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REGISTERED NUMBER: 08189424 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Sophisticated Legs Ltd

Sophisticated Legs Ltd (Registered number: 08189424)

Contents of the Financial Statements
for the Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sophisticated Legs Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Mrs S H Wilkinson





SECRETARY:





REGISTERED OFFICE: Temple Chambers
16A Belvoir Road
Coalville
Leics
LE67 3QE





REGISTERED NUMBER: 08189424 (England and Wales)





ACCOUNTANTS: Elverstone Large Ltd
Chartered Certified Accountants
Temple Chambers
16a Belvoir Road
Coalville
Leics
LE67 3QE

Sophisticated Legs Ltd (Registered number: 08189424)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 119,572 119,572
Tangible assets 5 36,257 40,396
155,829 159,968

CURRENT ASSETS
Stocks 176,528 71,346
Debtors 6 330,332 334,099
Cash at bank and in hand 24,016 7,651
530,876 413,096
CREDITORS
Amounts falling due within one year 7 668,297 517,378
NET CURRENT LIABILITIES (137,421 ) (104,282 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,408

55,686

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 18,308 55,586
18,408 55,686

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Sophisticated Legs Ltd (Registered number: 08189424)

Balance Sheet - continued
31 December 2023


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 director and authorised for issue on 7 June 2024 and were signed by:





S Wilkinson - Director


Sophisticated Legs Ltd (Registered number: 08189424)

Notes to the Financial Statements
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

Sophisticated Legs 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Sophisticated Legs Ltd (Registered number: 08189424)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023
and 31 December 2023 119,572
NET BOOK VALUE
At 31 December 2023 119,572
At 31 December 2022 119,572

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 69,885
Additions 2,261
At 31 December 2023 72,146
DEPRECIATION
At 1 January 2023 29,489
Charge for year 6,400
At 31 December 2023 35,889
NET BOOK VALUE
At 31 December 2023 36,257
At 31 December 2022 40,396

Sophisticated Legs Ltd (Registered number: 08189424)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 111,850 111,363
Amounts owed by group undertakings 217,732 217,732
Other debtors 750 5,004
330,332 334,099

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 24,191 33,416
Trade creditors 146,474 134,527
Taxation and social security 3,774 26,858
Other creditors 493,858 322,577
668,297 517,378