| Registered Number:15568848 |
For the period 16 March 2024 to 31 March 2025
England and Wales
Unaudited Financial Statements
For the period 16 March 2024 to 31 March 2025
Socket Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
Socket Limited
Statement of Financial Position
2025
| Property, plant and equipment |
558
2
558
| Trade and other receivables |
25,200
3
| Cash and cash equivalents |
94,468
119,668
| Trade and other payables: amounts falling due within one year |
(50,674)
4
68,994
Net current assets
| Total assets less current liabilities |
69,552
(148)
| Provisions for liabilities |
69,404
Net assets/liabilities
1
69,403
69,404
Shareholders' funds
| For the period 16 March 2024 to 31 March 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 of its financial statements for the period 16 March 2024 to 31 March 2025 in accordance with Section 476 of the Companies Act 2006 |
| The director acknowledges her responsibilities for:a) ensuring that the company keeps proper 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 Section 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| These financial statements were approved and authorised for issue by the Board on 07 August 2025 and were signed by: |
| The notes form part of these financial statements |
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For the period 16 March 2024 to 31 March 2025
Socket Limited
Notes to the Financial Statements
Statutory Information
| Socket Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number 15568848. |
97 Claude Road
Manchester
M21 8DE
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting |
| Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006. |
| The financial statements have been prepared under the historical costs convention as modified by the revaluation of certain |
| assets. |
Revenue recognition
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes. |
Property, plant and equipment
| Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Computer Equipment
Deferred tax
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
Pension costs and other post-retirement benefits
| The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable. |
| 2. Property, plant and equipment |
833
833
| Provision for depreciation and impairment |
Charge for period
275
275
558
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For the period 16 March 2024 to 31 March 2025
Socket Limited
Notes to the Financial Statements Continued
| 3. Trade and other receivables |
2025
25,200
| 4. Trade and other payables: amounts falling due within one year |
2025
| Taxation and social security |
46,690
3,984
50,674
| 5. Related party transactions |
| Included within other creditors is the balance of £3,744 relating to the directors loan account. This loan is interest free with no |
| fixed date of repayment. |
| 6. Average number of persons employed |
During the year the average number of employees was 1
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