Registered number
14326119
SOPHIN LTD
Filleted Accounts
31 August 2024
SOPHIN LTD
Registered number: 14326119
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 345,076 345,076
Current assets
Debtors 4 1,500 -
Creditors: amounts falling due within one year 5 (297,840) (351,359)
Net current liabilities (296,340) (351,359)
Net assets/(liabilities) 48,736 (6,283)
Capital and reserves
Called up share capital 100 100
Profit and loss account 48,636 (6,383)
Shareholders' funds 48,736 (6,283)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Christopher James Bowles
Director
Approved by the board on 31 January 2025
SOPHIN LTD
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings 0%
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 September 2023 345,076
At 31 August 2024 345,076
Depreciation
At 31 August 2024 -
Net book value
At 31 August 2024 345,076
At 31 August 2023 345,076
4 Debtors 2024 2023
£ £
Trade debtors 1,500 -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 184,033 214,656
Taxation and social security costs 12,434 -
Other creditors 101,373 136,703
297,840 351,359
6 Other information
SOPHIN LTD is a private company limited by shares and incorporated in England. Its registered office is:
37 The Street
Ringland
Norwich
NR8 6AB
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