Soello Ltd - Accounts to registrar (filleted) - small 23.1.2

Soello Ltd - Accounts to registrar (filleted) - small 23.1.2

SOELLO LTD - Company Information

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REGISTERED NUMBER: 11772232 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 30 JANUARY 2022 TO 28 JANUARY 2023

FOR

SOELLO LTD
SOELLO LTD (REGISTERED NUMBER: 11772232)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 30 JANUARY 2022 TO 28 JANUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SOELLO LTD

COMPANY INFORMATION
FOR THE PERIOD 30 JANUARY 2022 TO 28 JANUARY 2023







DIRECTOR: Miss E J Wright





SECRETARY:





REGISTERED OFFICE: 92 Nore Road
Portishead
Briostol
BS20 8DX





REGISTERED NUMBER: 11772232 (England and Wales)





ACCOUNTANTS: Douglas Crook Accountancy Services
92 Nore Road
Portishead
Bristol
BS20 8DX
Page 1
SOELLO LTD (REGISTERED NUMBER: 11772232)

BALANCE SHEET
28 JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,738 18,501

CURRENT ASSETS
Debtors 5 6,040 15,985
Cash at bank 7,539 45,667
13,579 61,652
CREDITORS
Amounts falling due within one year 6 7,415 17,231
NET CURRENT ASSETS 6,164 44,421
TOTAL ASSETS LESS CURRENT
LIABILITIES
27,902
62,922

CREDITORS
Amounts falling due after more than one
year
7
16,724
19,167
NET ASSETS 11,178 43,755

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 11,078 43,655
11,178 43,755

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 January 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 notes form part of these financial statements

Page 2 continued...
SOELLO LTD (REGISTERED NUMBER: 11772232)

BALANCE SHEET - continued
28 JANUARY 2023


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 25 January 2024 and were signed by:





Miss E J Wright - Director


The notes form part of these financial statements

Page 3
SOELLO LTD (REGISTERED NUMBER: 11772232)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 30 JANUARY 2022 TO 28 JANUARY 2023

1. STATUTORY INFORMATION

Soello Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the period 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 recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2022 - 2 ) .

Page 4 continued...
SOELLO LTD (REGISTERED NUMBER: 11772232)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 30 JANUARY 2022 TO 28 JANUARY 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 30 January 2022 24,865
Additions 10,482
At 28 January 2023 35,347
DEPRECIATION
At 30 January 2022 6,364
Charge for period 7,245
At 28 January 2023 13,609
NET BOOK VALUE
At 28 January 2023 21,738
At 29 January 2022 18,501

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,624 14,984
Other debtors 3,416 1,001
6,040 15,985

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,000 5,000
Trade creditors 79 79
Taxation and social security - 3,704
Other creditors 2,336 8,448
7,415 17,231

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 16,724 19,167

Page 5