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REGISTERED NUMBER: 06990426 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

SOCIALOPTIC LIMITED

SOCIALOPTIC LIMITED (REGISTERED NUMBER: 06990426)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


SOCIALOPTIC LIMITED

COMPANY INFORMATION
for the Year Ended 31 August 2024







DIRECTORS: B M J Ellis
Mrs C C M Ellis





REGISTERED OFFICE: 2 Park Court
Pyrford Road
West Byfleet
Surrey
KT14 6SD





REGISTERED NUMBER: 06990426 (England and Wales)





ACCOUNTANTS: Pesters
2 Park Court
Pyrford Road
West Byfleet
Surrey
KT14 6SD

SOCIALOPTIC LIMITED (REGISTERED NUMBER: 06990426)

STATEMENT OF FINANCIAL POSITION
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 8,178 7,813
8,178 7,813

CURRENT ASSETS
Debtors 6 8,787 6,004
Cash at bank 68,018 94,750
76,805 100,754
CREDITORS
Amounts falling due within one year 7 75,199 73,416
NET CURRENT ASSETS 1,606 27,338
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,784

35,151

CAPITAL AND RESERVES
Called up share capital 115 115
Retained earnings 9,669 35,036
SHAREHOLDERS' FUNDS 9,784 35,151

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 April 2025 and were signed on its behalf by:





Mrs C C M Ellis - Director


SOCIALOPTIC LIMITED (REGISTERED NUMBER: 06990426)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2024


1. STATUTORY INFORMATION

SocialOptic Limited 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 presentation currency of the financial statements is the Pound 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales 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 etc - 25% on reducing balance

Research and development
Expenditure on development costs are capitalised as these relate to a defined project which is expected to produce future revenue streams and profitability. Development costs will be amortised over the expected useful life of the product developed once sales commence.

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 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 September 2023
and 31 August 2024 25,000
AMORTISATION
At 1 September 2023
and 31 August 2024 25,000
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

SOCIALOPTIC LIMITED (REGISTERED NUMBER: 06990426)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2024


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023 16,414
Additions 3,405
Disposals (2,670 )
At 31 August 2024 17,149
DEPRECIATION
At 1 September 2023 8,601
Charge for year 2,449
Eliminated on disposal (2,079 )
At 31 August 2024 8,971
NET BOOK VALUE
At 31 August 2024 8,178
At 31 August 2023 7,813

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 3,780 2,496
Other debtors 5,007 3,508
8,787 6,004

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 50 27
Taxation and social security 8,811 6,974
Other creditors 66,338 66,415
75,199 73,416

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end the Company owed the Directors the sum of £752 (2023 - £223). This loan is interest free and repayable on demand.