Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 08955460 Mr Kim Von Arx Mrs Tabea Von Arx iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08955460 2023-03-31 08955460 2024-03-31 08955460 2023-04-01 2024-03-31 08955460 frs-core:CurrentFinancialInstruments 2024-03-31 08955460 frs-core:FurnitureFittings 2024-03-31 08955460 frs-core:FurnitureFittings 2023-04-01 2024-03-31 08955460 frs-core:FurnitureFittings 2023-03-31 08955460 frs-core:ShareCapital 2024-03-31 08955460 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 08955460 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08955460 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 08955460 frs-bus:SmallEntities 2023-04-01 2024-03-31 08955460 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08955460 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08955460 frs-bus:Director1 2023-04-01 2024-03-31 08955460 frs-bus:Director2 2023-04-01 2024-03-31 08955460 frs-countries:EnglandWales 2023-04-01 2024-03-31 08955460 2022-03-31 08955460 2023-03-31 08955460 2022-04-01 2023-03-31 08955460 frs-core:CurrentFinancialInstruments 2023-03-31 08955460 frs-core:ShareCapital 2023-03-31 08955460 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 08955460
Sotaki Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Inspire Accounting (UK) Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08955460
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 5,654 3,271
5,654 3,271
CURRENT ASSETS
Debtors 5 51,552 38,200
Cash at bank and in hand 209,402 191,936
260,954 230,136
Creditors: Amounts Falling Due Within One Year 6 (132,130 ) (67,157 )
NET CURRENT ASSETS (LIABILITIES) 128,824 162,979
TOTAL ASSETS LESS CURRENT LIABILITIES 134,478 166,250
NET ASSETS 134,478 166,250
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 134,378 166,150
SHAREHOLDERS' FUNDS 134,478 166,250
Page 1
Page 2
For the year ending 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Kim Von Arx
Director
11/06/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Sotaki Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08955460 . The registered office is 8 Mulberry Walk, Fleet, GU51 5EA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% deminishing balance
2.4. Taxation
Income tax expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 April 2023 7,778
Additions 4,268
As at 31 March 2024 12,046
Depreciation
As at 1 April 2023 4,507
Provided during the period 1,885
As at 31 March 2024 6,392
Net Book Value
As at 31 March 2024 5,654
As at 1 April 2023 3,271
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Page 4
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 42,840 38,200
Other debtors 8,712 -
51,552 38,200
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 96 155
Corporation tax 119,218 46,283
VAT 12,816 20,719
132,130 67,157
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4