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REGISTERED NUMBER: 01966238 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

SODASKILL LIMITED

SODASKILL LIMITED (REGISTERED NUMBER: 01966238)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SODASKILL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTORS: S Gill
S S Gill





SECRETARY: Mrs M K Gill





REGISTERED OFFICE: 1&2 Mercia Business Village
Torwood Close
Westwood Business Park
Coventry
West Midlands
CV4 8HX





REGISTERED NUMBER: 01966238 (England and Wales)





ACCOUNTANTS: Armstrongs
Chartered Accountants and Tax Advisers
1 & 2 Mercia Village
Torwood Close
Westwood Business Park
Coventry
West Midlands
CV4 8HX

SODASKILL LIMITED (REGISTERED NUMBER: 01966238)

BALANCE SHEET
30 NOVEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 585,000 663,000
Tangible assets 5 95,976 54,623
Investments 6 1,004,830 -
1,685,806 717,623

CURRENT ASSETS
Stocks 7 58,370 53,494
Debtors 8 1,378,643 1,240,982
Cash at bank and in hand 133,934 56,539
1,570,947 1,351,015
CREDITORS
Amounts falling due within one year 9 855,640 492,799
NET CURRENT ASSETS 715,307 858,216
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,401,113

1,575,839

CREDITORS
Amounts falling due after more than one
year

10

(1,209,980

)

(365,879

)

PROVISIONS FOR LIABILITIES (24,019 ) (13,656 )
NET ASSETS 1,167,114 1,196,304

CAPITAL AND RESERVES
Called up share capital 336 336
Revaluation reserve 13 124,192 124,192
Capital redemption reserve 667 667
Retained earnings 1,041,919 1,071,109
SHAREHOLDERS' FUNDS 1,167,114 1,196,304

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

SODASKILL LIMITED (REGISTERED NUMBER: 01966238)

BALANCE SHEET - continued
30 NOVEMBER 2024


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 14 August 2025 and were signed on its behalf by:





S Gill - Director


SODASKILL LIMITED (REGISTERED NUMBER: 01966238)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1. STATUTORY INFORMATION

Sodaskill 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover from the sale of pharmaceutical goods is recognised when significant risks and rewards of ownership of the goods have transferred to buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on collection by the customer of pharmaceutical goods sold.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of twenty five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


SODASKILL LIMITED (REGISTERED NUMBER: 01966238)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 20 (2023 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2023
and 30 November 2024 1,950,000
AMORTISATION
At 1 December 2023 1,287,000
Amortisation for year 78,000
At 30 November 2024 1,365,000
NET BOOK VALUE
At 30 November 2024 585,000
At 30 November 2023 663,000

SODASKILL LIMITED (REGISTERED NUMBER: 01966238)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 December 2023 146,039 50,440 5,811 202,290
Additions 61,500 - 3,150 64,650
At 30 November 2024 207,539 50,440 8,961 266,940
DEPRECIATION
At 1 December 2023 130,372 15,377 1,918 147,667
Charge for year 11,575 8,765 2,957 23,297
At 30 November 2024 141,947 24,142 4,875 170,964
NET BOOK VALUE
At 30 November 2024 65,592 26,298 4,086 95,976
At 30 November 2023 15,667 35,063 3,893 54,623

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 December 2023
and 30 November 2024 46,290
DEPRECIATION
At 1 December 2023 11,573
Charge for year 8,765
At 30 November 2024 20,338
NET BOOK VALUE
At 30 November 2024 25,952
At 30 November 2023 34,717

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 1,004,830
At 30 November 2024 1,004,830
NET BOOK VALUE
At 30 November 2024 1,004,830

SODASKILL LIMITED (REGISTERED NUMBER: 01966238)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

7. STOCKS
2024 2023
£    £   
Stocks 58,370 53,494

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 338,683 471,247
Amounts owed by group undertakings 254,229 25,000
Amounts owed by participating interests 764,796 702,540
Other debtors 20,935 42,195
1,378,643 1,240,982

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 114,153 33,569
Hire purchase contracts (see note 11) 9,258 9,258
Trade creditors 387,600 216,242
Amounts owed to group undertakings 100,739 22,926
Taxation and social security 234,595 202,242
Other creditors 9,295 8,562
855,640 492,799

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 1,183,749 330,390
Hire purchase contracts (see note 11) 26,231 35,489
1,209,980 365,879

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 727,156 -

11. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year 9,258 9,258
Between one and five years 26,231 35,489
35,489 44,747

SODASKILL LIMITED (REGISTERED NUMBER: 01966238)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

12. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 1,297,897 363,959

Clydesdale Bank PLC holds fixed and floating charge over the undertaking and all property and assets present and future, including goodwill, uncalled capital, buildings, fixtures, fixed plant & machinery dated 15 October 2011.

13. RESERVES
Revaluation
reserve
£   
At 1 December 2023
and 30 November 2024 124,192