Company Registration No. 09098756 (England and Wales)
THE SOLE SUPPLIER LIMITED
Unaudited accounts
for the year ended 30 June 2024
THE SOLE SUPPLIER LIMITED
Unaudited accounts
Contents
THE SOLE SUPPLIER LIMITED
Company Information
for the year ended 30 June 2024
Director
Mr George Sullivan
Company Number
09098756 (England and Wales)
Registered Office
86-90 PAUL STREET
3RD FLOOR
LONDON
ENGLAND
Accountants
Arth Limited
655 Milton Keynes Business Centre
Foxhunter Drive
Milton Keynes
Buckinghamshire
MK14 6GD
THE SOLE SUPPLIER LIMITED
Statement of financial position
as at 30 June 2024
Intangible assets
-
168,675
Tangible assets
12,727
21,494
Cash at bank and in hand
484,918
746,818
Creditors: amounts falling due within one year
(418,589)
(738,450)
Net current assets
952,064
1,529,524
Total assets less current liabilities
964,791
1,719,693
Creditors: amounts falling due after more than one year
(235,284)
(416,452)
Provisions for liabilities
Deferred tax
(102,790)
(102,790)
Net assets
626,717
1,200,451
Called up share capital
100
100
Profit and loss account
626,617
1,200,351
Shareholders' funds
626,717
1,200,451
For the year ending 30 June 2024 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 December 2024 and were signed on its behalf by
Mr George Sullivan
Director
Company Registration No. 09098756
THE SOLE SUPPLIER LIMITED
Notes to the Accounts
for the year ended 30 June 2024
THE SOLE SUPPLIER LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09098756. The registered office is 86-90 PAUL STREET, 3RD FLOOR, LONDON, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Web development is amortised to profit and loss account over its estimated economic life of four years.
Expenditure on research and development is written off in the year it is incurred, or where considered appropriate some R&D expenditure is also capitalised within intangible assets
THE SOLE SUPPLIER LIMITED
Notes to the Accounts
for the year ended 30 June 2024
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & fittings
25% reducing balance basis
Computer equipment
25% reducing balance basis
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
4
Intangible fixed assets
Other
Charge for the year
168,675
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 July 2023
43,967
67,404
111,371
At 30 June 2024
47,948
67,404
115,352
At 1 July 2023
32,249
57,628
89,877
Charge for the year
6,804
5,944
12,748
At 30 June 2024
39,053
63,572
102,625
At 30 June 2024
8,895
3,832
12,727
At 30 June 2023
11,718
9,776
21,494
THE SOLE SUPPLIER LIMITED
Notes to the Accounts
for the year ended 30 June 2024
Amounts falling due after more than one year
Trade debtors
84,452
63,110
Amounts due from group undertakings etc.
84,710
128,710
Accrued income and prepayments
676,080
1,227,783
Other debtors
22,519
83,579
7
Investments held as current assets
2024
2023
Listed investments
17,500
17,500
Unlisted investments
474
474
8
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
181,168
590,508
Trade creditors
179,643
25,807
Taxes and social security
(182,173)
(115,735)
Other creditors
47,751
69,531
Loans from directors
238
(21,847)
9
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
235,284
416,452
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
The above loan is unsecured, interest free and repayable on demand.
The company's ultimate controlling party is director by virtue of his ownership of 100% of the issued share capital in the company.
THE SOLE SUPPLIER LIMITED
Notes to the Accounts
for the year ended 30 June 2024
12
Average number of employees
During the year the average number of employees was 47 (2023: 47).