Company registration number 04854458 (England and Wales)
SOLDIER OF FORTUNE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
PAGES FOR FILING WITH REGISTRAR
SOLDIER OF FORTUNE LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
SOLDIER OF FORTUNE LIMITED
BALANCE SHEET
AS AT 31 JANUARY 2024
31 January 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
5
150,785
137,557
Investments
6
583,653
567,387
734,438
704,944
Current assets
Stocks
1,018,361
1,109,411
Debtors
7
50,669
63,577
Cash at bank and in hand
2,111,584
1,986,214
3,180,614
3,159,202
Creditors: amounts falling due within one year
8
(284,155)
(343,910)
Net current assets
2,896,459
2,815,292
Total assets less current liabilities
3,630,897
3,520,236
Provisions for liabilities
(21,233)
(12,978)
Net assets
3,609,664
3,507,258
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
3,609,564
3,507,158
Total equity
3,609,664
3,507,258

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

SOLDIER OF FORTUNE LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024
31 January 2024
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 25 October 2024 and are signed on its behalf by:
Mr P Kabluczenko
Director
Company registration number 04854458 (England and Wales)
SOLDIER OF FORTUNE LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024
31 January 2024
- 3 -
1
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

2
Accounting policies
Company information

Soldier Of Fortune Limited is a private company limited by shares incorporated in England and Wales. The registered office is .

2.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

2.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

2.3
Intangible fixed assets - goodwill

Goodwill, being the amount paid in connection with the acquisition of a business, is being amortised evenly over its estimated useful life of nil years.

2.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold land and buildings
2% on cost
Plant and equipment
15% on reducing balance
Fixtures and fittings
15% on reducing balance
Computers
15% on reducing balance
Motor vehicles
25% on reducing balance
2.5
Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

SOLDIER OF FORTUNE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
2
Accounting policies
(Continued)
- 4 -

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

2.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current tax

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 balance sheet date/

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2.7
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.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
18
17
SOLDIER OF FORTUNE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2024
- 5 -
4
Intangible fixed assets
Goodwill
£
Cost
At 1 February 2023 and 31 January 2024
45,000
Amortisation and impairment
At 1 February 2023 and 31 January 2024
45,000
Carrying amount
At 31 January 2024
-
0
At 31 January 2023
-
0
5
Tangible fixed assets
Leasehold land and buildings
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 1 February 2023
93,897
129,766
20,978
110,806
19,850
375,297
Additions
-
0
-
0
-
0
-
0
32,819
32,819
Disposals
-
0
-
0
-
0
-
0
(19,850)
(19,850)
At 31 January 2024
93,897
129,766
20,978
110,806
32,819
388,266
Depreciation and impairment
At 1 February 2023
26,162
116,384
13,282
62,532
19,380
237,740
Depreciation charged in the year
1,878
2,007
1,155
7,242
6,955
19,237
Eliminated in respect of disposals
-
0
-
0
-
0
-
0
(19,496)
(19,496)
At 31 January 2024
28,040
118,391
14,437
69,774
6,839
237,481
Carrying amount
At 31 January 2024
65,857
11,375
6,541
41,032
25,980
150,785
At 31 January 2023
67,735
13,382
7,696
48,274
470
137,557
6
Fixed asset investments
2024
2023
£
£
Other investments other than loans
583,653
567,387
SOLDIER OF FORTUNE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2024
6
Fixed asset investments
(Continued)
- 6 -
Movements in fixed asset investments
Investments
£
Cost or valuation
At 1 February 2023
567,387
Valuation changes
16,266
At 31 January 2024
583,653
Carrying amount
At 31 January 2024
583,653
At 31 January 2023
567,387
7
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
50,669
63,577
8
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
97,619
95,987
Corporation tax
89,715
139,379
Other taxation and social security
68,961
61,504
Other creditors
27,860
47,040
284,155
343,910
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