SANKOFA FINANCIAL SERVICES LIMITED

Company Registration Number:
07626318 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2024

Period of accounts

Start date: 01 June 2023

End date: 31 May 2024

SANKOFA FINANCIAL SERVICES LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2024

Company Information - 3
Report of the Directors - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 10

SANKOFA FINANCIAL SERVICES LIMITED

Company Information

for the Period Ended 31 May 2024




Director: Dr Bernard Horsford
Secretary: Sankofa Legal Services Ltd
Registered office: Africa House
21 Shorwell Road
Nottingham
Nottinghamshire
NG3 7HG
Company Registration Number: 07626318 (England and Wales)

SANKOFA FINANCIAL SERVICES LIMITED

Directors' Report Period Ended 31 May 2024

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

Principal Activities

The company is engaged advising on financial strategy, providing factoring to law firm to support medicolegal reports

Directors

The directors shown below have held office during the whole of the period from 01 June 2023 to 31 May 2024
Dr Bernard Horsford

Secretary
Sankofa Legal Services Ltd

This report was approved by the board of directors on 7 January 2025
And Signed On Behalf Of The Board By:

Name: Dr Bernard Horsford
Status: Director

SANKOFA FINANCIAL SERVICES LIMITED

Balance sheet

As at 31 May 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 3,616 3,136
Total fixed assets: 3,616 3,136
Current assets
Debtors: 59,970 29,366
Cash at bank and in hand: 99,083 109,938
Total current assets: 159,053 139,304
Creditors: amounts falling due within one year: ( 131,400 ) ( 111,171 )
Net current assets (liabilities): 27,653 28,133
Total assets less current liabilities: 31,269 31,269
Total net assets (liabilities): 31,269 31,269

The notes form part of these financial statements

SANKOFA FINANCIAL SERVICES LIMITED

Balance sheet continued

As at 31 May 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 155,137 155,137
Profit and loss account: ( 123,868 ) ( 123,868 )
Shareholders funds: 31,269 31,269

For the year ending 31 May 2024 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 7 January 2025
And Signed On Behalf Of The Board By:

Name: Dr Bernard Horsford
Status: Director

The notes form part of these financial statements

SANKOFA FINANCIAL SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 1. Accounting policies

    Basis of measurement and preparation

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

SANKOFA FINANCIAL SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 0 0

SANKOFA FINANCIAL SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 3. Off balance sheet disclosure

    No

SANKOFA FINANCIAL SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Tangible Assets

Total
Cost £
At 01 June 2023 3,136
Additions 480
Disposals -
Revaluations -
Transfers -
At 31 May 2024 3,616
Depreciation
At 01 June 2023 -
Charge for year -
On disposals -
Other adjustments -
At 31 May 2024 -
Net book value
At 31 May 2024 3,616
At 31 May 2023 3,136