Sokol Books Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04218764

SOKOL BOOKS LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 July 2025

SOKOL BOOKS LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31st JULY 2025

CONTENTS	PAGE

Officers and professional advisers	1

Chartered certified accountants report to the director on the preparation of the unaudited statutory financial statements	2

Statement of financial position	3

Notes to the financial statements	5

SOKOL BOOKS LIMITED

OFFICERS AND PROFESSIONAL ADVISERS

Director	C J F Sokol

Company secretary	I G McClean

Registered office	106-107 Dowgate Hill House
	14-16 Dowgate Hill
	London
	EC4R 2SU

Accountants	Colne Valley Business Services LLP t/a Cloke & Co
	Chartered Certified Accountants
	106-107 Dowgate Hill House
	14-16 Dowgate Hill
	London
	EC4R 2SU

SOKOL BOOKS LIMITED

CHARTERED CERTIFIED ACCOUNTANTS REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF SOKOL BOOKS LIMITED

YEAR ENDED 31st JULY 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Sokol Books Limited for the year ended 31st July 2025, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html. This report is made solely to the director of Sokol Books Limited in accordance with the terms of our engagement letter dated 1st August 2017. Our work has been undertaken solely to prepare for your approval the financial statements of Sokol Books Limited and state those matters that we have agreed to state to you in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sokol Books Limited and its director for our work or for this report.

It is your duty to ensure that Sokol Books Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Sokol Books Limited. You consider that Sokol Books Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Sokol Books Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Colne Valley Business Services LLP t/a Cloke & Co Chartered Certified Accountants

106-107 Dowgate Hill House 14-16 Dowgate Hill London EC4R 2SU

27 April 2026

SOKOL BOOKS LIMITED

STATEMENT OF FINANCIAL POSITION

31 July 2025

	2025		2024
Note	£	£	£

FIXED ASSETS

Intangible assets	5	1	1
Tangible assets	6	1,088	1,450
		-------	-------
		1,089	1,451

CURRENT ASSETS

Stocks		1,345,404	1,131,745
Debtors	7	791,048	790,755
Cash at bank and in hand		134,112	373,451
		------------	------------
		2,270,564	2,295,951

CREDITORS: amounts falling due within one year	8	39,265		120,943
		------------		------------
NET CURRENT ASSETS			2,231,299	2,175,008
			------------	------------
TOTAL ASSETS LESS CURRENT LIABILITIES			2,232,388	2,176,459

PROVISIONS

Taxation including deferred tax	214	358
	------------	------------
NET ASSETS	2,232,174	2,176,101
	------------	------------

SOKOL BOOKS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 July 2025

	2025		2024
Note	£	£	£

CAPITAL AND RESERVES

Called up share capital	19,500	22,100
Profit and loss account	2,212,674	2,154,001
	------------	------------
SHAREHOLDERS FUNDS	2,232,174	2,176,101
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31st July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 27 April 2026 , and are signed on behalf of the board by:

C J F Sokol
Director

Company registration number: 04218764

SOKOL BOOKS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31st JULY 2025

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 106-107 Dowgate Hill House, 14-16 Dowgate Hill, London, EC4R 2SU.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

BASIS OF PREPARATION

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

COMMISSION PAYABLE

The commission paid on the purchase of books from auction houses is shown as an expense and not as part of the cost of the purchase.

REVENUE RECOGNITION

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax, only for items where the book sale has been approved by the customer.

INCOME TAX

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

FOREIGN CURRENCIES

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

AMORTISATION

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	10% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

TANGIBLE ASSETS

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

DEPRECIATION

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Furniture & Fixtures	-	25% reducing balance
Computer Equipment	-	33% straight line
Leasehold Improvements	-	20% straight line

IMPAIRMENT OF FIXED ASSETS

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

STOCKS

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

PROVISIONS

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

FINANCIAL INSTRUMENTS

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 4 (2024: 5 ).

5. INTANGIBLE ASSETS

	Goodwill
	£
Cost
At 1st August 2024 and 31st July 2025	11,000
	--------
Amortisation
At 1st August 2024 and 31st July 2025	10,999
	--------
Carrying amount
At 31st July 2025	1
	--------
At 31st July 2024	1
	--------

6. TANGIBLE ASSETS

	Fixtures and fittings	Equipment	Leasehold Improvements	Total
	£	£	£	£
Cost
At 1st August 2024 and 31st July 2025	18,658	6,454	16,365	41,477
	--------	-------	--------	--------
Depreciation
At 1st August 2024	17,210	6,453	16,364	40,027
Charge for the year	362	–	–	362
	--------	-------	--------	--------
At 31st July 2025	17,572	6,453	16,364	40,389
	--------	-------	--------	--------
Carrying amount
At 31st July 2025	1,086	1	1	1,088
	--------	-------	--------	--------
At 31st July 2024	1,448	1	1	1,450
	--------	-------	--------	--------

7. DEBTORS

	2025	2024
	£	£
Other debtors	791,048	790,755
	---------	---------

8. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	–	50,000
Trade creditors	6,858	2,752
Corporation tax	20,834	54,051
Social security and other taxes	5,462	3,792
Other creditors	6,111	10,348
	--------	---------
	39,265	120,943
	--------	---------

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year the director entered into the following advances and credits with the company:

	2025
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
C J F Sokol	606,672	116,418	( 121,668)	601,422
	---------	---------	---------	---------

	2024
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
C J F Sokol	499,229	315,447	( 208,004)	606,672
	---------	---------	---------	---------

Interest on the loan to the director is charged at 2.25% per annum. The loan is repayable on demand.

10. RELATED PARTY TRANSACTIONS

The company was under the control of C J Sokol throughout the current and previous year. C J Sokol is the sole director and only shareholder, and as a result of this shareholding was paid dividends in the year of £30,000 (2024 - £-). During the year, Sokol Books Limited paid £18,000 (2024 - £18,000) to C J Sokol as rent due for the premises from which it trades.