Sjogati Limited Filleted accounts for Companies House (small and micro)

Sjogati Limited

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£	£

Current assets

Debtors	5	71,612	86,412
Cash at bank and in hand		42,732	91,791
		---------	---------
		114,344	178,203

Creditors: amounts falling due within one year	6	53,819		121,932
		---------		---------
Net current assets			60,525		56,271
			--------		--------
Total assets less current liabilities			60,525		56,271
			--------		--------
Net assets			60,525		56,271
			--------		--------

Capital and reserves

Called up share capital	7	2	2
Profit and loss account		60,523	56,269
		--------	--------
Shareholders funds		60,525	56,271
		--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

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

These financial statements were approved by the board of directors and authorised for issue on 18 December 2025 , and are signed on behalf of the board by:

Mr H M I Byrgi	Mr J M Olsen
Director	Director

Company registration number: 13515180

Sjogati Limited

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 146 New London Road, Chelmsford, Essex, CM2 0AW, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

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.

Financial instruments

Financial liabilities and equity instruments are classified accordingly to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

4. Average number of employees

During the year the average number of employees was 2 (2023 - 2).

5. Debtors

	2024	2023
	£	£
Trade debtors	68,308	85,688
Prepayments and accrued income	1,945	–
Other debtors	1,359	724
	--------	--------
	71,612	86,412
	--------	--------

6. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	8,003	–
Accruals and deferred income	2,185	9,829
Corporation tax	998	91
Director loan accounts	5,998	5,998
Other creditors	36,635	106,014
	--------	---------
	53,819	121,932
	--------	---------

7. Called up share capital

Issued, called up and fully paid

	2024		2023
	No.	£	No.	£
Ordinary shares of £ 1 each	2	2	2	2
	----	----	----	----

8. Related party transactions

During the year, the company sold goods amounting to £9,620 (2023 - £41,334) to a related undertaking. The company also purchased goods amounting to £367,635 (2023 - £819,802) from a related undertaking. At the year end, the company owed the related undertaking £36,635 (2023 - £106,014) which is shown amongst other creditors. At the year end the company owed the directors £5,998 (2023 - £5,998) which is shown amongst creditors.