Company Registration No. 10290308 (England and Wales)
Sofastyle Ltd
Unaudited accounts
for the year ended 31 July 2024
Sofastyle Ltd
Unaudited accounts
Contents
Sofastyle Ltd
Company Information
for the year ended 31 July 2024
Company Number
10290308 (England and Wales)
Registered Office
14 Avis Way
Newhaven
East Sussex
BN9 0DP
England
Sofastyle Ltd
Statement of financial position
as at 31 July 2024
Tangible assets
41,629
55,505
Cash at bank and in hand
35,097
35,966
Creditors: amounts falling due within one year
(165,643)
(142,403)
Net current assets
13,051
14,961
Total assets less current liabilities
54,680
70,466
Creditors: amounts falling due after more than one year
(38,210)
(57,067)
Called up share capital
100
100
Profit and loss account
16,370
13,299
Shareholders' funds
16,470
13,399
For the year ending 31 July 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 her 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 29 April 2025 and were signed on its behalf by
S L Gilbert
Director
Company Registration No. 10290308
Sofastyle Ltd
Notes to the Accounts
for the year ended 31 July 2024
Sofastyle Ltd is a private company, limited by shares, registered in England and Wales, registration number 10290308. The registered office is 14 Avis Way, Newhaven, East Sussex, BN9 0DP, 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.
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 August 2023
77,410
54,080
131,490
At 31 July 2024
77,410
54,080
131,490
At 1 August 2023
36,266
39,719
75,985
Charge for the year
10,286
3,590
13,876
At 31 July 2024
46,552
43,309
89,861
At 31 July 2024
30,858
10,771
41,629
At 31 July 2023
41,144
14,361
55,505
Amounts falling due within one year
Trade debtors
61,597
59,398
Sofastyle Ltd
Notes to the Accounts
for the year ended 31 July 2024
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
15,090
11,160
Obligations under finance leases and hire purchase contracts
11,474
11,474
Trade creditors
69,136
41,505
Taxes and social security
6,410
7,041
Loans from directors
46,132
44,840
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
25,680
37,006
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Average number of employees
During the year the average number of employees was 14 (2023: 13).