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REGISTERED NUMBER: 04935742 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Softstart (UK) Limited

Softstart (UK) Limited (Registered number: 04935742)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Softstart (UK) Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Mr S Harvey
Mr S T Weatherill





REGISTERED OFFICE: Unit 14 Brinell Way
Harfreys Industrial Estate
Great Yarmouth
Norfolk
NR31 0LU





REGISTERED NUMBER: 04935742 (England and Wales)





ACCOUNTANTS: CUNNINGHAMS
Number Sixty One
Alexandra Road
Lowestoft
Suffolk
NR32 1PL

Softstart (UK) Limited (Registered number: 04935742)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,136 16,245
Investments 5 - 5,000
16,136 21,245

CURRENT ASSETS
Stocks 149,409 231,793
Debtors 6 148,708 115,399
Cash at bank 380,483 3,676
678,600 350,868
CREDITORS
Amounts falling due within one year 7 631,268 369,586
NET CURRENT ASSETS/(LIABILITIES) 47,332 (18,718 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

63,468

2,527

CREDITORS
Amounts falling due after more than one
year

8

6,742

16,770
NET ASSETS/(LIABILITIES) 56,726 (14,243 )

CAPITAL AND RESERVES
Called up share capital 20,001 20,001
Capital redemption reserve 1 1
Retained earnings 36,724 (34,245 )
56,726 (14,243 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Softstart (UK) Limited (Registered number: 04935742)

Balance Sheet - continued
30 September 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 Board of Directors and authorised for issue on 14 February 2025 and were signed on its behalf by:




Mr S Harvey - Director



Mr S T Weatherill - Director


Softstart (UK) Limited (Registered number: 04935742)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Softstart (UK) Limited 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 machinery - 33% on cost and 20% on cost
Fixtures and fittings - 33% on cost

INVESTMENTS IN SUBSIDIARIES
Investments in subsidiary undertakings are recognised at cost.

STOCKS
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

Softstart (UK) Limited (Registered number: 04935742)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

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 5 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 29,481
Additions 3,351
At 30 September 2024 32,832
DEPRECIATION
At 1 October 2023 13,236
Charge for year 3,460
At 30 September 2024 16,696
NET BOOK VALUE
At 30 September 2024 16,136
At 30 September 2023 16,245

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 October 2023 5,000
Impairments (5,000 )
At 30 September 2024 -
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 5,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 138,047 108,068
Other debtors 10,661 7,331
148,708 115,399

Softstart (UK) Limited (Registered number: 04935742)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 10,648 10,648
Invoice discounting advance 67,082 45,331
Trade creditors 262,956 76,083
Taxation and social security 114,218 20,247
Other creditors 176,364 217,277
631,268 369,586

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans 6,742 16,770

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

30.9.24 30.9.23
£    £   
Mr S Harvey
Balance outstanding at start of year (33,789 ) 19,179
Amounts advanced 7,798 1,932
Amounts repaid - (54,900 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (25,991 ) (33,789 )