2023-04-012024-03-312024-03-31false14311725TOBI ENTERPRISES 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TOBI ENTERPRISES LIMITED

Registered Number
14311725
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

TOBI ENTERPRISES LIMITED
Company Information
for the year from 1 April 2023 to 31 March 2024

Director

Dr Jesutobiloluwa Oluseye

Registered Address

116 Borrowdale Road
Middleton
Manchester
M24 5YG

Registered Number

14311725 (England and Wales)
TOBI ENTERPRISES LIMITED
Statement of Financial Position
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets37,3285,984
7,3285,984
Current assets
Debtors19,5286,930
Cash at bank and on hand156,03625,240
175,56432,170
Creditors amounts falling due within one year4(70,922)(14,234)
Net current assets (liabilities)104,64217,936
Total assets less current liabilities111,97023,920
Provisions for liabilities5(1,392)(1,137)
Net assets110,57822,783
Capital and reserves
Profit and loss account110,57822,783
Shareholders' funds110,57822,783
The financial statements were approved and authorised for issue by the Director on 7 January 2025, and are signed on its behalf by:
Dr Jesutobiloluwa Oluseye
Director
Registered Company No. 14311725
TOBI ENTERPRISES LIMITED
Notes to the Financial Statements
for the year ended 31 March 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
These financial statements have been prepared in compliance with FRS 102 Section 1A, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Functional and presentation currency
The financial statements are presented in sterling, which is the functional currency of the entity.
Going concern
The UK economy has recently been impacted by rising inflation, interest rates and energy costs, exacerbated by the war in Ukraine. All these matters have impacted the company's trading results to a greater or lesser extent. At the date of signing these financial statements, the directors have considered the effect of these matters on the company with the information available to it and do not believe that it will affect the ability of the company to continue to trade for the foreseeable future. On this basis, the directors have prepared these financial statements on a going concern basis.
Revenue from sale of goods
The revenue shown in the profit and loss account represents income receivable from dental treatments carried out during the period. Revenue in respect of dental treatment uncompleted at the year end date is recognised by reference to the state of completion.
Deferred tax
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted, or substantively enacted, by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible fixed assets and depreciation
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
2.Average number of employees

20242023
Average number of employees during the year11
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 April 237,4807,480
Additions6,3636,363
Disposals(3,984)(3,984)
At 31 March 249,8599,859
Depreciation and impairment
At 01 April 231,4961,496
Charge for year1,8321,832
On disposals(797)(797)
At 31 March 242,5312,531
Net book value
At 31 March 247,3287,328
At 31 March 235,9845,984
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables8,040-
Bank borrowings and overdrafts20,5617,081
Taxation and social security40,7886,613
Accrued liabilities and deferred income1,533540
Total70,92214,234
5.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)1,3921,137
Total1,3921,137
6.Related party transactions
During the year the Directors loaned the company £20,561 (2023: £7,081). This amount is repayable upon demand. Interest has been accrued in line with the Bank of England base rate.