O & A Adeyoju Limited 12087830 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is the provision of urology services Digita Accounts Production Advanced 6.30.9574.0 true 12087830 2022-04-01 2023-03-31 12087830 2023-03-31 12087830 core:RetainedEarningsAccumulatedLosses 2023-03-31 12087830 core:ShareCapital 2023-03-31 12087830 core:CurrentFinancialInstruments 2023-03-31 12087830 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 12087830 core:FurnitureFittingsToolsEquipment 2023-03-31 12087830 core:MotorVehicles 2023-03-31 12087830 bus:SmallEntities 2022-04-01 2023-03-31 12087830 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 12087830 bus:FullAccounts 2022-04-01 2023-03-31 12087830 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 12087830 bus:RegisteredOffice 2022-04-01 2023-03-31 12087830 bus:Director2 2022-04-01 2023-03-31 12087830 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 12087830 core:FurnitureFittingsToolsEquipment 2022-04-01 2023-03-31 12087830 core:MotorVehicles 2022-04-01 2023-03-31 12087830 core:OfficeEquipment 2022-04-01 2023-03-31 12087830 countries:EnglandWales 2022-04-01 2023-03-31 12087830 2022-03-31 12087830 core:FurnitureFittingsToolsEquipment 2022-03-31 12087830 core:MotorVehicles 2022-03-31 12087830 2021-04-01 2022-03-31 12087830 2022-03-31 12087830 core:RetainedEarningsAccumulatedLosses 2022-03-31 12087830 core:ShareCapital 2022-03-31 12087830 core:CurrentFinancialInstruments 2022-03-31 12087830 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 12087830 core:FurnitureFittingsToolsEquipment 2022-03-31 12087830 core:MotorVehicles 2022-03-31 iso4217:GBP xbrli:pure

Registration number: 12087830

O & A Adeyoju Limited

Unaudited Financial Statements

for the Year Ended 31 March 2023

 

O & A Adeyoju Limited

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 5

 

O & A Adeyoju Limited

(Registration number: 12087830)
Statement of Financial Position as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

56,377

2,280

Current assets

 

Debtors

5

22,685

21,928

Cash at bank and in hand

 

62,116

91,307

 

84,801

113,235

Creditors: Amounts falling due within one year

6

(39,783)

(52,607)

Net current assets

 

45,018

60,628

Total assets less current liabilities

 

101,395

62,908

Provisions for liabilities

(14,094)

-

Net assets

 

87,301

62,908

Capital and reserves

 

Called up share capital

100

100

Retained earnings

87,201

62,808

Shareholders' funds

 

87,301

62,908

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 September 2023 and signed on its behalf by:
 

.........................................
Dr A Adeyoju
Director

 

O & A Adeyoju Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
West Brow
41 Handforth Road
Wilmslow
Cheshire
SK9 2LX

These financial statements were authorised for issue by the Board on 29 September 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

O & A Adeyoju Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% reducing balance

Motor vehicles

25% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

O & A Adeyoju Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

 

O & A Adeyoju Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2022

2,439

-

2,439

Additions

2,075

61,874

63,949

At 31 March 2023

4,514

61,874

66,388

Depreciation

At 1 April 2022

159

-

159

Charge for the year

829

9,023

9,852

At 31 March 2023

988

9,023

10,011

Carrying amount

At 31 March 2023

3,526

52,851

56,377

At 31 March 2022

2,280

-

2,280

5

Debtors

Current

Note

2023
£

2022
£

Amounts owed by related parties

22,685

21,928

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

5,952

19,331

Accruals and deferred income

1,320

1,200

Other creditors

32,511

32,076

39,783

52,607