Sortela Limited 11529866 true 2023-09-01 2024-08-31 2024-08-31 The principal activity of the company is consultancy Digita Accounts Production Advanced 6.30.9574.0 true Ana Carmen Deuerlein 11529866 2023-09-01 2024-08-31 11529866 2024-08-31 11529866 bus:OrdinaryShareClass1 2024-08-31 11529866 core:RetainedEarningsAccumulatedLosses 2024-08-31 11529866 core:CurrentFinancialInstruments 2024-08-31 11529866 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 11529866 core:FurnitureFittingsToolsEquipment 2024-08-31 11529866 bus:FRS102 2023-09-01 2024-08-31 11529866 bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 11529866 bus:FullAccounts 2023-09-01 2024-08-31 11529866 bus:RegisteredOffice 2023-09-01 2024-08-31 11529866 bus:CompanySecretaryDirector1 2023-09-01 2024-08-31 11529866 bus:OrdinaryShareClass1 2023-09-01 2024-08-31 11529866 bus:EntityNoLongerTradingButTradedInPast 2023-09-01 2024-08-31 11529866 bus:Consolidated 2023-09-01 2024-08-31 11529866 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 11529866 core:FurnitureFittings 2023-09-01 2024-08-31 11529866 countries:England 2023-09-01 2024-08-31 11529866 2023-08-31 11529866 core:FurnitureFittingsToolsEquipment 2023-08-31 11529866 2023-08-31 11529866 bus:OrdinaryShareClass1 2023-08-31 11529866 core:RetainedEarningsAccumulatedLosses 2023-08-31 11529866 core:CurrentFinancialInstruments 2023-08-31 11529866 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 11529866 core:FurnitureFittingsToolsEquipment 2023-08-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 11529866

Sortela Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 August 2024

 

Sortela Limited

Profit and Loss Account for the Year Ended 31 August 2024

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

 

Sortela Limited

(Registration number: 11529866)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

3

104,263

104,263

Current assets

 

Cash at bank and in hand

 

55

55

Creditors: Amounts falling due within one year

5

(10,841)

(10,841)

Net current liabilities

 

(10,786)

(10,786)

Net assets

 

93,477

93,477

Capital and reserves

 

Retained earnings

93,477

93,477

Shareholders' funds

 

93,477

93,477

For the financial year ending 31 August 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 7 May 2025
 

.........................................
Ana Carmen Deuerlein
Company secretary and director

 

Sortela Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Charles Rippin & Turner
Middlesex House
130 College Road
Harrow
Middlesex
HA1 1BQ

These financial statements were authorised for issue by the director on 7 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

20% Reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Sortela Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Sortela Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

3

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 September 2023

137,985

137,985

At 31 August 2024

137,985

137,985

Depreciation

At 1 September 2023

33,722

33,722

At 31 August 2024

33,722

33,722

Carrying amount

At 31 August 2024

104,263

104,263

At 31 August 2023

104,263

104,263

4

Cash and cash equivalents

2024
£

2023
£

Cash at bank

55

55

5

Creditors

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

2,942

2,942

Other payables

 

(1)

(1)

Accruals

 

7,900

7,900

 

10,841

10,841

6

Share capital

Allotted, called up and fully paid shares

 

Sortela Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

1

1

1

1

       

7

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Other borrowings

2,942

2,942