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REGISTERED NUMBER: 04249464 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Softgaze Limited

Softgaze Limited (Registered number: 04249464)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Softgaze Limited

Company Information
for the Year Ended 31 January 2024







Directors: A Hughes-Jones
J Cooke





Secretary: J Cooke





Registered office: 114-120 Northgate Street
Chester
CH1 2HT





Registered number: 04249464 (England and Wales)





Accountants: Ellis & Co
Chartered Accountants
114-120 Northgate Street
Chester
CH1 2HT

Softgaze Limited (Registered number: 04249464)

Statement of Financial Position
31 January 2024

31/1/24 31/1/23
Notes £    £    £    £   
Fixed assets
Investments 4 279,973 279,973

Current assets
Debtors 5 5,027 52,010
Cash at bank 31,181 36,444
36,208 88,454
Creditors
Amounts falling due within one year 6 154,049 199,305
Net current liabilities (117,841 ) (110,851 )
Total assets less current liabilities 162,132 169,122

Capital and reserves
Called up share capital 100,000 100,000
Retained earnings 62,132 69,122
162,132 169,122

Softgaze Limited (Registered number: 04249464)

Statement of Financial Position - continued
31 January 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 October 2024 and were signed on its behalf by:





A Hughes-Jones - Director


Softgaze Limited (Registered number: 04249464)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. Statutory information

Softgaze 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.

Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Softgaze Limited (Registered number: 04249464)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

3. Employees and directors

The average number of employees during the year was 2 (2023 - 2 ) .

4. Fixed asset investments
Shares in
group
undertakings
£   
Cost
At 1 February 2023
and 31 January 2024 279,973
Net book value
At 31 January 2024 279,973
At 31 January 2023 279,973

5. Debtors: amounts falling due within one year
31/1/24 31/1/23
£    £   
Other debtors 5,027 52,010

6. Creditors: amounts falling due within one year
31/1/24 31/1/23
£    £   
Amounts owed to group undertakings 123,724 174,640
Taxation and social security 25,397 19,737
Other creditors 4,928 4,928
154,049 199,305