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REGISTERED NUMBER: 08895363 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

SOARSOFT INTERNATIONAL LTD

SOARSOFT INTERNATIONAL LTD (REGISTERED NUMBER: 08895363)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SOARSOFT INTERNATIONAL LTD

COMPANY INFORMATION
for the Year Ended 29 FEBRUARY 2024







DIRECTORS: G Amoils
C F Hathaway





REGISTERED OFFICE: 88 North Street
Hornchurch
Essex
RM11 1SR





REGISTERED NUMBER: 08895363 (England and Wales)





ACCOUNTANTS: Lipson & Co
88 North Street
Hornchurch
Essex
RM11 1SR

SOARSOFT INTERNATIONAL LTD (REGISTERED NUMBER: 08895363)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 158,345 44,702
Investments 5 99,238 99,238
257,583 143,940

CURRENT ASSETS
Debtors 6 492,231 305,433
Cash at bank 230,992 186,879
723,223 492,312
CREDITORS
Amounts falling due within one year 7 360,779 101,941
NET CURRENT ASSETS 362,444 390,371
TOTAL ASSETS LESS CURRENT
LIABILITIES

620,027

534,311

CREDITORS
Amounts falling due after more than one
year

8

26,667

36,667
NET ASSETS 593,360 497,644

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 593,358 497,642
SHAREHOLDERS' FUNDS 593,360 497,644

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

SOARSOFT INTERNATIONAL LTD (REGISTERED NUMBER: 08895363)

BALANCE SHEET - continued
29 FEBRUARY 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 3 July 2024 and were signed on its behalf by:




G Amoils - Director



C F Hathaway - Director


SOARSOFT INTERNATIONAL LTD (REGISTERED NUMBER: 08895363)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Soarsoft International 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.

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

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.

3. EMPLOYEES AND DIRECTORS

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

SOARSOFT INTERNATIONAL LTD (REGISTERED NUMBER: 08895363)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 FEBRUARY 2024

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 March 2023 67,382
Additions 166,426
At 29 February 2024 233,808
DEPRECIATION
At 1 March 2023 22,680
Charge for year 52,783
At 29 February 2024 75,463
NET BOOK VALUE
At 29 February 2024 158,345
At 28 February 2023 44,702

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 March 2023
and 29 February 2024 99,238
NET BOOK VALUE
At 29 February 2024 99,238
At 28 February 2023 99,238

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 118,442 23,232
Amounts owed by group undertakings 117,222 18,822
Other debtors 256,567 263,379
492,231 305,433

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 578 -
Trade creditors 75,187 61,037
Taxation and social security 27,270 39,704
Other creditors 257,744 1,200
360,779 101,941

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 26,667 36,667

SOARSOFT INTERNATIONAL LTD (REGISTERED NUMBER: 08895363)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 FEBRUARY 2024

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Soarsoft International Holdings Limited, a company incorporated in Mauritius, by virtue of the company being a wholly owned subsidiary of Soarsoft International Holdings Limited. The directors' interests in Soarsoft International Holdings Limited are disclosed in that company's accounts.