Company Registration No. 10162564 (England and Wales)
sofa success ltd
Unaudited accounts
for the year ended 31 May 2025
sofa success ltd
Unaudited accounts
Contents
sofa success ltd
Company Information
for the year ended 31 May 2025
Company Number
10162564 (England and Wales)
Registered Office
oakley house
oakley rd
battledown cheltenham
gloucester
gl52 6nz
england
sofa success ltd
Statement of financial position
as at 31 May 2025
Tangible assets
65,903
74,331
Inventories
55,000
249,500
Cash at bank and in hand
2,945
131,769
Creditors: amounts falling due within one year
(386,497)
(522,623)
Net current liabilities
(308,841)
(76,924)
Total assets less current liabilities
(242,938)
(2,593)
Creditors: amounts falling due after more than one year
(550,000)
(550,000)
Net liabilities
(792,938)
(552,593)
Called up share capital
1
1
Profit and loss account
(792,939)
(552,594)
Shareholders' funds
(792,938)
(552,593)
For the year ending 31 May 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 24 April 2026 and were signed on its behalf by
a smith
Director
Company Registration No. 10162564
sofa success ltd
Notes to the Accounts
for the year ended 31 May 2025
sofa success ltd is a private company, limited by shares, registered in England and Wales, registration number 10162564. The registered office is oakley house, oakley rd, battledown cheltenham, gloucester, gl52 6nz, england.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
the company has now retained a small profit and increased income and profits are expected for the following years accounts.
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2024
88,247
1,088
6,013
95,348
At 31 May 2025
88,247
1,088
6,013
95,348
At 1 June 2024
14,353
651
6,013
21,017
Charge for the year
8,210
218
-
8,428
At 31 May 2025
22,563
869
6,013
29,445
At 31 May 2025
65,684
219
-
65,903
At 31 May 2024
73,894
437
-
74,331
Amounts falling due within one year
Accrued income and prepayments
19,711
64,430
sofa success ltd
Notes to the Accounts
for the year ended 31 May 2025
6
Creditors: amounts falling due within one year
2025
2024
Trade creditors
383,452
519,451
7
Creditors: amounts falling due after more than one year
2025
2024
Trade creditors
550,000
550,000
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
9
Transactions with related parties
sofas express has supplied goods to the total off £1066500 (nett) to sofas Success
10
Average number of employees
During the year the average number of employees was 6 (2024: 6).