Company Registration No. 10528146 (England and Wales)
Sophian Limited
Unaudited accounts
for the year ended 31 December 2021
Sophian Limited
Unaudited accounts
Contents
Sophian Limited
Statement of financial position
as at 31 December 2021
Tangible assets
2,264
3,317
Cash at bank and in hand
70,091
125,300
Creditors: amounts falling due within one year
(50,881)
(62,787)
Net current assets
19,866
72,159
Total assets less current liabilities
22,130
75,476
Provisions for liabilities
Called up share capital
2
2
Profit and loss account
21,699
74,845
Shareholders' funds
21,701
74,847
For the year ending 31 December 2021 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 directors acknowledge their 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 of Directors and authorised for issue on 18 September 2022 and were signed on its behalf by
James Bate
Director
Company Registration No. 10528146
Sophian Limited
Notes to the Accounts
for the year ended 31 December 2021
Sophian Limited is a private company, limited by shares, registered in England and Wales, registration number 10528146. The registered office is 2 Moor Park Close, Beckwithshaw, Harrogate, North Yorkshire, HG3 1TR.
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:
Plant & machinery
20% Straight Line
Computer equipment
33% Straight Line
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Sophian Limited
Notes to the Accounts
for the year ended 31 December 2021
4
Tangible fixed assets
Plant & machinery
5
Debtors: amounts falling due within one year
2021
2020
6
Creditors: amounts falling due within one year
2021
2020
Taxes and social security
1,040
50,873
Other creditors
48,983
11,914
7
Average number of employees
During the year the average number of employees was 3 (2020: 2).
