Registered number
10164358
Sosimple Digital Ltd
Filleted Accounts
31 December 2024
Sosimple Digital Ltd
Registered number: 10164358
Balance Sheet
as at 31 December 2024
Notes 31/12/24 29/2/24
£ £
Fixed assets
Tangible assets 3 19,411 24,430
Current assets
Debtors 4 1,030 78
Cash at bank and in hand 41,595 47,714
42,625 47,792
Creditors: amounts falling due within one year 5 (6,329) (19,519)
Net current assets 36,296 28,273
Net assets 55,707 52,703
Capital and reserves
Called up share capital 100 100
Profit and loss account 55,607 52,603
Shareholder's funds 55,707 52,703
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Mehmet Burak Ucakan
Director
Approved by the board on 30 May 2024
Sosimple Digital Ltd
Notes to the Accounts
for the period from 1 March 2024 to 31 December 2024
1 Accounting policies
Turnover
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. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
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.
2 Employees 31/12/24 29/2/24
Number Number
Average number of persons employed by the company 2 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 March 2024 3,921 20,509 24,430
At 31 December 2024 3,921 20,509 24,430
Depreciation
Charge for the period 624 4,395 5,019
At 31 December 2024 624 4,395 5,019
Net book value
At 31 December 2024 3,297 16,114 19,411
At 29 February 2024 3,921 20,509 24,430
4 Debtors 31/12/24 29/2/24
£ £
PAYE/NI 78 78
Directors loan account - Burak Ucakan 901 -
Big Yellow (security deposit) 51 -
1,030 78
5 Creditors: amounts falling due within one year 31/12/24 29/2/24
£ £
Trade creditors (2,787) -
Taxation and social security costs 9,116 12,768
Director's account - 6,751
6,329 19,519
6 Other information
Sosimple Digital Ltd is a private company limited by shares and incorporated in England. Its registered office is:
565 Green Lanes
Haringey
London
N8 0RL
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