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Company Registration No. 15475017 (England and Wales)
Soulcas Ltd Unaudited accounts for the period from 9 February 2024 to 28 February 2025
Soulcas Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Soulcas Ltd Company Information for the period from 9 February 2024 to 28 February 2025
Director
Dominic Sulcas
Company Number
15475017 (England and Wales)
Registered Office
40 Willoughby Road London N8 0JG United Kingdom
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Soulcas Ltd Statement of financial position as at 28 February 2025
2025
Notes
£
Fixed assets
Tangible assets
4
1,727
Current assets
Debtors
5
1,649
Cash at bank and in hand
9,995
11,644
Creditors: amounts falling due within one year
6
(7,108)
Net current assets
4,536
Net assets
6,263
Capital and reserves
Called up share capital
7
1
Profit and loss account
6,262
Shareholders' funds
6,263
For the period ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 4 November 2025 and were signed on its behalf by
Dominic Sulcas Director Company Registration No. 15475017
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Soulcas Ltd Notes to the Accounts for the period from 9 February 2024 to 28 February 2025
1
Statutory information
Soulcas Ltd is a private company, limited by shares, registered in England and Wales, registration number 15475017. The registered office is 40, Willoughby Road, London, N8 0JG, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
20% reducing balance method
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Cash and cash equivalent
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to known amount of cash and are subject to an insignificant risk of change in value.
Taxation
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
Expenses
Expenses are recognized in the period in which they are incurred, regardless of when payment is made.
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Soulcas Ltd Notes to the Accounts for the period from 9 February 2024 to 28 February 2025
Going concern
The Director has reasonable expectation that the Company will have adequate resources to continue in operational existence for the foreseeable future. The Company therefore continue to adopt the Going Concern basis for preparing it's financial statements.
Judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
4
Tangible fixed assets
Computer equipment
£
Cost or valuation
At cost
At 9 February 2024
-
Additions
2,159
At 28 February 2025
2,159
Depreciation
Charge for the period
432
At 28 February 2025
432
Net book value
At 28 February 2025
1,727
5
Debtors
2025
£
Amounts falling due within one year
Other debtors
1,649
6
Creditors: amounts falling due within one year
2025
£
Taxes and social security
5,858
Accruals
1,250
7,108
7
Share capital
2025
£
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
8
Average number of employees
During the period the average number of employees was 1.
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