Soulmine Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 05462504 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 November 2022

for

Soulmine Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D J Mead

SECRETARY:

D J Mead

REGISTERED OFFICE:

3 High street,

Aldershot,

Hampshire

GU11 1BH

REGISTERED NUMBER:

05462504 (England and Wales)

ACCOUNTANTS:

Gilroy & Brookes Accountants Ltd

Suite 15

The Enterprise Centre

Coxbridge Business Park

Farnham

Surrey

GU10 5EH

CURRENT ASSETS

Stocks

5

350

350

Debtors

6

49,803

47,530

Cash at bank and in hand

12,099

15,862

62,252

63,742

CREDITORS

Amounts falling due within one year

7

(53,483

)

(52,240

)

NET CURRENT ASSETS

8,769

11,502

TOTAL ASSETS LESS CURRENT LIABILITIES

8,769

11,502

CREDITORS

Amounts falling due after more than one year

8

(5,000

)

(7,000

)

NET ASSETS

3,769

4,502

CAPITAL AND RESERVES

Called up share capital

9

1

1

Retained earnings

3,768

4,501

SHAREHOLDERS' FUNDS

3,769

4,502

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 August 2023 and were signed by:

D J Mead - Director

1.	STATUTORY INFORMATION

Soulmine Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

STOCKS

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX

Deferred tax is not recognised in respect of all timing differences that have originated but not reversed at the balance sheet date which are immaterial.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 December 2021

and 30 November 2022

1,473

DEPRECIATION

At 1 December 2021

and 30 November 2022

1,473

NET BOOK VALUE

At 30 November 2022

-

At 30 November 2021

-

5.

STOCKS

2022

2021

£

£

Stocks

350

350

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

185

1,010

Inter company - Beating Rhythm

49,618

46,520

49,803

47,530

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans and overdrafts

2,000

2,000

Trade creditors

17,695

12,060

Tax

-

1,093

VAT

3,047

3,099

Inter Company Account - Soul by Auction

10,110

9,847

Directors' current accounts

12,763

18,039

Accruals and deferred income

7,868

6,102

53,483

52,240

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Bounce Back Loan>1 Year

5,000

7,000

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2022

2021

value:

£

£

1

Ordinary shares

£1

1

1

10.	ULTIMATE CONTROLLING PARTY

The Company is under the control of D J Mead who owns 100% of the issued share capital of the company and is also the sole director of the company.