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REGISTERED NUMBER: 07223882 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

SOAKVALE LTD

SOAKVALE LTD (REGISTERED NUMBER: 07223882)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SOAKVALE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: N P Cadwell





REGISTERED OFFICE: 18 High West Street
Dorchester
Dorset
DT1 1UW





REGISTERED NUMBER: 07223882 (England and Wales)





ACCOUNTANTS: Pugsley Revill
18 High West Street
Dorchester
Dorset
DT1 1UW

SOAKVALE LTD (REGISTERED NUMBER: 07223882)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 29,278 33,435

CURRENT ASSETS
Stocks 305,000 288,215
Debtors 5 5,769 -
Cash at bank 260,026 371,095
570,795 659,310
CREDITORS
Amounts falling due within one year 6 509,328 576,982
NET CURRENT ASSETS 61,467 82,328
TOTAL ASSETS LESS CURRENT
LIABILITIES

90,745

115,763

PROVISIONS FOR LIABILITIES 7 5,563 8,359
NET ASSETS 85,182 107,404

CAPITAL AND RESERVES
Called up share capital 8 20 20
Retained earnings 85,162 107,384
SHAREHOLDERS' FUNDS 85,182 107,404

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

SOAKVALE LTD (REGISTERED NUMBER: 07223882)

BALANCE SHEET - continued
30 APRIL 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 January 2025 and were signed by:





N P Cadwell - Director


SOAKVALE LTD (REGISTERED NUMBER: 07223882)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Soakvale 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.

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 equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 25% on reducing balance

Stocks
Work in progress is valued at retail.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

SOAKVALE LTD (REGISTERED NUMBER: 07223882)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor Office
equipment vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023 22,851 18,100 1,377 42,328
Additions 2,799 - - 2,799
At 30 April 2024 25,650 18,100 1,377 45,127
DEPRECIATION
At 1 May 2023 4,625 3,636 632 8,893
Charge for year 3,154 3,616 186 6,956
At 30 April 2024 7,779 7,252 818 15,849
NET BOOK VALUE
At 30 April 2024 17,871 10,848 559 29,278
At 30 April 2023 18,226 14,464 745 33,435

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,191 -
Other debtors 4,578 -
5,769 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 32,000
Taxation and social security 90 18,224
Other creditors 509,238 526,758
509,328 576,982

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 5,563 8,359

Deferred
tax
£   
Balance at 1 May 2023 8,359
Credit for the year (2,796 )
Balance at 30 April 2024 5,563

SOAKVALE LTD (REGISTERED NUMBER: 07223882)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
20 Ordinary shares £1 20 20