Company Registration No. 09846069 (England and Wales)
CHALLENGE SOPHIE LIMITED
Unaudited accounts
for the year ended 31 October 2023
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
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
CHALLENGE SOPHIE LIMITED
Statement of financial position
as at 31 October 2023
Tangible assets
8,717
11,420
Cash at bank and in hand
6,270
32,141
Creditors: amounts falling due within one year
(77,946)
(69,915)
Net current liabilities
(47,915)
(28,174)
Net liabilities
(39,198)
(16,754)
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
CHALLENGE SOPHIE LIMITED
Notes to the Accounts
for the year ended 31 October 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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.
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.
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.
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.
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
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
At 31 October 2023
-
7,026
1,092
599
8,717
At 31 October 2022
-
8,783
1,710
927
11,420
Amounts falling due within one year
Trade debtors
13,681
9,600
Accrued income and prepayments
10,000
-
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
-
1,118
Loans from directors
74,874
68,762
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).