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Company Registration No. 11295976 (England and Wales)
Sophie Sews Ltd Unaudited accounts for the year ended 31 March 2024
Sophie Sews Ltd Unaudited accounts Contents
Page
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Sophie Sews Ltd Company Information for the year ended 31 March 2024
Directors
Mrs S Wickenden Mr P Wickenden Mr G Pavitt
Company Number
11295976 (England and Wales)
Registered Office
76 High Street Horsell Woking Surrey GU21 4SZ
Accountants
Ruffett Accountancy Limited Hillside Lodge Ridgeway Woking Surrey GU21 4QP
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Sophie Sews Ltd for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Sophie Sews Ltd for the year ended 31 March 2024 as set out on pages 5 - 8 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of Sophie Sews Ltd, as a body, in accordance with the terms of our engagement letter dated 14 February 2020. Our work has been undertaken solely to prepare for your approval the accounts of Sophie Sews Ltd and state those matters that we have agreed to state to the Board of Directors of Sophie Sews Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sophie Sews Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Sophie Sews Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Sophie Sews Ltd. You consider that Sophie Sews Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Sophie Sews Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Ruffett Accountancy Limited Chartered Certified Accountants Hillside Lodge Ridgeway Woking Surrey GU21 4QP 5 August 2024
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Sophie Sews Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
1,434 
2,616 
Tangible assets
12,160 
4,745 
13,594 
7,361 
Current assets
Inventories
10,719 
10,719 
Debtors
106,604 
119,525 
Cash at bank and in hand
17,133 
21,519 
134,456 
151,763 
Creditors: amounts falling due within one year
(135,765)
(136,056)
Net current (liabilities)/assets
(1,309)
15,707 
Total assets less current liabilities
12,285 
23,068 
Creditors: amounts falling due after more than one year
(11,667)
(21,666)
Provisions for liabilities
Deferred tax
(520)
(1,316)
Net assets
98 
86 
Capital and reserves
Called up share capital
40 
40 
Profit and loss account
58 
46 
Shareholders' funds
98 
86 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 5 August 2024 and were signed on its behalf by
Mrs S Wickenden Director Company Registration No. 11295976
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Sophie Sews Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Sophie Sews Ltd is a private company, limited by shares, registered in England and Wales, registration number 11295976. The registered office is 76 High Street, Horsell, Woking, Surrey, GU21 4SZ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20 - 33%
Intangible fixed assets
Intangible fixed assets relate to website development costs are included at cost less accumulated amortisation.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Sophie Sews Ltd Notes to the Accounts for the year ended 31 March 2024
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 April 2023
5,910 
At 31 March 2024
5,910 
Amortisation
At 1 April 2023
3,294 
Charge for the year
1,182 
At 31 March 2024
4,476 
Net book value
At 31 March 2024
1,434 
At 31 March 2023
2,616 
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
17,944 
- 
17,944 
Additions
1,809 
12,000 
13,809 
At 31 March 2024
19,753 
12,000 
31,753 
Depreciation
At 1 April 2023
13,199 
- 
13,199 
Charge for the year
3,394 
3,000 
6,394 
At 31 March 2024
16,593 
3,000 
19,593 
Net book value
At 31 March 2024
3,160 
9,000 
12,160 
At 31 March 2023
4,745 
- 
4,745 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
60,988 
71,617 
Accrued income and prepayments
13,432 
7,357 
Other debtors
32,184 
40,551 
106,604 
119,525 
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Sophie Sews Ltd Notes to the Accounts for the year ended 31 March 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
Trade creditors
40,747 
37,452 
Taxes and social security
34,335 
25,269 
Other creditors
355 
279 
Accruals
1,200 
1,200 
Deferred income
49,128 
61,856 
135,765 
136,056 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
11,667 
21,666 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
17 Ordinary A shares of £1 each
17 
17 
17 Ordinary B shares of £1 each
17 
17 
6 Ordinary C shares of £1 each
6 
6 
40 
40 
10
Operating lease commitments
2024 
2023 
£ 
£ 
At 31 March 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
- 
6,725 
Later than one year and not later than five years
156,000 
- 
156,000 
6,725 
11
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Loan to director
27,102 
17,464 
28,002 
16,564 
27,102 
17,464 
28,002 
16,564 
12
Average number of employees
During the year the average number of employees was 7 (2023: 7).
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