Sodcon Ltd - Accounts

Sodcon Ltd - Accounts

SODCON LTD - Company Information

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Reports Dated : 17/10/2023 Registered Number: 12247416
England and Wales

 

 

 

SODCON LTD


Abridged Accounts
 


Period of accounts

Start date: 01 September 2022

End date: 31 August 2023

Sodcon Ltd
Contents Page
For the year ended 31 August 2023
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Sodcon Ltd for the year ended 31 August 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Sodcon Ltd for the year ended 31 August 2023 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance
This report is made solely to the Board of Directors of Sodcon Ltd , as a body, in accordance with the terms of our engagement letter dated 07 October 2019. Our work has been undertaken solely to prepare for your approval the accounts of Sodcon Ltd and state those matters that we have agreed to state to the Board of Directors of Sodcon Ltd , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sodcon Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Sodcon Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Sodcon Ltd . You consider that Sodcon Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Sodcon Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts
31 August 2023



....................................................
FD Chartered Accountants
16 Saberton Close
Redbourn
St. Albans
AL3 7DS
17 October 2023
1
 
 		 Notes
 		 31/08/2023
£		   31/08/2022
£
Current assets      
Debtors 8,273    18,962 
Cash at bank and in hand 23,011    2,654 
31,284    21,616 
Creditors: amount falling due within one year (25,326)   (13,681)
Net current assets 5,958    7,935 
 
Total assets less current liabilities 5,958    7,935 
Creditors: amount falling due after more than one year (5,500)   (7,500)
Net assets 458    435 
 

Capital and reserves 		     
Called up share capital 3 100    100 
Profit and loss account 358    335 
Shareholder's funds 458    435 
 


For the year ended 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 17 October 2023 and were signed by:


-------------------------------
Yesim Aytanir Demir
Director
2
General Information
Sodcon Ltd is a private company, limited by shares, registered in England and Wales, registration number 12247416, registration address 42 Angerstein Road, Portsmouth, PO2 8HN.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Website cost
Planning and operating costs for the company's website are charged to the income statement as incurred.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Current and deferred tax assets and liabilities are not discounted.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
2.

Average number of employees

Average number of employees during the year was 2 (2022 : 1).
3.

Share Capital

Authorised
100 Class A shares of £1.00 each
Allotted, called up and fully paid
31/08/2023
£		   31/08/2022
£
100 Class A shares of £1.00 each 100    100 
100    100 

3