Socket Consulting Ltd

	Page
Balance Sheet	1
Notes to the Financial Statements	2—4

1. General Information

Socket Consulting Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 15278986 . The registered office is 68 Xavier Buildings, 10 Westfields Road, London, E20 1NG.

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. 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:

Computer Equipment

20% SL

2.4. 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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 4

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Socket Consulting Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

4. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 December 2024	5,054
Additions	1,396

As at 30 November 2025	6,450

Depreciation
As at 1 December 2024	1,052
Provided during the period	1,290

As at 30 November 2025	2,342

Net Book Value
As at 30 November 2025	4,108

As at 1 December 2024	4,002

5. Debtors

	2025
	£
Due within one year
Trade debtors	59,460
Other debtors	2,013

	61,473
Due after more than one year
Amounts owed by group undertakings	11,479

	72,952

6. Creditors: Amounts Falling Due Within One Year

	2025
	£
Other creditors	2,733
Taxation and social security	157,952

	160,685

7. Share Capital

	2025
	£
Allotted, Called up and fully paid	100

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Socket Consulting Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

8. Related Party Transactions

David Crowley

Director

The director provided the company with an unsecured loan. The balance at the year end was £1,268. This is interest free and repayable on demand.

Socket Property Ltd

Company under joint control

The company loaned Socket Property Ltd £60. The loan is interest free and repayable on demand.

Socket Holdings Ltd

Parent undertaking

The company loaned Socket Holdings Ltd £11,419 (2024 £100). The loan is interest free and repayable on demand.

9. Ultimate Controlling Party

The company's ultimate controlling party is Socket Holdings Ltd by virtue of their ownership of 100% of the issued share capital in the company.

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		2025
	Notes	£	£
FIXED ASSETS
Tangible Assets	4		4,108

			4,108
CURRENT ASSETS
Debtors	5	72,952
Cash at bank and in hand		213,769

		286,721
Creditors: Amounts Falling Due Within One Year	6	(160,685 )

NET CURRENT ASSETS (LIABILITIES)			126,036

TOTAL ASSETS LESS CURRENT LIABILITIES			130,144

NET ASSETS			130,144

CAPITAL AND RESERVES
Called up share capital	7		100
Profit and Loss Account			130,044

SHAREHOLDERS' FUNDS			130,144