1 February 2023 false No description of principal activity Taxfiler 2024.5 11160794business:PrivateLimitedCompanyLtd2023-02-012024-01-31 111607942023-01-31 111607942023-02-012024-01-31 11160794business:AuditExempt-NoAccountantsReport2023-02-012024-01-31 11160794business:FilletedAccounts2023-02-012024-01-31 111607942024-01-31 111607942023-01-31 11160794core:WithinOneYear2024-01-31 11160794core:WithinOneYear2023-01-31 11160794core:AfterOneYear2024-01-31 11160794core:AfterOneYear2023-01-31 11160794core:ShareCapitalcore:PreviouslyStatedAmount2024-01-31 11160794core:ShareCapitalcore:PreviouslyStatedAmount2023-01-31 11160794core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-01-31 11160794core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-01-31 11160794core:PreviouslyStatedAmount2024-01-31 11160794core:PreviouslyStatedAmount2023-01-31 11160794business:SmallEntities2023-02-012024-01-31 11160794business:Director12023-02-012024-01-31 11160794countries:EnglandWales2023-02-012024-01-31 11160794business:RegisteredOffice2023-02-012024-01-31 11160794core:PlantMachinery2023-02-012024-01-31 11160794core:ComputerEquipment2023-02-012024-01-31 11160794core:PlantMachinery2023-01-31 11160794core:ComputerEquipment2023-01-31 11160794core:PlantMachinery2024-01-31 11160794core:ComputerEquipment2024-01-31 111607942022-02-012023-01-31 iso4217:GBP xbrli:pure
Sobi Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,526 
3,115 
Current assets
Debtors
1,241 
521 
Cash at bank and in hand
936,735 
701,148 
937,976 
701,669 
Creditors: amounts falling due within one year
(191,233)
(142,369)
Net current assets
746,743 
559,300 
Total assets less current liabilities
748,269 
562,415 
Creditors: amounts falling due after more than one year
(40,266)
(68,795)
Net assets
708,003 
493,620 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
708,002 
493,619 
Shareholders' funds
708,003 
493,620 
For the year ending 31 January 2024 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts 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 FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 17 October 2024 and were signed on its behalf by
Motoko Priestman Director Company Registration No. 11160794
- 1 -
Sobi Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Sobi Limited is a private company, limited by shares, registered in England and Wales, registration number 11160794. The registered office is 14 NORTHWAY ROAD, LONDON, SE5 9AN, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
7
Computer equipment
4
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2023
11,953 
1,032 
12,985 
Additions
965 
- 
965 
At 31 January 2024
12,918 
1,032 
13,950 
Depreciation
At 1 February 2023
9,612 
258 
9,870 
Charge for the year
2,296 
258 
2,554 
At 31 January 2024
11,908 
516 
12,424 
Net book value
At 31 January 2024
1,010 
516 
1,526 
At 31 January 2023
2,341 
774 
3,115 
- 2 -
Sobi Limited Notes to the Accounts for the year ended 31 January 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
138 
- 
Accrued income and prepayments
1,103 
521 
1,241 
521 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
2,299 
43,192 
Trade creditors
64,064 
32,711 
Taxes and social security
87,959 
59,447 
Other creditors
29,272 
1,842 
Loans from directors
2,846 
4,289 
Accruals
4,793 
888 
191,233 
142,369 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Amounts owed to group undertakings and other participating interests
40,266 
68,795 
8
Transactions with related parties
Intercompany liability of £40,266 is payable to Koinobori Limited which a related party through common owership and control.
9
Average number of employees
During the year the average number of employees was 14 (2023: 17).
- 3 -