ACCOUNTS - Final Accounts preparation

Analysis of the maturity of loans is given below:

Registered number: 13308254

SOJO KITCHEN CATERING & EVENTS LTD

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025

SOJO KITCHEN CATERING & EVENTS LTD

REGISTERED NUMBER: 13308254

BALANCE SHEET

AS AT 31 MARCH 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		17,482		32,077
			17,482		32,077
Current assets
Debtors: amounts falling due within one year	5	13,522		10,986
Cash at bank and in hand	6	3,069		7,773
		16,591		18,759
Creditors: amounts falling due within one year	7	(74,700)		(72,939)
Net current liabilities			(58,109)		(54,180)
Total assets less current liabilities			(40,627)		(22,103)
Creditors: amounts falling due after more than one year	8		(205,302)		(111,836)

Net liabilities			(245,929)		(133,939)

Capital and reserves
Called up share capital	10	12	11
Share premium account		244,007	190,008
Profit and loss account		(489,948)	(323,958)
		(245,929)	(133,939)

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SOJO KITCHEN CATERING & EVENTS LTD

REGISTERED NUMBER: 13308254

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

Victoria Wellington

Director

Date: 25 June 2025

The notes on pages 3 to 8 form part of these financial statements.

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SOJO KITCHEN CATERING & EVENTS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

Sojo Kitchen Catering & Events Ltd is a private company limited by shares and incorporated in England and Wales. The address of its registered office is Unit 1 The Hay Barn Greenlands Farm, Dairy Lane, Henley-On-Thames, Oxfordshire, England, RG9 3AS.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

2.2

Going concern

The Directors have committed to providing sufficient support to the company to enable it to continue for a period of at least twelve months from when the financial statements are signed.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

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SOJO KITCHEN CATERING & EVENTS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Leasehold improvements	-	20%
Motor vehicles	-	20%
Kitchen equipment	-	20%
Computer equipment	-	33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.10

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Employees

The average monthly number of employees, including directors, during the year was 7 (2024 - 6).

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		SOJO KITCHEN CATERING & EVENTS LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

	4.	Tangible fixed assets

	Leasehold improvements	Motor vehicles	Office equipment	Computer equipment	Total
	£	£	£	£	£
Cost or valuation
At 1 April 2024	38,580	9,500	30,615	2,644	81,339
Additions	-	-	-	1,824	1,824
At 31 March 2025	38,580	9,500	30,615	4,468	83,163
Depreciation
At 1 April 2024	23,148	5,700	18,369	2,045	49,262
Charge for the year on owned assets	7,716	1,900	6,123	680	16,419
At 31 March 2025	30,864	7,600	24,492	2,725	65,681
Net book value
At 31 March 2025	7,716	1,900	6,123	1,743	17,482
At 31 March 2024	15,432	3,800	12,246	599	32,077

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SOJO KITCHEN CATERING & EVENTS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Debtors

					2025	2024
					£	£


Trade debtors	7,697	5,986
Other debtors	5,825	5,000
	13,522	10,986

6.	Cash and cash equivalents
		2025	2024
		£	£

	Cash at bank and in hand	3,069	7,773

7.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Bank loans	4,697	4,697
Other loans	17,836	15,140
Trade creditors	19,203	8,103
Other taxation and social security	14,369	29,877
Other creditors	16,020	12,662
Accruals and deferred income	2,575	2,460
	74,700	72,939

8.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

Bank loans	19,570	24,267
Other loans	69,732	87,569
Shareholder loans	116,000	-
	205,302	111,836

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SOJO KITCHEN CATERING & EVENTS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Amounts falling due within one year
Bank loans	4,697	4,697
Other loans	17,836	15,140
	22,533	19,837
Amounts falling due 1-2 years
Bank loans	4,703	4,697
Other loans	21,013	17,837
	25,716	22,534
Amounts falling due 2-5 years
Bank loans	14,126	14,120
Other loans	48,719	69,732
Shareholder loans	116,000	-
	178,845	83,852
Amounts falling due after more than 5 years
Bank loans	741	5,450
	741	5,450
	227,835	131,673

10.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

900 (2024 - 900) Ordinary A shares of £0.01 each	9	9
270 (2024 - 225) Ordinary B shares of £0.01 each	3	2

	12	11

During the year 45 Ordinary B shares with a nominal value of £0.01 per share were issued for a consideration of £54,000. The excess paid over nominal value is recorded in share premium.

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SOJO KITCHEN CATERING & EVENTS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

11.	Related party transactions
	Shareholder loans of £116,000 (2024: £nil) relate to a shareholder loan that is repayable on demand and non-interest bearing.

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