SOANUA LIMITED

Company Registration Number:
10765444 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2023

Period of accounts

Start date: 01 June 2022

End date: 31 May 2023

SOANUA LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2023

Balance sheet
Notes

SOANUA LIMITED

Balance sheet

As at 31 May 2023


Notes

2023

2022


£

£
Fixed assets
Intangible assets: 3 34,409 0
Tangible assets: 4 21,115 3,126
Total fixed assets: 55,524 3,126
Current assets
Stocks: 1,707,744 434,873
Debtors:   66,460 48,224
Cash at bank and in hand: 93,118 68,850
Total current assets: 1,867,322 551,947
Creditors: amounts falling due within one year:   (1,117,115) (295,433)
Net current assets (liabilities): 750,207 256,514
Total assets less current liabilities: 805,731 259,640
Creditors: amounts falling due after more than one year:   (141,567) (151,294)
Total net assets (liabilities): 664,164 108,346
Capital and reserves
Called up share capital: 20 15
Share premium account: 2,840,166 1,175,371
Profit and loss account: (2,176,022) (1,067,040)
Shareholders funds: 664,164 108,346

The notes form part of these financial statements

SOANUA LIMITED

Balance sheet statements

For the year ending 31 May 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 31 January 2024
and signed on behalf of the board by:

Name: Jedediah Coleman
Status: Director

The notes form part of these financial statements

SOANUA LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Tangible fixed assets and depreciation policy

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:Computer equipment 3 years reducing balance

SOANUA LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

2. Employees

2023 2022
Average number of employees during the period 10 4

SOANUA LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

3. Intangible Assets

Total
Cost £
At 01 June 2022 0
Additions 34,409
At 31 May 2023 34,409
Amortisation
At 01 June 2022 0
Charge for year 0
At 31 May 2023 0
Net book value
At 31 May 2023 34,409
At 31 May 2022 0

SOANUA LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

4. Tangible Assets

Total
Cost £
At 01 June 2022 4,740
Additions 23,008
At 31 May 2023 27,748
Depreciation
At 01 June 2022 1,614
Charge for year 5,019
At 31 May 2023 6,633
Net book value
At 31 May 2023 21,115
At 31 May 2022 3,126