Registered number
12144604
SOFA2U LTD
Unaudited Filleted Accounts
31 December 2023
SOFA2U LTD
Registered number: 12144604
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 761 614
Current assets
Stocks 2,173 -
Debtors 4 19,150 47,221
Cash at bank and in hand 15,257 22,175
36,580 69,396
Creditors: amounts falling due within one year 5 (36,580) (53,790)
Net current assets - 15,606
Net assets 761 16,220
Capital and reserves
Called up share capital 2 2
Profit and loss account 759 16,218
Shareholder's funds 761 16,220
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Stephen Leslie Bolton
Director
Approved by the board on 3 July 2024
SOFA2U LTD
Notes to the Accounts
for the year ended 31 December 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:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2023 767
Additions 375
At 31 December 2023 1,142
Depreciation
At 1 January 2023 153
Charge for the year 228
At 31 December 2023 381
Net book value
At 31 December 2023 761
At 31 December 2022 614
4 Debtors 2023 2022
£ £
Trade debtors 19,150 47,221
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 15,878 2,525
Taxation and social security costs 2,800 14,079
Other creditors 17,902 37,186
36,580 53,790
6 Other information
SOFA2U LTD is a private company limited by shares and incorporated in England. Its registered office is:
860-862 Garratt Lane
London
SW17 0NB
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