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REGISTERED NUMBER: 04457966 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

SO Design Consultants Ltd

SO Design Consultants Ltd (Registered number: 04457966)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SO Design Consultants Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTOR: S Haskins





SECRETARY: Mrs L Haskins





REGISTERED OFFICE: The Carriage Works
London Road
Bridgeyate
Bristol
Avon
BS30 5NA





REGISTERED NUMBER: 04457966 (England and Wales)





ACCOUNTANTS: Norton Accountancy Ltd
7 Soundwell Road
Staple Hill
Bristol
BS16 4QG

SO Design Consultants Ltd (Registered number: 04457966)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 19,757 21,745
19,757 21,745

CURRENT ASSETS
Stocks 79,819 51,478
Debtors 6 31,576 27,863
Cash at bank 1 1,584
111,396 80,925
CREDITORS
Amounts falling due within one year 7 65,699 62,048
NET CURRENT ASSETS 45,697 18,877
TOTAL ASSETS LESS CURRENT
LIABILITIES

65,454

40,622

CREDITORS
Amounts falling due after more than one
year

8

(61,747

)

(36,324

)

PROVISIONS FOR LIABILITIES (3,701 ) (4,061 )
NET ASSETS 6 237

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 2 233
6 237

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

SO Design Consultants Ltd (Registered number: 04457966)

Balance Sheet - continued
31 October 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 June 2024 and were signed by:





S Haskins - Director


SO Design Consultants Ltd (Registered number: 04457966)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

SO Design Consultants Ltd 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current 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 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 is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

SO Design Consultants Ltd (Registered number: 04457966)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 45,000
AMORTISATION
At 1 November 2022
and 31 October 2023 45,000
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 137,996
Additions 274
At 31 October 2023 138,270
DEPRECIATION
At 1 November 2022 116,251
Charge for year 2,262
At 31 October 2023 118,513
NET BOOK VALUE
At 31 October 2023 19,757
At 31 October 2022 21,745

SO Design Consultants Ltd (Registered number: 04457966)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 10,009 27,863
Other debtors 21,567 -
31,576 27,863

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 22,849 21,991
Trade creditors 19,095 9,891
Taxation and social security 16,254 17,019
Other creditors 7,501 13,147
65,699 62,048

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans 61,747 36,324

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £51,600 (2022 - £23,100) were paid to the director .

The director owed the company £21,568 at the year end. This is to be repaid within 9 months.

The company is controlled by the director/s by virtue of shareholdings.

10. ULTIMATE CONTROLLING PARTY

The controlling party is S Haskins.