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Company Registration No. 09846069 (England and Wales)
CHALLENGE SOPHIE LIMITED Unaudited accounts for the year ended 31 October 2023
CHALLENGE SOPHIE LIMITED Unaudited accounts Contents
Page
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CHALLENGE SOPHIE LIMITED Company Information for the year ended 31 October 2023
Director
Sophie Elizabeth Storm Roberts
Company Number
09846069 (England and Wales)
Registered Office
International House 12 Constance Street London E16 2DQ England
Accountants
Accounts and Legal Consultants Ltd Suite 1-3 The Hop Exchange 24 Southwark Street London SE1 1TY
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CHALLENGE SOPHIE LIMITED Accountants' report
Accountants' report to the director of CHALLENGE SOPHIE LIMITED on the preparation of the unaudited statutory accounts for the year ended 31 October 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of CHALLENGE SOPHIE LIMITED for the year ended 31 October 2023 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of CHALLENGE SOPHIE LIMITED, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of CHALLENGE SOPHIE LIMITED and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than CHALLENGE SOPHIE LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that CHALLENGE SOPHIE LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of CHALLENGE SOPHIE LIMITED. You consider that CHALLENGE SOPHIE LIMITED 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 CHALLENGE SOPHIE LIMITED. 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.
Accounts and Legal Consultants Ltd Suite 1-3 The Hop Exchange 24 Southwark Street London SE1 1TY 15 February 2024
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CHALLENGE SOPHIE LIMITED Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
8,717 
11,420 
Current assets
Debtors
23,761 
9,600 
Cash at bank and in hand
6,270 
32,141 
30,031 
41,741 
Creditors: amounts falling due within one year
(77,946)
(69,915)
Net current liabilities
(47,915)
(28,174)
Net liabilities
(39,198)
(16,754)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(39,298)
(16,854)
Shareholders' funds
(39,198)
(16,754)
For the year ending 31 October 2023 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 director acknowledges her 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 and authorised for issue on 29 September 2024 and were signed on its behalf by
Sophie Elizabeth Storm Roberts Director Company Registration No. 09846069
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CHALLENGE SOPHIE LIMITED Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
CHALLENGE SOPHIE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09846069. The registered office is International House, 12 Constance Street, London, E16 2DQ, England.
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.
Going concern
The financial statements have been prepared on a going concern basis on the grounds that the Director has confirmed she will continue to support the company and that the loan will not be called in within the 12 month period from the balance sheet date.
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:
Motor vehicles
25% Reducing Balance
Fixtures & fittings
25% Straightline
Computer equipment
25% Straightline
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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.
Trade debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivables are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Trade creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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CHALLENGE SOPHIE LIMITED Notes to the Accounts for the year ended 31 October 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 November 2022
1,099 
18,058 
3,344 
1,309 
23,810 
At 31 October 2023
1,099 
18,058 
3,344 
1,309 
23,810 
Depreciation
At 1 November 2022
1,099 
9,275 
1,634 
382 
12,390 
Charge for the year
- 
1,757 
618 
328 
2,703 
At 31 October 2023
1,099 
11,032 
2,252 
710 
15,093 
Net book value
At 31 October 2023
- 
7,026 
1,092 
599 
8,717 
At 31 October 2022
- 
8,783 
1,710 
927 
11,420 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
80 
- 
Trade debtors
13,681 
9,600 
Accrued income and prepayments
10,000 
- 
23,761 
9,600 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
3,072 
35 
Taxes and social security
- 
1,118 
Loans from directors
74,874 
68,762 
77,946 
69,915 
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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