Company registration number: 10939408
Unaudited financial statements
for the year ended 31 August 2023
for
Social Kick Limited
Pages for filing with the Registrar
Company registration number: 10939408
Social Kick Limited
Balance sheet
as at 31 August 2023
2023 2022
Note £ £ £ £
Fixed assets
Tangible assets 4 3,275 2,880
3,275 2,880
Current assets
Debtors 52 -
Investments 27,300 7,000
Cash at bank and in hand 1,495 20,825
28,847 27,825
Creditors: amounts falling due within
one year
(137,213) (123,915)
Net current liabilities (108,366) (96,090)
Total assets less current liabilities (105,091) (93,210)
NET LIABILITIES (105,091) (93,210)
Capital and reserves
Called up share capital 100 100
Profit and loss account (105,191) (93,310)
TOTAL EQUITY (105,091) (93,210)
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 August 2023.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 10939408
Social Kick Limited
Balance sheet - continued
as at 31 August 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 Profit and loss account has not been delivered to the Registrar.
Signed by:
Mr A Jordan, Director
30 August 2024
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Social Kick Limited
Notes to the financial statements
for the year ended 31 August 2023
1 Company information
The company is registered in England and Wales. Its registered number is 10939408. The company is limited by shares. Its registered office is C/O Pomegranate, 3 Hardman Square, Manchester, M3 3EB.
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 historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Fixtures & fittings - 33% straight line
Computer equipment - 33% straight line
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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.
3 Average number of employees
During the year the average number of employees was 1 (2022 - 1).
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Social Kick Limited
Notes to the financial statements - continued
for the year ended 31 August 2023
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 September 2022 6,983
Additions 3,019
At 31 August 2023 10,002
Depreciation
At 1 September 2022 4,103
Charge for year 2,624
At 31 August 2023 6,727
Net book value
At 31 August 2023 3,275
At 31 August 2022 2,880
5 Advances, credit and guarantees granted to the director
The following advances and credits to a director subsisted during the years ended 31 August 2023 and 31 August 2022.
2023 2022
£ £
Mr adam Jordan
Balance outstanding at start of year 91,740 47,088
Amounts advanced 28,377 61,894
Amounts repaid (22,688) (17,242)
Balance outstanding at end of year 97,429 91,740
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