2023-03-012024-02-292024-02-29false10607738SOLES AND TOES 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SOLES AND TOES LIMITED

Registered Number
10607738
(England and Wales)

Unaudited Financial Statements for the Year ended
29 February 2024

SOLES AND TOES LIMITED
Company Information
for the year from 1 March 2023 to 29 February 2024

Directors

MALANDA, Emmanuel Ngebeni
THOMPSON-MALANDA, Nadine

Registered Address

C/O Xeinadin First Floor Secure House
Lulworth Close
Chandler's Ford
SO53 3TL

Registered Number

10607738 (England and Wales)
SOLES AND TOES LIMITED
Balance Sheet as at
29 February 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets32,4823,601
2,4823,601
Current assets
Stocks42,0001,500
Debtors53,0631,853
Cash at bank and on hand2,0736,836
7,13610,189
Creditors amounts falling due within one year6(23,384)(45,331)
Net current assets (liabilities)(16,248)(35,142)
Total assets less current liabilities(13,766)(31,541)
Creditors amounts falling due after one year7(1,750)(3,150)
Net assets(15,516)(34,691)
Capital and reserves
Called up share capital1,0001,000
Profit and loss account(16,516)(35,691)
Shareholders' funds(15,516)(34,691)
The financial statements were approved and authorised for issue by the Board of Directors on 20 November 2024, and are signed on its behalf by:
MALANDA, Emmanuel Ngebeni
Director
Registered Company No. 10607738
SOLES AND TOES LIMITED
Notes to the Financial Statements
for the year ended 29 February 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Revenue from sale of goods
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Plant and machinery25
Fixtures and fittings10
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year11
3.Tangible fixed assets

Plant & machinery

Office Equipment

Total

£££
Cost or valuation
At 01 March 2312,6565,59318,249
At 29 February 2412,6565,59318,249
Depreciation and impairment
At 01 March 2312,6561,99214,648
Charge for year-559559
Other adjustments-560560
At 29 February 2412,6563,11115,767
Net book value
At 29 February 24-2,4822,482
At 28 February 23-3,6013,601
4.Stocks

2024

2023

££
Other stocks2,0001,500
Total2,0001,500
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables3,0631,853
Total3,0631,853
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
6.Creditors: amounts due within one year

2024

2023

££
Bank borrowings and overdrafts1,4001,400
Amounts owed to related parties21,15040,039
Taxation and social security-3,094
Accrued liabilities and deferred income834798
Total23,38445,331
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts1,7503,150
Total1,7503,150
Long term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
8.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
MALANDA, Emmanuel Ngebeni(40,039)33,06014,171(21,150)
(40,039)33,06014,171(21,150)