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REGISTERED NUMBER: 07597243 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

SOUL-TRADING LTD
TRADING AS
BOUNCE VINTAGE

SOUL-TRADING LTD (REGISTERED NUMBER: 07597243)
TRADING AS BOUNCE VINTAGE






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 8

SOUL-TRADING LTD
TRADING AS BOUNCE VINTAGE

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: S J Kitchen
Mrs R L Kitchen





REGISTERED OFFICE: 45 Queen Street
Deal
Kent
CT14 6EY





REGISTERED NUMBER: 07597243 (England and Wales)





ACCOUNTANTS: Higson & Co (Deal) Ltd
45 Queen Street
Deal
Kent
CT14 6EY

SOUL-TRADING LTD (REGISTERED NUMBER: 07597243)
TRADING AS BOUNCE VINTAGE

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 29,916 39,040

CURRENT ASSETS
Stocks 5 4,700 5,500
Debtors 6 22,694 16,143
Cash at bank and in hand 438 13,253
27,832 34,896
CREDITORS
Amounts falling due within one year 7 24,274 19,745
NET CURRENT ASSETS 3,558 15,151
TOTAL ASSETS LESS CURRENT
LIABILITIES

33,474

54,191

CREDITORS
Amounts falling due after more than one
year

8

(27,394

)

(33,248

)

PROVISIONS FOR LIABILITIES 10 (5,684 ) (7,418 )
NET ASSETS 396 13,525

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 296 13,425
SHAREHOLDERS' FUNDS 396 13,525

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

SOUL-TRADING LTD (REGISTERED NUMBER: 07597243)
TRADING AS BOUNCE VINTAGE

BALANCE SHEET - continued
30 APRIL 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 March 2025 and were signed on its behalf by:




S J Kitchen - Director



Mrs R L Kitchen - Director


SOUL-TRADING LTD (REGISTERED NUMBER: 07597243)
TRADING AS BOUNCE VINTAGE

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Soul-Trading Ltd 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.

The financial statements are presented in round pounds £ sterling.

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.

Critical accounting judgements and key sources of estimation uncertainty
The judgements and estimates applied in the accounting policies are in line with industry standards and have not made a significant impact on the amounts recognised in the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from the sale of goods is recognised when the Company has transferred the significant risks and rewards of ownership to the buyer, and the amount of revenue and costs incurred can be measured reliably.

Revenue is measured as the fair value of the consideration received, excluding discounts, rebates, VAT, and import 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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to sell. Cost is based on the cost of the purchase on a first in first out basis.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to sell. The impairment loss is recognised immediately in the profit and loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


SOUL-TRADING LTD (REGISTERED NUMBER: 07597243)
TRADING AS BOUNCE VINTAGE

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. ACCOUNTING POLICIES - continued
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.

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 10 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 24,212 8,225 32,195 13,143 77,775
Additions - 699 - - 699
At 30 April 2024 24,212 8,924 32,195 13,143 78,474
DEPRECIATION
At 1 May 2023 6,529 6,025 18,266 7,915 38,735
Charge for year 4,420 614 3,482 1,307 9,823
At 30 April 2024 10,949 6,639 21,748 9,222 48,558
NET BOOK VALUE
At 30 April 2024 13,263 2,285 10,447 3,921 29,916
At 30 April 2023 17,683 2,200 13,929 5,228 39,040

5. STOCKS
2024 2023
£    £   
Stocks 4,700 5,500

SOUL-TRADING LTD (REGISTERED NUMBER: 07597243)
TRADING AS BOUNCE VINTAGE

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 328 4,514
Other debtors 6,875 11,629
Directors' current accounts 14,752 -
Tax 739 -
22,694 16,143

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9) 10,238 6,104
Trade creditors 3,248 398
Tax - 1,358
Social security and other taxes 580 437
Pensions Payable 282 78
VAT 8,817 7,263
Directors' current accounts - 3,125
Accrued expenses 1,109 982
24,274 19,745

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 9) 27,394 33,248

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 4,134 -
Bank loans 6,104 6,104
10,238 6,104

Amounts falling due between one and two years:
Bank loans - 1-2 years 6,104 6,104

Amounts falling due between two and five years:
Bank loans - 2-5 years 21,290 27,144

SOUL-TRADING LTD (REGISTERED NUMBER: 07597243)
TRADING AS BOUNCE VINTAGE

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 5,684 7,418

Deferred
tax
£   
Balance at 1 May 2023 7,418
Provided during year (1,734 )
Balance at 30 April 2024 5,684

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the following Directors Loans subsisted at the year end;

Directors loan
Member of key management personnel.

During the year the Directors advanced the Company £7,524 (2023: £13,111).
During the year the Company made repayments to the Directors amounting to £25,401 (2023: £13,351).

The amounts due to the Company at the year end amounted to £14,752 (2023: £3,125 due to Directors).

The outstanding loans were repaid within 9 months of the year end.

SOUL-TRADING LTD
TRADING AS BOUNCE VINTAGE

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
SOUL-TRADING LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 April 2024 set out on pages one to thirteen and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Higson & Co (Deal) Ltd
45 Queen Street
Deal
Kent
CT14 6EY


Date: .............................................