FAVEO SOLUTIONS LTD

Company Registration Number:
08332738 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2022

Period of accounts

Start date: 01 January 2022

End date: 31 December 2022

FAVEO SOLUTIONS LTD

Contents of the Financial Statements

for the Period Ended 31 December 2022

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

FAVEO SOLUTIONS LTD

Company Information

for the Period Ended 31 December 2022




Director: Dr Olugbenga Ojedokun
Dr Temilade Ojedokun
Registered office: 1
Grenadier Close
Woodlands Park
Bedford
GBR
MK41 7GG
Company Registration Number: 08332738 (England and Wales)

FAVEO SOLUTIONS LTD

Directors' Report Period Ended 31 December 2022

The directors present their report with the financial statements of the company for the period ended 31 December 2022

Directors

The directors shown below have held office during the whole of the period from 01 January 2022 to 31 December 2022
Dr Olugbenga Ojedokun
Dr Temilade Ojedokun

This report was approved by the board of directors on 29 September 2023
And Signed On Behalf Of The Board By:

Name: Dr Olugbenga Ojedokun
Status: Director

Name: Dr Temilade Ojedokun
Status: Director

FAVEO SOLUTIONS LTD

Profit and Loss Account

for the Period Ended 31 December 2022


Notes

2022
£

2021
£
Turnover 45,480 21,115
Cost of sales ( 14,250 ) ( 3,152 )
Gross Profit or (Loss) 31,230 17,963
Administrative Expenses ( 30,621 ) ( 17,762 )
Operating Profit or (Loss) 609 201
Profit or (Loss) Before Tax 609 201
Tax on Profit ( 116 ) ( 38 )
Profit or (Loss) for Period 493 163

The notes form part of these financial statements

FAVEO SOLUTIONS LTD

Balance sheet

As at 31 December 2022


Notes

2022
£

2021
£
Fixed assets
Tangible assets: 4 260,000 200,000
Total fixed assets: 260,000 200,000
Current assets
Cash at bank and in hand: 8,876 4,423
Total current assets: 8,876 4,423
Prepayments and accrued income: 98,722 169,665
Creditors: amounts falling due within one year: 5 ( 133,377 ) ( 131,261 )
Net current assets (liabilities): ( 25,779 ) 42,827
Total assets less current liabilities: 234,221 242,827
Creditors: amounts falling due after more than one year: 6 ( 291,293 ) ( 301,293 )
Total net assets (liabilities): ( 57,072 ) ( 58,466 )

The notes form part of these financial statements

FAVEO SOLUTIONS LTD

Balance sheet continued

As at 31 December 2022


Notes

2022
£

2021
£
Capital and reserves
Called up share capital: 1,000 100
Profit and loss account: ( 58,072 ) ( 58,566 )
Shareholders funds: ( 57,072 ) ( 58,466 )

For the year ending 31 December 2022 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 29 September 2023
And Signed On Behalf Of The Board By:

Name: Dr Olugbenga Ojedokun
Status: Director

Name: Dr Temilade Ojedokun
Status: Director

The notes form part of these financial statements

FAVEO SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

FAVEO SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 2. Employees


    2022

    2021
    Average number of employees during the period 0 0

FAVEO SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 3. Off balance sheet disclosure

    No

FAVEO SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

4. Tangible assets

Land & buildings Total
Cost £ £
At 01 January 2022 200,000 200,000
Additions - -
Disposals - -
Revaluations 60,000 60,000
Transfers - -
At 31 December 2022 260,000 260,000
Depreciation
At 01 January 2022 - -
Charge for year - -
On disposals - -
Other adjustments - -
At 31 December 2022 - -
Net book value
At 31 December 2022 260,000 260,000
At 31 December 2021 200,000 200,000

FAVEO SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

5.Creditors: amounts falling due within one year note


2022
£

2021
£
Taxation and social security 116
Other creditors 133,261 131,261
Total 133,377 131,261

FAVEO SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

6.Creditors: amounts falling due after more than one year


2022
£

2021
£
Bank loans and overdrafts 291,293 301,293
Total 291,293 301,293