Registered Number:07202703 |
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
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
Sova Group (UK) Ltd
Statement of Financial Position
2023
2024
Property, plant and equipment |
69,068
70,980
2
69,068
70,980
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
2
2
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. |
These financial statements were approved and authorised for issue by the Board on 31 July 2024 and were signed by: |
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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
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. |
Unit 20b Alexandria Industrial Estate
Alexandria Road
Sidmouth
Devon
EX10 9HL
The presentation currency is £ sterling. |
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 |
200,963
96,449
104,514
15,357
7,065
8,292
112,806
103,514
216,320
Provision for depreciation and impairment |
129,983
61,101
68,882
Charge for year
17,269
8,483
8,786
147,252
69,584
77,668
35,138
33,930
69,068
35,632
35,348
70,980
3. Trade and other receivables |
2023
2024
27,630
13,253
4,254
1,499
14,752
31,884
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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
17,725
8,443
Taxation and social security |
13,406
25,807
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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