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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
Page
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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
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THE SOLE SUPPLIER LIMITED Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
- 
168,675 
Tangible assets
12,727 
21,494 
12,727 
190,169 
Current assets
Debtors
867,761 
1,503,182 
Investments
17,974 
17,974 
Cash at bank and in hand
484,918 
746,818 
1,370,653 
2,267,974 
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 
Capital and reserves
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
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THE SOLE SUPPLIER LIMITED Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 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.
Intangible fixed assets
Web development is amortised to profit and loss account over its estimated economic life of four years.
Research and development
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
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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
Foreign Currencies
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 
£ 
Cost
At 1 July 2023
2,170,269 
At 30 June 2024
2,170,269 
Amortisation
At 1 July 2023
2,001,594 
Charge for the year
168,675 
At 30 June 2024
2,170,269 
Net book value
At 30 June 2024
- 
At 30 June 2023
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 
Additions
3,981 
- 
3,981 
At 30 June 2024
47,948 
67,404 
115,352 
Depreciation
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 
Net book value
At 30 June 2024
8,895 
3,832 
12,727 
At 30 June 2023
11,718 
9,776 
21,494 
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THE SOLE SUPPLIER LIMITED Notes to the Accounts for the year ended 30 June 2024
6
Debtors
2024 
2023 
£ 
£ 
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 
867,761 
1,503,182 
7
Investments held as current assets
2024 
2023 
£ 
£ 
Listed investments
17,500 
17,500 
Unlisted investments
474 
474 
17,974 
17,974 
8
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
181,168 
590,508 
VAT
187,662 
175,658 
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)
Accruals
4,300 
14,528 
418,589 
738,450 
9
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
235,284 
416,452 
10
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Mr George Sullivan
21,847 
- 
- 
21,847 
21,847 
- 
- 
21,847 
The above loan is unsecured, interest free and repayable on demand.
11
Controlling party
The company's ultimate controlling party is director by virtue of his ownership of 100% of the issued share capital in the company.
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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).
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