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Registered Number: 11740521
England and Wales

 

 

 

ESG AFRICA LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 January 2022

End date: 31 December 2022
Director Badiene Seynabou Ba
Registered Number 11740521
Registered Office INTERNATIONAL HOUSE
12 CONSTANCE STREET LONDON
E16 2DQ
Accountants Worth Knowing Accountants Ltd
S14, 22-25 Portman Close

London
W1H 6BS
1
Director's report and financial statements
The director presents his/her/their annual report and the financial statements for the year ended 31 December 2022
Principal activities
Principal activity of the company during the financial year was of other business support service activities not elsewhere classified.
Director
The director who served the company throughout the year was as follows:
Badiene Seynabou Ba
Statement of director's responsibilities
The director is responsible for preparing the directors’ report and the financial statements in accordance with applicable law and regulation.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to
  • select suitable accounting policies and then apply them consistently
  • make judgments and accounting estimates that are reasonable and prudent
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business


The director is responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

On behalf of the board.


----------------------------------
Badiene Seynabou Ba
Director

Date approved: 30 September 2023
2
Accountant’s report
You consider that the company is exempt from an audit for the year ended 31 December 2022 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Worth Knowing Accountants Ltd
31 December 2022



....................................................
Worth Knowing Accountants Ltd
S14, 22-25 Portman Close

London
W1H 6BS
30 September 2023
3
 
 
Notes
 
2022
£
  2021
£
Fixed assets      
Tangible fixed assets 3 7,771    864 
Investments 4 10,810   
18,581    864 
Current assets      
Debtors 5 35,892    24,169 
Cash at bank and in hand 64,092    36,678 
99,984    60,847 
Creditors: amount falling due within one year 6 (21,276)   (26,283)
Net current assets 78,708    34,564 
 
Total assets less current liabilities 97,289    35,428 
Provisions for liabilities 7 (1,476)   (164)
Net assets 95,813    35,264 
 

Capital and reserves
     
Called up share capital 1    1 
Profit and loss account 95,812    35,263 
Shareholder's funds 95,813    35,264 
 


For the year ended 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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 the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 30 September 2023 and were signed by:


-------------------------------
Badiene Seynabou Ba
Director
4
  Equity share capital   Retained Earnings   Total
£ £ £
At 01 January 2021 1  48,111  48,112 
Profit for the year (12,848) (12,848)
Total comprehensive income for the year (12,848) (12,848)
Total investments by and distributions to owners
At 31 December 2021 1  35,263  35,264 
At 01 January 2022 1  35,264  35,265 
Profit for the year 70,548  70,548 
Total comprehensive income for the year 70,548  70,548 
Dividends (10,000) (10,000)
Total investments by and distributions to owners (10,000) (10,000)
At 31 December 2022 1  95,812  95,813 
5
General Information
ESG AFRICA LTD is a private company, limited by shares, registered in England and Wales, registration number 11740521, registration address INTERNATIONAL HOUSE, 12 CONSTANCE STREET LONDON, E16 2DQ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Website cost
Planning and operating costs for the company's website are charged to the income statement as incurred.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using 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.
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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 33% Reducing Balance
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 1 (2021 : 1).
3.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Computer Equipment   Total
  £   £   £
At 01 January 2022   1,290    1,290 
Additions 8,370      8,370 
Disposals    
At 31 December 2022 8,370    1,290    9,660 
Depreciation
At 01 January 2022   426    426 
Charge for year 1,038    425    1,463 
On disposals    
At 31 December 2022 1,038    851    1,889 
Net book values
Closing balance as at 31 December 2022 7,332    439    7,771 
Opening balance as at 01 January 2022   864    864 


4.

Investments

Cost Other investments other than loans   Total
  £   £
At 01 January 2022 10,810    10,810 
Additions  
Transfer to/from tangible fixed assets  
Disposals  
At 31 December 2022 10,810    10,810 

5.

Debtors: amounts falling due within one year

2022
£
  2021
£
Trade Debtors 13,922    13,922 
Other Debtors 21,970    6,585 
Corporation Tax   3,662 
35,892    24,169 

6.

Creditors: amount falling due within one year

2022
£
  2021
£
Trade Creditors 7,435    7,435 
Corporation Tax 11,337   
Accrued Expenses 900    1,000 
Directors' Current Accounts 1,604    17,848 
21,276    26,283 

7.

Provisions for liabilities

2022
£
  2021
£
Deferred Tax 1,476    164 
1,476    164 

6