ACCOUNTS - Final Accounts preparation

Registered number: 14669445

FOBOU LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 28 FEBRUARY 2026

FOBOU LIMITED

REGISTERED NUMBER: 14669445

BALANCE SHEET

AS AT 28 FEBRUARY 2026

		2026		2025
Note		£		£

Fixed assets
Intangible assets	4		87,729		77,068
			87,729		77,068
Current assets
Stocks	5	644		644
Debtors: amounts falling due within one year	6	5,082		5,097
Cash at bank and in hand	7	136,551		183,264
		142,277		189,005
Creditors: amounts falling due within one year	8	(3,393)		(3,278)
Net current assets			138,885		185,727
Total assets less current liabilities			226,614		262,795
Creditors: amounts falling due after more than one year	9		(300,000)		(300,000)

Net liabilities			(73,386)		(37,205)

Capital and reserves
Called up share capital	100	100
Profit and loss account	(73,486)	(37,305)
	(73,386)	(37,205)

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FOBOU LIMITED

REGISTERED NUMBER: 14669445

BALANCE SHEET (CONTINUED)

AS AT 28 FEBRUARY 2026

The director considers 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 director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

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:

................................................

Katherine Whitley Filmer-Wilson

Director

Date: 17 July 2026

The notes on pages 3 to 7 form part of these financial statements.

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FOBOU LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2026

1.	General information

Fobou Limited is a private company, limited by shares, registered in England and Wales.

The company's registered number is 14669445 and registered office address is MHA House, Charter Court, Pheonix Way, Swansea, SA7 9FS.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

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 assessed the Company's ability to continue as a going concern and have concluded that it remains appropriate to prepare the financial statements on a going concern basis. In making this assessment, the directors have considered the Company's current financial position, cash flow forecasts and working capital requirements for a period of at least twelve months from the date of approval of these financial statements.

The Company is currently dependent upon the continued financial support of its shareholders in order to meet its obligations as they fall due. The shareholders have confirmed their intention to continue to provide such support for the foreseeable future and have no intention of withdrawing this support. This support has been considered by the directors in their assessment of the Company's ability to continue as a going concern.

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FOBOU LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2026

2.Accounting policies (continued)

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

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

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Intangible assets continue to be developed, the directors have assessed that the intangible assets do not require amortising until the project has gone live. The company has undertaken trial sales to test the system in the financial year, this was not on a commercial basis.

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FOBOU LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2026

2.Accounting policies (continued)

2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.6

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.

2.7

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.

2.8

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.

Employees

The average monthly number of employees, including the director, during the year was as follows:

	2026	2025
	No.	No.

Average number of employees	1	1

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FOBOU LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2026

4.	Intangible assets

		Patents
		£
	Cost
	At 1 March 2025	77,068
	Additions - internal	10,661
	At 28 February 2026	87,729

	Net book value
	At 28 February 2026	87,729
	At 28 February 2025	77,068

5.	Stocks
		2026	2025
		£	£

Finished goods and goods for resale	644	644
	644	644

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FOBOU LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2026

Debtors

					2026	2025
					£	£


Other debtors	82	97
Prepayments and accrued income	5,000	5,000
	5,082	5,097

7.	Cash and cash equivalents
		2026	2025
		£	£

Cash at bank and in hand	136,551	183,264
	136,551	183,264

8.	Creditors: Amounts falling due within one year
		2026	2025
		£	£

Other creditors	968	968
Accruals and deferred income	2,425	2,310
	3,393	3,278

9.	Creditors: Amounts falling due after more than one year
		2026	2025
		£	£

Other creditors	300,000	300,000
	300,000	300,000

10.	Related party transactions
	Shareholder charged the company £17,938 for office rent (2025 - £11,948).

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