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REGISTERED NUMBER: 10173383 (England and Wales)















Financial Statements For The Year Ended 31st May 2024

for

SOTE College Limited

SOTE College Limited (Registered number: 10173383)






Contents of the Financial Statements
For The Year Ended 31st May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SOTE College Limited

Company Information
For The Year Ended 31st May 2024







DIRECTORS: M J Watson
C P Sheils





REGISTERED OFFICE: 38 Northfield Road
Kings Norton
Birmingham
B30 1JH





REGISTERED NUMBER: 10173383 (England and Wales)





ACCOUNTANTS: L& S Accountancy Services
64 High Street
Belper
Derbyshire
DE56 1GF

SOTE College Limited (Registered number: 10173383)

Balance Sheet
31st May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,364 4,319

CURRENT ASSETS
Debtors 5 2,060 584
Cash at bank 32,288 21,123
34,348 21,707
CREDITORS
Amounts falling due within one year 6 34,211 12,351
NET CURRENT ASSETS 137 9,356
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,501

13,675

PROVISIONS FOR LIABILITIES 639 820
NET ASSETS 2,862 12,855

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 2,860 12,853
2,862 12,855

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 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.

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 23rd September 2024 and were signed on its behalf by:



M J Watson - Director


SOTE College Limited (Registered number: 10173383)

Notes to the Financial Statements
For The Year Ended 31st May 2024

1. STATUTORY INFORMATION

SOTE College Limited 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.

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 2 (2023 - 2 ) .

SOTE College Limited (Registered number: 10173383)

Notes to the Financial Statements - continued
For The Year Ended 31st May 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st June 2023 8,688
Additions 386
At 31st May 2024 9,074
DEPRECIATION
At 1st June 2023 4,369
Charge for year 1,341
At 31st May 2024 5,710
NET BOOK VALUE
At 31st May 2024 3,364
At 31st May 2023 4,319

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 2,060 584

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 405 258
Taxation and social security 6,058 7,753
Other creditors 27,748 4,340
34,211 12,351

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st May 2024 and 31st May 2023:

2024 2023
£    £   
C P Sheils and M J Watson
Balance outstanding at start of year - 9,463
Amounts repaid - (9,463 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

As at 31st May 2023 the company owed to its directors Mr. M. Watson and Mr. C Sheils the sum of £26,650(2023: £3,225.). This amount is reyable on demand.

SOTE College Limited (Registered number: 10173383)

Notes to the Financial Statements - continued
For The Year Ended 31st May 2024

8. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party as no one persons holds more than 50% of the issued share capital.