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Company Registration No. 10290308 (England and Wales)
Sofastyle Ltd Unaudited accounts for the year ended 31 July 2024
Sofastyle Ltd Unaudited accounts Contents
Page
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Sofastyle Ltd Company Information for the year ended 31 July 2024
Director
S L Gilbert
Company Number
10290308 (England and Wales)
Registered Office
14 Avis Way Newhaven East Sussex BN9 0DP England
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Sofastyle Ltd Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
41,629 
55,505 
Current assets
Inventories
82,000 
62,000 
Debtors
61,597 
59,398 
Cash at bank and in hand
35,097 
35,966 
178,694 
157,364 
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)
Net assets
16,470 
13,399 
Capital and reserves
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
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Sofastyle Ltd Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
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.
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.
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 
Depreciation
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 
Net book value
At 31 July 2024
30,858 
10,771 
41,629 
At 31 July 2023
41,144 
14,361 
55,505 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
61,597 
59,398 
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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 
VAT
11,514 
21,173 
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 
Accruals
5,887 
5,210 
165,643 
142,403 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
12,530 
20,061 
Obligations under finance leases and hire purchase contracts
25,680 
37,006 
38,210 
57,067 
8
Average number of employees
During the year the average number of employees was 14 (2023: 13).
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