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Company Registration No. SC598484 (Scotland)
OSAYANDE LTD Unaudited accounts for the year ended 31 May 2023
OSAYANDE LTD Unaudited accounts Contents
Page
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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
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OSAYANDE LTD Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
12,685 
13,526 
Current assets
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 
Net assets
22,359 
15,805 
Capital and reserves
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
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OSAYANDE LTD Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Depreciation
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 
Net book value
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 
Other creditors
- 
178 
Loans from directors
(5,999)
(6,951)
Accruals
576 
480 
(3,416)
(2,279)
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OSAYANDE LTD Notes to the Accounts for the year ended 31 May 2023
6
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
AGHARESE, Osahon Dennis
Loan repaid
- 
5,999 
5,999 
- 
- 
5,999 
5,999 
- 
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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