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SOUL REFORMER LTD

Registered Number
14314357
(England and Wales)

Unaudited Financial Statements for the Year ended
31 August 2024

SOUL REFORMER LTD
Company Information
for the year from 1 September 2023 to 31 August 2024

Directors

Joshua Baxendell
Jennifer Morris

Registered Address

125a King Street Knutsford King Street
Knutsford
WA16 6EH

Registered Number

14314357 (England and Wales)
SOUL REFORMER LTD
Balance Sheet as at
31 August 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets3417467
Tangible assets439,42471,508
39,84171,975
Current assets
Stocks53,8003,800
Debtors62,5509,082
Cash at bank and on hand11,32017,642
17,67030,524
Creditors amounts falling due within one year7(51,960)(71,141)
Net current assets (liabilities)(34,290)(40,617)
Total assets less current liabilities5,55131,358
Net assets5,55131,358
Capital and reserves
Called up share capital1001
Profit and loss account5,45131,357
Shareholders' funds5,55131,358
The financial statements were approved and authorised for issue by the Board of Directors on 29 April 2025, and are signed on its behalf by:
Joshua Baxendell
Director
Registered Company No. 14314357
SOUL REFORMER LTD
Notes to the Financial Statements
for the year ended 31 August 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. These critical accounting judgements and estimations are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The critical judgements made by management that have a significant effect on the amounts recognised in the financial statements are described below.
Turnover policy
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.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Intangible assets
Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Land and buildings2
Plant and machinery4
Office Equipment5
Stocks and work in progress
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
2.Average number of employees

20242023
Average number of employees during the year23
3.Intangible assets

Other

Total

££
Cost or valuation
At 01 September 23500500
At 31 August 24500500
Amortisation and impairment
At 01 September 233333
Charge for year5050
At 31 August 248383
Net book value
At 31 August 24417417
At 31 August 23467467
4.Tangible fixed assets

Land & buildings

Plant & machinery

Office Equipment

Total

££££
Cost or valuation
At 01 September 2352,91533,416-86,331
Additions-24,35591625,271
Disposals(2,645)--(2,645)
At 31 August 2450,27057,771916108,957
Depreciation and impairment
At 01 September 239,0695,754-14,823
Charge for year43,84610,69017454,710
At 31 August 2452,91516,44417469,533
Net book value
At 31 August 24(2,645)41,32774239,424
At 31 August 2343,84627,662-71,508
5.Stocks

2024

2023

££
Raw materials and consumables3,8003,800
Total3,8003,800
6.Debtors: amounts due within one year

2024

2023

££
Other debtors506,582
Prepayments and accrued income2,5002,500
Total2,5509,082
Short term trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
7.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables17,88215,004
Taxation and social security3,2241,894
Other creditors10,79634,661
Accrued liabilities and deferred income20,05819,582
Total51,96071,141
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
8.Provisions for liabilities
Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of going the amount of the obligation. Provisions are charged as an expense to the profit and loss account in the year that the company becomes aware of the obligation and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the balance sheet.