Company Registration No. SC598484 (Scotland)
OSAYANDE LTD
Unaudited accounts
for the year ended 31 May 2023
OSAYANDE LTD
Unaudited accounts
Contents
OSAYANDE LTD
Company Information
for the year ended 31 May 2023
Director
AGHARESE, Osahon Dennis
Company Number
SC598484 (Scotland)
Registered Office
22 Centenary Crescent
Bellshill
ML4 1BZ
United Kingdom
OSAYANDE LTD
Statement of financial position
as at 31 May 2023
Tangible assets
12,685
13,526
Cash at bank and in hand
6,258
-
Creditors: amounts falling due within one year
3,416
2,279
Net current assets
9,674
2,279
Called up share capital
10
10
Profit and loss account
22,349
15,795
Shareholders' funds
22,359
15,805
For the year ending 31 May 2023 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 3 October 2023 and were signed on its behalf by
AGHARESE, Osahon Dennis
Director
Company Registration No. SC598484
OSAYANDE LTD
Notes to the Accounts
for the year ended 31 May 2023
OSAYANDE LTD is a private company, limited by shares, registered in Scotland, registration number SC598484. The registered office is 22 Centenary Crescent , Bellshill, ML4 1BZ, United Kingdom.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
No Depreciation is charged in the year of asset purchase.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 June 2022
401
15,982
16,383
At 31 May 2023
401
15,982
16,383
At 1 June 2022
149
2,708
2,857
Charge for the year
45
796
841
At 31 May 2023
194
3,504
3,698
At 31 May 2023
207
12,478
12,685
At 31 May 2022
252
13,274
13,526
5
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
2,007
4,014
Loans from directors
(5,999)
(6,951)
OSAYANDE LTD
Notes to the Accounts
for the year ended 31 May 2023
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan repaid
-
5,999
5,999
-
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).