2023-02-012024-01-312024-01-31false11876939SOFTBASED 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SOFTBASED LTD

Registered Number
11876939
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2024

SOFTBASED LTD
Company Information
for the year from 1 February 2023 to 31 January 2024

Director

ATAKAN, Ali

Registered Address

27 Old Gloucester Street
London
WC1N 3AX

Registered Number

11876939 (England and Wales)
SOFTBASED LTD
Balance Sheet as at
31 January 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets31,6502,541
1,6502,541
Current assets
Debtors43,56042,840
Cash at bank and on hand341,286310,990
384,846353,830
Creditors amounts falling due within one year4(103,880)(84,789)
Net current assets (liabilities)280,966269,041
Total assets less current liabilities282,616271,582
Net assets282,616271,582
Capital and reserves
Called up share capital100100
Other reserves3,5003,500
Profit and loss account279,016267,982
Shareholders' funds282,616271,582
The financial statements were approved and authorised for issue by the Director on 8 March 2024, and are signed on its behalf by:
ATAKAN, Ali
Director
Registered Company No. 11876939
SOFTBASED LTD
Notes to the Financial Statements
for the year ended 31 January 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Office Equipment4
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 February 233,564
At 31 January 243,564
Depreciation and impairment
At 01 February 231,023
Charge for year891
At 31 January 241,914
Net book value
At 31 January 241,650
At 31 January 232,541
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables14,52013,860
Taxation and social security89,31070,228
Other creditors50701
Total103,88084,789
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.