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Registered number: 13266642
Sovereign Services Leeds Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2025
Clear9 LTD
Chartered Certified Accountants
The Offices
57 Newtown Road
Hove
BN3 7BA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13266642
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 19,665 23,085
Tangible Assets 5 31,797 35,457
51,462 58,542
CURRENT ASSETS
Debtors 6 - 12,477
Cash at bank and in hand 45,782 49,523
45,782 62,000
Creditors: Amounts Falling Due Within One Year 7 (73,973 ) (88,247 )
NET CURRENT ASSETS (LIABILITIES) (28,191 ) (26,247 )
TOTAL ASSETS LESS CURRENT LIABILITIES 23,271 32,295
PROVISIONS FOR LIABILITIES
Deferred Taxation (4,263 ) (6,626 )
NET ASSETS 19,008 25,669
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 19,007 25,668
SHAREHOLDERS' FUNDS 19,008 25,669
Page 1
Page 2
For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Daniel Reid
Director
15/01/2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Sovereign Services Leeds Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13266642 . The registered office is 8 Marsden Park, York, YO30 4WX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% RB
Motor Vehicles 20% RB
Computer Equipment 20% RB
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
Page 3
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 34 (2024: 35)
34 35
4. Intangible Assets
Goodwill
£
Cost
As at 1 September 2024 34,200
As at 31 August 2025 34,200
Amortisation
As at 1 September 2024 11,115
Provided during the period 3,420
As at 31 August 2025 14,535
Net Book Value
As at 31 August 2025 19,665
As at 1 September 2024 23,085
5. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 September 2024 5,498 60,299 1,285 67,082
Additions - 4,290 - 4,290
As at 31 August 2025 5,498 64,589 1,285 71,372
Depreciation
As at 1 September 2024 2,470 28,858 297 31,625
Provided during the period 606 7,146 198 7,950
As at 31 August 2025 3,076 36,004 495 39,575
Net Book Value
As at 31 August 2025 2,422 28,585 790 31,797
As at 1 September 2024 3,028 31,441 988 35,457
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors - 9,106
Other debtors - 3,371
- 12,477
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Other creditors 47,271 51,677
Taxation and social security 26,702 36,570
73,973 88,247
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
Page 5