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REGISTERED NUMBER: 14135747 (England and Wales)















REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

SOZO LABS UK LIMITED

SOZO LABS UK LIMITED (REGISTERED NUMBER: 14135747)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Report of the Directors 2

Report of the Accountants 3

Income Statement 4

Balance Sheet 5

Notes to the Financial Statements 6


SOZO LABS UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: Mr GP Visagie
Mr G Viljoen Kruger





REGISTERED OFFICE: Bank House
81 St Judes Road
Englefield Green
United Kingdom
TW20 0DF





REGISTERED NUMBER: 14135747 (England and Wales)





ACCOUNTANTS: Fusion Accountancy Limited
Marlborough House
298 Regents Park Road
London
N3 2SZ

SOZO LABS UK LIMITED (REGISTERED NUMBER: 14135747)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 MAY 2024

The directors present their report with the financial statements of the company for the year ended 31 May 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of information technology consultancy services.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 June 2023 to the date of this report.

Mr GP Visagie
Mr G Viljoen Kruger

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mr G Viljoen Kruger - Director


16 September 2024

SOZO LABS UK LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
SOZO LABS UK LIMITED


In accordance with the engagement letter, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.

This report is made to the directors in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the directors the financial statements that we have been engaged to compile, to report to the directors that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's directors for our work or for this report.

You have acknowledged on the balance sheet as at year ended 31 May 2024 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. 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 financial statements.






Fusion Accountancy Limited
Marlborough House
298 Regents Park Road
London
N3 2SZ


16 September 2024

SOZO LABS UK LIMITED (REGISTERED NUMBER: 14135747)

INCOME STATEMENT
FOR THE YEAR ENDED 31 MAY 2024

Period
27.5.22
Year Ended to
31.5.24 31.5.23
£    £   

TURNOVER 63,474 82,939

Administrative expenses 76,818 76,947
OPERATING (LOSS)/PROFIT (13,344 ) 5,992

Interest receivable and similar income 2 -
(LOSS)/PROFIT BEFORE TAXATION (13,342 ) 5,992

Tax on (loss)/profit (1,147 ) 1,147
(LOSS)/PROFIT FOR THE FINANCIAL
YEAR

(12,195

)

4,845

SOZO LABS UK LIMITED (REGISTERED NUMBER: 14135747)

BALANCE SHEET
31 MAY 2024

31.5.24 31.5.23
Notes £    £   
CURRENT ASSETS
Debtors 4 7,037 10,465
Cash at bank 11,285 12,472
18,322 22,937
CREDITORS
Amounts falling due within one year 5 25,670 18,090
NET CURRENT (LIABILITIES)/ASSETS (7,348 ) 4,847
TOTAL ASSETS LESS CURRENT
LIABILITIES

(7,348

)

4,847

CAPITAL AND RESERVES
Called up share capital 6 2 2
Retained earnings 7 (7,350 ) 4,845
SHAREHOLDERS' FUNDS (7,348 ) 4,847

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 16 September 2024 and were signed on its behalf by:





Mr G Viljoen Kruger - Director


SOZO LABS UK LIMITED (REGISTERED NUMBER: 14135747)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Sozo Labs Uk 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.

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 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Going concern disclosure
The directors have formed a judgement at the time of approving the Annual Financial Statements, that there is a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason the directors have adopted the going concern basis in preparing the accounts.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 7,037 10,465

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 1,466 3,092
Corporation tax (1,147 ) 1,147
VAT 3,120 -
Accounts payable 20,691 13,851
Accrued expenses 1,540 -
25,670 18,090

SOZO LABS UK LIMITED (REGISTERED NUMBER: 14135747)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
2 Ordinary 1 2 2

7. RESERVES
Retained
earnings
£   

At 1 June 2023 4,845
Deficit for the year (12,195 )
At 31 May 2024 (7,350 )

8. RELATED PARTY DISCLOSURES

At the year end, included within creditors, is a balance of £20,434 (2023: £13,851) owed to Sozo Labs (Pty) Ltd in South Africa, the company shareholder.

The controlling party are the company directors.

9. TAXATION

The company has carried forward the losses of £6,651 to offset against future profits.