600

Bank overdrafts

-

3,406

1,600

5,006

9

Dividends

2023

2022

£

£

Interim dividend of £55.00 (2022 - £Nil) per ordinary share

5,500

-

 

 

10

Related party transactions

 

Sort And Report Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

Director's remuneration

The director's remuneration for the year was as follows:

2023
£

2022
£

Remuneration

12,600

10,672