13949391falseONLINE AND MARKET STALL SALES2023-05-012024-04-30http://www.companieshouse.gov.uk/2023-04-30http://www.companieshouse.gov.uk/pt:ShareCapital2023-04-30http://www.companieshouse.gov.uk/cd:Director12023-05-012024-04-30http://www.companieshouse.gov.uk/pt:ShareCapital2024-04-30http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-05-012024-04-30http://www.companieshouse.gov.uk/pt:ToolsEquipment2024-04-30http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-05-012024-04-30http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-05-012024-04-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-04-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-04-30http://www.companieshouse.gov.uk/2023-05-012024-04-30http://www.companieshouse.gov.uk/2023-04-30http://www.companieshouse.gov.uk/cd:FRS1022023-05-012024-04-30http://www.companieshouse.gov.uk/2024-04-30http://www.companieshouse.gov.uk/cd:FullAccounts2023-05-012024-04-30http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-05-012024-04-30iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 13949391

Souled Out Limited

ACCOUNTS
FOR THE YEAR ENDED 30/04/2024

Prepared By:
VICTOR STEWART

Souled Out Limited

ACCOUNTS
FOR THE YEAR ENDED 30/04/2024
DIRECTORS
Franklin Akinsete
REGISTERED OFFICE
193B ROSS ROAD
SOUTH NORWOOD
LONDON
SE25 6TN
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 13949391
ACCOUNTANTS
VICTOR STEWART

Souled Out Limited

ACCOUNTS
FOR THEYEARENDED30/04/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Souled Out Limited

BALANCE SHEET AT 30/04/2024
20242023
Notes££
FIXED ASSETS
Tangible assets31,910-
CURRENT ASSETS
Stock7,5005,000
Debtors5-1,873
Cash at bank and in hand9,789152
17,2897,025
CREDITORS: Amounts falling due within one year68,7707,024
NET CURRENT ASSETS8,5191
TOTAL ASSETS LESS CURRENT LIABILITIES10,4291
CAPITAL AND RESERVES
Called up share capital711
Profit and loss account10,428-
SHAREHOLDERS' FUNDS10,4291
For the year ending 30/04/2024 the company was entitled to exemption 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 directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 13/01/2025 and signed on their behalf by
.............................
Franklin Akinsete
Director

Souled Out Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/04/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
2. EMPLOYEES
20242023
No.No.
Average number of employees1-

Souled Out Limited

3. TANGIBLE FIXED ASSETS
EquipmentTotal
££
Cost
Additions1,9101,910
At 30/04/20241,9101,910
Depreciation
At 30/04/2024--
Net Book Amounts
At 30/04/20241,9101,910
4. STOCK 20242023
££
Stock comprises:
Stock7,5005,000
7,5005,000
5. DEBTORS 20242023
££
Amounts falling due within one year
Directors current account-1,873
-1,873
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax6,3396,174
VAT1,702-
Directors current account729-
Trade creditors-850
8,7707,024

Souled Out Limited

7. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
1 Class 1 shares of £1 each11
11
New shares issued during period:
1 Class 1 shares of £1 each11
-1