Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-311truefalse12022-08-01falseNo description of principal activityThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12740746 2022-08-01 2022-12-31 12740746 2021-08-01 2022-07-31 12740746 2022-12-31 12740746 2022-07-31 12740746 c:Director1 2022-08-01 2022-12-31 12740746 d:ComputerEquipment 2022-08-01 2022-12-31 12740746 d:ComputerEquipment 2022-12-31 12740746 d:ComputerEquipment 2022-07-31 12740746 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-08-01 2022-12-31 12740746 d:CurrentFinancialInstruments 2022-12-31 12740746 d:CurrentFinancialInstruments 2022-07-31 12740746 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 12740746 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 12740746 d:ShareCapital 2022-12-31 12740746 d:ShareCapital 2022-07-31 12740746 d:RetainedEarningsAccumulatedLosses 2022-12-31 12740746 d:RetainedEarningsAccumulatedLosses 2022-07-31 12740746 c:OrdinaryShareClass1 2022-08-01 2022-12-31 12740746 c:OrdinaryShareClass1 2022-12-31 12740746 c:OrdinaryShareClass1 2022-07-31 12740746 c:FRS102 2022-08-01 2022-12-31 12740746 c:AuditExempt-NoAccountantsReport 2022-08-01 2022-12-31 12740746 c:FullAccounts 2022-08-01 2022-12-31 12740746 c:PrivateLimitedCompanyLtd 2022-08-01 2022-12-31 12740746 2 2022-08-01 2022-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 12740746














AMOS TIMI OYEDEJI LTD
UNAUDITED
 FINANCIAL STATEMENTS
FOR THE PERIOD ENDED  31 DECEMBER 2022

 
AMOS TIMI OYEDEJI LTD
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 6


 
AMOS TIMI OYEDEJI LTD
REGISTERED NUMBER:12740746

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2022

31 December
31 July
2022
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
4,068
4,767

Current assets
  

Debtors: amounts falling due within one year
 5 
-
10,057

Cash at bank and in hand
  
102,089
118,509

  
102,089
128,566

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(31,172)
(29,207)

Net current assets
  
 
 
70,917
 
 
99,359

  

Net assets
  
74,985
104,126


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
74,984
104,125

  
74,985
104,126


The Director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The Director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 7 November 2023.


A Oyedeji
Director

The notes on pages 3 to 6 form part of these financial statements.
Page 1

 
AMOS TIMI OYEDEJI LTD
REGISTERED NUMBER:12740746
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2022


Page 2

 
AMOS TIMI OYEDEJI LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

1.


General information

Amos Timi Oyedeji Limited is a limited liability Company registered in England and Wales. Its registration office address is at 128 City Road, London, EC1V 2NX.
The principal activity of the Company during the year was that of specialised design services. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

 
2.3

Turnover

Turnover is measured at the fair value of amounts receivable in respect services provided in the year,
net of trade discounts and excluding value added tax. Revenue from services is recognised when all
contractual obligations have been met.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
AMOS TIMI OYEDEJI LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
AMOS TIMI OYEDEJI LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.8

Basic financial instruments

The Company only enters into transactions that result in basic financial instruments such as trade and other debtors, trade and other creditors, cash at bank and in hand, loans to/from related parties.
Trade debtors, other debtors and loans to related parties are recognised initially at the transaction price less attributable transaction costs. Trade creditors, other creditors and loans from related parties are recognised initially at transaction price plus attributable transaction costs. Subsequently they are measured at amortised cost using the effective interest method, less any impairment losses  in the case of trade and other debtors, and loans to related parties.
Cash and cash equivalents comprise cash balances and call deposits. Bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the period was 1 (2022 -1).


4.


Tangible fixed assets







Computer equipment

£



Cost or valuation


At 1 August 2022
6,707



At 31 December 2022

6,707



Depreciation


At 1 August 2022
1,940


Charge for the period on owned assets
699



At 31 December 2022

2,639



Net book value



At 31 December 2022
4,068



At 31 July 2022
4,767

Page 5

 
AMOS TIMI OYEDEJI LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

5.


Debtors

31 December
31 July
2022
2022
£
£


Trade debtors
-
10,057



6.


Creditors: Amounts falling due within one year

31 December
31 July
2022
2022
£
£

Other taxation and social security
26,632
26,266

Other creditors
400
301

Accruals and deferred income
4,140
2,640

31,172
29,207



7.


Share capital

31 December
31 July
2022
2022
£
£
Allotted, called up and fully paid



1 (2022 -1) Ordinary shares share of £1.00
1
1



8.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £100 (period to 31 July 2022 - £5,200).

 
Page 6