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Company Registration No. 10323856 (England and Wales)
Softoo Ltd Unaudited accounts for the year ended 31 December 2024
Softoo Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Softoo Ltd Company Information for the year ended 31 December 2024
Director
Abdur Raheem Kureshi
Company Number
10323856 (England and Wales)
Registered Office
The Porter Building 1 Brunel Way Slough SL1 1FQ England
Accountants
Griffin and Sage Limited 172 Park Road Peterborough PE1 2UF
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Softoo Ltd Statement of financial position as at 31 December 2024
2024
2023
Notes
£
£
Fixed assets
Tangible assets
4
6,329
3,063
Current assets
Debtors
5
277,776
307,391
Cash at bank and in hand
246,239
142,342
524,015
449,733
Creditors: amounts falling due within one year
6
(294,127)
(141,726)
Net current assets
229,888
308,007
Total assets less current liabilities
236,217
311,070
Creditors: amounts falling due after more than one year
7
(113,835)
(184,724)
Provisions for liabilities
Deferred tax
-
(582)
Net assets
122,382
125,764
Capital and reserves
Called up share capital
8
114
114
Share premium
87,486
87,486
Profit and loss account
34,782
38,164
Shareholders' funds
122,382
125,764
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. 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 16 March 2026 and were signed on its behalf by
Abdur Raheem Kureshi Director Company Registration No. 10323856
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Softoo Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Softoo Ltd is a private company, limited by shares, registered in England and Wales, registration number 10323856. The registered office is The Porter Building, 1 Brunel Way, Slough, SL1 1FQ, England.
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:
Motor vehicles
25% reducing balance
Fixtures & fittings
25% straight line
Computer equipment
50% straight line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Softoo Ltd Notes to the Accounts for the year ended 31 December 2024
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 January 2024
-
1,323
14,362
15,685
Additions
8,000
-
-
8,000
At 31 December 2024
8,000
1,323
14,362
23,685
Depreciation
At 1 January 2024
-
662
11,960
12,622
Charge for the year
2,000
331
2,403
4,734
At 31 December 2024
2,000
993
14,363
17,356
Net book value
At 31 December 2024
6,000
330
(1)
6,329
At 31 December 2023
-
661
2,402
3,063
5
Debtors
2024
2023
£
£
Amounts falling due within one year
Trade debtors
265,275
219,409
Deferred tax asset
210
-
Accrued income and prepayments
-
80,000
Other debtors
12,291
7,982
277,776
307,391
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
39,624
37,034
VAT
113,531
83,060
Trade creditors
6,000
-
Taxes and social security
14,136
8,193
Other creditors
120,836
12,057
Accruals
-
1,382
294,127
141,726
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans
25,291
50,000
Other creditors
50,000
9,135
Loans from directors
38,544
125,589
113,835
184,724
- 6 -
Softoo Ltd Notes to the Accounts for the year ended 31 December 2024
8
Share capital
2024
2023
£
£
Allotted, called up and fully paid:
114 Ordinary shares of £1 each
114
114
9
Loans to directors
10
Average number of employees
During the year the average number of employees was 28 (2023: 14).
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