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Company Registration No. 05626436 (England and Wales)
Sovalli Limited Unaudited accounts for the year ended 30 November 2024
Sovalli Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Sovalli Limited Company Information for the year ended 30 November 2024
Director
Christopher Russell Jones
Secretary
CD Nominees Limited
Company Number
05626436 (England and Wales)
Registered Office
Westbourne House Main Street Haltwhistle NE49 0AZ United Kingdom
Accountants
Christian Dodd Westbourne House Main Street Haltwhistle Northumberland NE49 0AZ
- 3 -
Sovalli Limited Statement of financial position as at 30 November 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
77,892 
129,271 
Investments
5
7,250 
7,250 
85,142 
136,521 
Current assets
Inventories
151,238 
148,780 
Debtors
6
2,213,932 
1,429,976 
Cash at bank and in hand
40,471 
39,299 
2,405,641 
1,618,055 
Creditors: amounts falling due within one year
7
(1,592,539)
(1,028,223)
Net current assets
813,102 
589,832 
Total assets less current liabilities
898,244 
726,353 
Creditors: amounts falling due after more than one year
8
(12,285)
(48,556)
Provisions for liabilities
Deferred tax
- 
(32,317)
Net assets
885,959 
645,480 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
885,859 
645,380 
Shareholders' funds
885,959 
645,480 
For the year ending 30 November 2024 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 29 November 2025 and were signed on its behalf by
Christopher Russell Jones Director Company Registration No. 05626436
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Sovalli Limited Notes to the Accounts for the year ended 30 November 2024
1
Statutory information
Sovalli Limited is a private company, limited by shares, registered in England and Wales, registration number 05626436. The registered office is Westbourne House, Main Street, Haltwhistle, NE49 0AZ, 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 remained unchanged from the previous year, and also 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.
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:
Plant & machinery
25% on cost
Motor vehicles
25% on cost
Fixtures & fittings
20% on cost
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments. The interest element of these obligations is charged to the profit and loss account over the period. The capital element of the future payments is treated as a liability.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Ulitmate Parent Undertaking
At the balance sheet date the company's parent undertaking was Shawfield Park Limited a company registered in England and Wales whose registered office is at Westbourne House, Main Street, Haltwhistle, NE49 0AZ. Shawfield Park Limited is exempt from the requirement to prepare group accounts.
- 5 -
Sovalli Limited Notes to the Accounts for the year ended 30 November 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 December 2023
2,474 
319,533 
30,165 
64,547 
416,719 
Additions
5,732 
- 
2,252 
7,582 
15,566 
At 30 November 2024
8,206 
319,533 
32,417 
72,129 
432,285 
Depreciation
At 1 December 2023
1,406 
220,803 
15,755 
49,484 
287,448 
Charge for the year
794 
53,033 
4,084 
9,034 
66,945 
At 30 November 2024
2,200 
273,836 
19,839 
58,518 
354,393 
Net book value
At 30 November 2024
6,006 
45,697 
12,578 
13,611 
77,892 
At 30 November 2023
1,068 
98,730 
14,410 
15,063 
129,271 
2024 
2023 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Motor vehicles
35,845 
80,428 
5
Investments
Other investments 
£ 
Valuation at 1 December 2023
7,250 
Valuation at 30 November 2024
7,250 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
14,047 
25,190 
Amounts due from group undertakings etc.
1,614,334 
1,122,174 
Deferred tax asset
148,548 
- 
Accrued income and prepayments
16,604 
13,717 
Other debtors
1,056 
54,548 
1,794,589 
1,215,629 
Amounts falling due after more than one year
Other debtors
419,343 
214,347 
- 6 -
Sovalli Limited Notes to the Accounts for the year ended 30 November 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
22,255 
20,000 
VAT
106,620 
129,287 
Obligations under finance leases and hire purchase contracts
14,673 
41,490 
Trade creditors
7,342 
23,617 
Taxes and social security
394,047 
211,263 
Other creditors
10,590 
24,383 
Accruals
1,037,012 
578,183 
1,592,539 
1,028,223 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
6,308 
28,702 
Obligations under finance leases and hire purchase contracts
5,977 
19,854 
12,285 
48,556 
Hire purchase contracts are secured by the assets to which they relate. Bank borrowings are secured by a fixed and floating charge over the company's assets.
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Christopher Russell Jones
160,260 
199,756 
50,270 
309,746 
160,260 
199,756 
50,270 
309,746 
Interest was charged on the loan at 2.25%.
10
Average number of employees
During the year the average number of employees was 14 (2023: 13).
- 7 -