SO Training & Consulting Ltd Company accounts
SO Training & Consulting Ltd Company accounts
COMPANY REGISTRATION NUMBER:
12775106
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Financial Statements |
Year Ended 31 July 2022
Contents |
Page |
Director's Report |
1 |
Statement of Comprehensive Income |
2 |
Statement of Financial Position |
3 |
Statement of Changes in Equity |
4 |
Notes to the Financial Statements |
5 |
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Director's Report |
Year Ended 31 July 2022
The director presents her report and the unaudited financial statements of the company for the year ended
31 July 2022
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Director
The director who served the company during the year was as follows:
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Small company provisions
This report was approved by the board of directors on
18 July 2023
and signed on behalf of the board by:
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Director |
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Registered office: |
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Statement of Comprehensive Income |
Year Ended 31 July 2022
2022 |
2021 |
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Note |
£ |
£ |
Turnover |
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Cost of sales |
– |
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-------- |
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Gross Profit |
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Administrative expenses |
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-------- |
-------- |
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Operating Profit |
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Profit Before Taxation |
4 |
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Tax on profit |
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Profit for the Financial Year and Total Comprehensive Income |
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All the activities of the company are from continuing operations.
The company has no other recognised items of income and expenses other than the results for the year as set out above.
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Statement of Financial Position |
2022 |
2021 |
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Note |
£ |
£ |
Fixed Assets
Tangible assets |
5 |
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Current Assets
Debtors |
6 |
– |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
7 |
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Net Current Assets |
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Total Assets Less Current Liabilities |
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Net Assets |
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Capital and Reserves
Called up share capital |
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Profit and loss account |
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Shareholders Funds |
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Director's responsibilities:
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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
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The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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These financial statements were approved by the
board of directors
and authorised for issue on
18 July 2023
, and are signed on behalf of the board by:
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Director |
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Company registration number:
12775106
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Statement of Changes in Equity |
Year Ended 31 July 2022
Called up share capital |
Profit and loss account |
Total |
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£ |
£ |
£ |
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At 1 August 2020 |
– |
– |
– |
Profit for the year |
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---- |
-------- |
-------- |
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Total Comprehensive Income for the Year |
– |
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Issue of shares |
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– |
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Dividends paid and payable |
– |
(
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(
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Total Investments by and Distributions to Owners |
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(
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(
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At 31 July 2021 |
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Profit for the year |
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Total Comprehensive Income for the Year |
– |
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Dividends paid and payable |
– |
(
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(
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---- |
------- |
------- |
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Total Investments by and Distributions to Owners |
– |
(
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(
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------- |
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At 31 July 2022 |
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Notes to the Financial Statements |
Year Ended 31 July 2022
1.
General Information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Farm View, Ridge Lane, Lancaster, LA1 3JY.
2.
Statement of Compliance
3.
Accounting Policies
Basis of Preparation
Revenue Recognition
Income Tax
Tangible Assets
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:
Fixtures and fittings |
- |
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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.
Financial Instruments
4.
Profit Before Taxation
Profit before taxation is stated after charging:
2022 |
2021 |
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£ |
£ |
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Depreciation of tangible assets |
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5.
Tangible Assets
Fixtures and fittings |
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£ |
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Cost |
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At 1 August 2021 and 31 July 2022 |
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------- |
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Depreciation |
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At 1 August 2021 |
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Charge for the year |
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------- |
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At 31 July 2022 |
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------- |
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Carrying amount |
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At 31 July 2022 |
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------- |
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At 31 July 2021 |
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------- |
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6.
Debtors
2022 |
2021 |
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£ |
£ |
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Trade debtors |
– |
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7.
Creditors:
amounts falling due within one year
2022 |
2021 |
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£ |
£ |
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Corporation tax |
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Other creditors |
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8.
Related Party Transactions
During the year, the company paid a dividend of £6,500 (£10,000) to the Director.