Sobera Limited - Accounts to registrar (filleted) - small 22.3

Unaudited Financial Statements

for the Period 1 February 2021 to 31 December 2021

for

Sobera Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A Carter

REGISTERED OFFICE:

146 High Street

Billericay

Essex

CM12 9DF

REGISTERED NUMBER:

06786049 (England and Wales)

ACCOUNTANTS:

Michael Letch & Partners LLP

Accountants

146 High Street

Billericay

Essex

CM12 9DF

FIXED ASSETS

Tangible assets

4

11,101

-

Investments

5

68,995

68,995

80,096

68,995

CURRENT ASSETS

Debtors

6

34,665

32,214

Cash at bank

43,032

28,847

77,697

61,061

CREDITORS

Amounts falling due within one year

7

60,617

51,393

NET CURRENT ASSETS

17,080

9,668

TOTAL ASSETS LESS CURRENT LIABILITIES

97,176

78,663

CREDITORS

Amounts falling due after more than one year

8

(39,854

)

(66,240

)

PROVISIONS FOR LIABILITIES

(548

)

-

NET ASSETS

56,774

12,423

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

56,674

12,323

56,774

12,423

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 March 2023 and were signed by:

A Carter - Director

1.	STATUTORY INFORMATION

Sobera Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2021 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

COST

Additions

14,801

At 31 December 2021

14,801

DEPRECIATION

Charge for period

3,700

At 31 December 2021

3,700

NET BOOK VALUE

At 31 December 2021

11,101

5.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

2021

2021

£

£

Other

68,995

68,995

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2021

£

£

Trade debtors

17,515

13,291

Other debtors

17,150

18,923

34,665

32,214

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2021

£

£

Bank loans and overdrafts

8,000

4,000

Hire purchase contracts

29,296

19,887

Tax

14,210

2,891

Directors' loan accounts

6,111

22,215

Accrued expenses

3,000

2,400

60,617

51,393

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2021

£

£

Bank loans - more than 1 year

28,667

36,000

Hire purchase contracts

11,187

30,240

39,854

66,240