2023-04-01 07202703 2024-03-31 07202703 2023-04-01 2024-03-31 07202703 2023-03-31 07202703 2022-04-01 2023-03-31 07202703 uk-core:WithinOneYear 2023-03-31 07202703 uk-core:WithinOneYear 2024-03-31 07202703 uk-core:AfterOneYear 2023-03-31 07202703 uk-core:AfterOneYear 2024-03-31 07202703 uk-core:ShareCapital 2024-03-31 07202703 uk-core:ShareCapital 2023-03-31 07202703 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 07202703 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 07202703 uk-bus:Director1 2023-04-01 2024-03-31 07202703 uk-core:Vehicles 2023-03-31 07202703 uk-core:PlantMachinery 2023-03-31 07202703 uk-core:Vehicles 2023-04-01 2024-03-31 07202703 uk-core:PlantMachinery 2024-03-31 07202703 uk-core:Vehicles 2024-03-31 07202703 uk-core:PlantMachinery 2023-04-01 2024-03-31 07202703 uk-core:WithinOneYear uk-core:Secured 2024-03-31 07202703 uk-core:WithinOneYear uk-core:Secured 2023-03-31 iso4217:GBP xbrli:pure 07202703 uk-bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 07202703 uk-bus:FRS102 2023-04-01 2024-03-31 07202703 uk-bus:FilletedAccounts 2023-04-01 2024-03-31 07202703 uk-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31
Sova Group (UK) Ltd
Registered Number:07202703
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2024
Sova Group (UK) Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
07202703
As at 31 March 2024
Sova Group (UK) Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
69,068
70,980
2
69,068
70,980
Current assets
Trade and other receivables
14,752
31,884
3
78,020
Cash and cash equivalents
42,702
74,586
92,772
Trade and other payables: amounts falling due within one
year
(64,593)
(49,274)
4
28,179
25,312
Net current assets
Total assets less current liabilities
94,380
99,159
Trade and other payables: amounts falling due after more
than one year
(34,210)
(28,704)
5
(13,123)
(13,486)
Provisions for liabilities
52,553
Net assets
51,463
Capital and reserves
Called up share capital
2
2
Retained earnings
52,551
51,461
52,553
51,463
Shareholders' funds
For the year ended 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 of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr R Bellairs Director
These financial statements were approved and authorised for issue by the Board on 31 July 2024 and were signed by:
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4
Registered Number :
07202703
For the year ended 31 March 2024
Sova Group (UK) Ltd
Statement of Financial Position Continued
The notes form part of these financial statements
2 of 4
5
For the year ended 31 March 2024
Sova Group (UK) Ltd
Notes to the Financial Statements
Statutory Information
Sova Group (UK) Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration
number 07202703.
Registered address:
Unit 20b Alexandria Industrial Estate
Alexandria Road
Sidmouth
Devon
EX10 9HL
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
2. Property, plant and equipment
Total
Motor
Vehicles
Plant and
Machinery
£
£
£
Cost or
valuation
At 01 April 2023
200,963
96,449
104,514
15,357
7,065
8,292
Additions
At 31 March 2024
112,806
103,514
216,320
Provision for depreciation and impairment
At 01 April 2023
129,983
61,101
68,882
Charge for year
17,269
8,483
8,786
At 31 March 2024
147,252
69,584
77,668
At 31 March 2024
Net book value
35,138
33,930
69,068
At 31 March 2023
35,632
35,348
70,980
3. Trade and other receivables
2023
2024
£
£
Trade debtors
27,630
13,253
Other debtors
4,254
1,499
14,752
31,884
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6
For the year ended 31 March 2024
Sova Group (UK) Ltd
Notes to the Financial Statements Continued
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft (secured)
5,555
5,605
Trade creditors
17,725
8,443
Taxation and social security
13,406
25,807
Other creditors
12,588
24,738
49,274
64,593
5. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft (secured)
28,704
34,210
6. Average number of persons employed
During the year the average number of employees was 4 (2023 : 5)
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