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REGISTERED NUMBER: 07370861 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

SOPHIE GREY LTD

SOPHIE GREY LTD (REGISTERED NUMBER: 07370861)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SOPHIE GREY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mrs A True





REGISTERED OFFICE: Create Business Hub
Ground Floor
5 Rayleigh Road
Hutton, Brentwood.
Essex
CM13 1AB





REGISTERED NUMBER: 07370861 (England and Wales)





ACCOUNTANTS: Tish Press & Company
Create Business Hub
Ground Floor
5 Rayleigh Road
Hutton, Brentwood.
Essex
CM13 1AB

SOPHIE GREY LTD (REGISTERED NUMBER: 07370861)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,885 9,255

CURRENT ASSETS
Stocks 5 50,117 -
Debtors 6 87,825 74,180
Cash at bank and in hand 9,058 7,758
147,000 81,938
CREDITORS
Amounts falling due within one year 7 148,072 49,077
NET CURRENT (LIABILITIES)/ASSETS (1,072 ) 32,861
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,813

42,116

CREDITORS
Amounts falling due after more than one
year

8

16,514

26,612
NET (LIABILITIES)/ASSETS (9,701 ) 15,504

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (9,702 ) 15,503
SHAREHOLDERS' FUNDS (9,701 ) 15,504

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

SOPHIE GREY LTD (REGISTERED NUMBER: 07370861)

BALANCE SHEET - continued
31 MARCH 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 January 2025 and were signed by:





Mrs A True - Director


SOPHIE GREY LTD (REGISTERED NUMBER: 07370861)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Sophie Grey 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.

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.

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 2 (2023 - 2 ) .

SOPHIE GREY LTD (REGISTERED NUMBER: 07370861)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 11,841 4,995 - 16,836
Additions - - 1,259 1,259
At 31 March 2024 11,841 4,995 1,259 18,095
DEPRECIATION
At 1 April 2023 2,960 4,621 - 7,581
Charge for year 2,220 94 315 2,629
At 31 March 2024 5,180 4,715 315 10,210
NET BOOK VALUE
At 31 March 2024 6,661 280 944 7,885
At 31 March 2023 8,881 374 - 9,255

5. STOCKS
2024 2023
£    £   
Work-in-progress 50,117 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 72,079 56,985
VAT 15,746 17,195
87,825 74,180

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,098 9,849
Other loans 14,752 14,752
Trade creditors 1,895 1,896
Amounts owed to participating interests 113,008 17,637
Tax - 388
Social security and other taxes 4,782 2,763
Other creditors 152 152
Net wages 1,696 -
Directors' current accounts 39 140
Accruals and deferred income 1,650 1,500
148,072 49,077

SOPHIE GREY LTD (REGISTERED NUMBER: 07370861)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,354 10,098
Bank loans - 2-5 years 6,160 16,514
16,514 26,612