SOLE-MATES INSOLES LTD

Company Registration Number:
08541976 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2024

Period of accounts

Start date: 01 June 2023

End date: 31 May 2024

SOLE-MATES INSOLES LTD

Contents of the Financial Statements

for the Period Ended 31 May 2024

Company Information - 3
Profit and Loss Account - 4
Balance sheet - 5
Additional notes - 7

SOLE-MATES INSOLES LTD

Company Information

for the Period Ended 31 May 2024




Director: Christopher Gerard Fitzpatrick
Deborah Elizabeth Fitzpatrick
Secretary: Linda Mary Downey
Registered office: Unit 3, Big Padlock
Ellis Ashton Street
Liverpool
Merseyside
England
L36 6BJ
Company Registration Number: 08541976 (England and Wales)

SOLE-MATES INSOLES LTD

Profit and Loss Account

for the Period Ended 31 May 2024


Notes

2024
£

2023
£
Gross Profit or (Loss) 19,592 38,955
Income from coronavirus (COVID-19) business support grants 0 0
Distribution Costs ( 17,293 ) ( 7,143 )
Administrative Expenses ( 2,364 ) ( 32,281 )
Operating Profit or (Loss) ( 65 ) ( 469 )
Interest Payable and Similar Charges ( 25 ) -
Profit or (Loss) Before Tax ( 90 ) ( 469 )
Profit or (Loss) for Period ( 90 ) ( 469 )

The notes form part of these financial statements

SOLE-MATES INSOLES LTD

Balance sheet

As at 31 May 2024


Notes

2024
£

2023
£
Fixed assets
Total fixed assets: - -
Current assets
Stocks: 150 2,500
Cash at bank and in hand: 1,989 198
Total current assets: 2,139 2,698
Creditors: amounts falling due within one year: ( 3,000 )
Net current assets (liabilities): 2,139 ( 302 )
Total assets less current liabilities: 2,139 ( 302 )
Total net assets (liabilities): 2,139 ( 302 )

The notes form part of these financial statements

SOLE-MATES INSOLES LTD

Balance sheet continued

As at 31 May 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 3 3
Profit and loss account: 2,136 ( 305 )
Shareholders funds: 2,139 ( 302 )

For the year ending 31 May 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 28 February 2025
And Signed On Behalf Of The Board By:

Name: Christopher Gerard Fitzpatrick
Status: Director

The notes form part of these financial statements

SOLE-MATES INSOLES LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    The turnover shown in the profit and loss account represents revenue recognised by the company in respect of goods and services supplied during the period, exclusive of Value Added Tac and trade discounts.

    Tangible fixed assets depreciation policy

    Depreciation is provide, after taking account of any grants receivable, annual rates in order to write off each asset over its estimated useful life. Freehold buildings - 2% on cost or revalued amounts, Plant and Machinery - 15% on cost, Fixtures and Fittings - 10% on cost, Motor Vehicles - 25% on cost.

    Intangible fixed assets amortisation policy

    Depreciation is provide, after taking account of any grants receivable, annual rates in order to write off each asset over its estimated useful life. Freehold buildings - 2% on cost or revalued amounts, Plant and Machinery - 15% on cost, Fixtures and Fittings - 10% on cost, Motor Vehicles - 25% on cost.

    Valuation information and policy

    Stocks and work-in-progress are value at the lower costs and net realisable value, after making sure allowances for obsolete and slow moving allowances. Costs include all direct expenditure and an appropriate proportion of fixed and variable overheads.

SOLE-MATES INSOLES LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 2 2

SOLE-MATES INSOLES LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 3. Off balance sheet disclosure

    No