Registered number
08611230
SOW (Nottingham) Ltd
Report and Accounts
31 July 2024
SOW (Nottingham) Ltd
Report to the director on the preparation of the unaudited statutory accounts of SOW (Nottingham) Ltd for the year ended 31 July 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of SOW (Nottingham) Ltd for the year ended 31 July 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes 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
http://rulebook.accaglobal.com/
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.
Coalesco Accountants Limited
Chartered Certified Accountants
156 Russell Drive
Wollaton
Nottingham
Nottinghamshire
NG8 2BE
18 September 2024
SOW (Nottingham) Ltd
Registered number: 08611230
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 6,728 6,749
Current assets
Cash at bank and in hand 89,208 67,647
Creditors: amounts falling due within one year 5 (18,124) (19,517)
Net current assets 71,084 48,130
Net assets 77,812 54,879
Capital and reserves
Called up share capital 2 2
Profit and loss account 77,810 54,877
Shareholders' funds 77,812 54,879
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 members have 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.
Ferdinando Pastore
Director
Approved by the board on 18 September 2024
SOW (Nottingham) Ltd
Notes to the Accounts
for the year ended 31 July 2024
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.
Turnover
Turnover includes revenue earned from the sale of goods and from the rendering of services.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
Goodwill 5 Years Straight Line
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 20% Straight Line
Motor Vehicles 25% Reducing Balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 6 6
3 Intangible fixed assets £
Goodwill:
Cost
At 1 August 2023 10,000
At 31 July 2024 10,000
Amortisation
At 1 August 2023 10,000
At 31 July 2024 10,000
Net book value
At 31 July 2024 -
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 August 2023 23,901 10,600 34,501
Additions 1,700 - 1,700
At 31 July 2024 25,601 10,600 36,201
Depreciation
At 1 August 2023 21,531 6,221 27,752
Charge for the year 626 1,095 1,721
At 31 July 2024 22,157 7,316 29,473
Net book value
At 31 July 2024 3,444 3,284 6,728
At 31 July 2023 2,370 4,379 6,749
5 Creditors: amounts falling due within one year 2024 2023
£ £
Corporation tax 5,384 5,370
Other taxes and social security costs 2,031 2,231
Other creditors 10,709 11,916
18,124 19,517
6 Other information
SOW (Nottingham) Ltd is a private company limited by shares and incorporated in England. Its registered office is:
156 Russell Drive
Wollaton
Nottingham
NG8 2BE
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