1 April 2022 false No description of principal activity Taxfiler 2023.10 12235038business:PrivateLimitedCompanyLtd2022-04-012023-03-31 122350382022-03-31 122350382022-04-012023-03-31 12235038business:AuditExemptWithAccountantsReport2022-04-012023-03-31 12235038business:AbridgedAccounts2022-04-012023-03-31 122350382023-03-31 12235038business:Director12022-04-012023-03-31 12235038business:Director22022-04-012023-03-31 12235038business:RegisteredOffice2022-04-012023-03-31 122350382022-03-31 12235038core:WithinOneYear2023-03-31 12235038core:WithinOneYear2022-03-31 12235038core:AfterOneYear2023-03-31 12235038core:AfterOneYear2022-03-31 12235038core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 12235038core:ShareCapitalcore:PreviouslyStatedAmount2022-03-31 12235038core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 12235038core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-03-31 12235038core:PreviouslyStatedAmount2023-03-31 12235038core:PreviouslyStatedAmount2022-03-31 12235038business:SmallEntities2022-04-012023-03-31 12235038countries:EnglandWales2022-04-012023-03-31 12235038core:PlantMachinery2022-04-012023-03-31 122350382021-04-012022-03-31 iso4217:GBP xbrli:pure
Company Registration No. 12235038 (England and Wales)
OLAKANMI LTD Unaudited accounts for the year ended 31 March 2023
OLAKANMI LTD Unaudited accounts Contents
Page
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OLAKANMI LTD Company Information for the year ended 31 March 2023
Directors
Olamide Olajide Olakanmi Ololade Yetunde Olakanmi
Company Number
12235038 (England and Wales)
Registered Office
5 MAGENTA CRESCENT BALBY DONCASTER DN4 8EA UNITED KINGDOM
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OLAKANMI LTD Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
237,883 
237,883 
Tangible assets
41,964 
50,050 
Investments
28,005 
- 
307,852 
287,933 
Current assets
Inventories
12,197 
12,197 
Debtors
134,220 
31,686 
Cash at bank and in hand
40,978 
38,743 
187,395 
82,626 
Creditors: amounts falling due within one year
(154,854)
(141,318)
Net current assets/(liabilities)
32,541 
(58,692)
Total assets less current liabilities
340,393 
229,241 
Creditors: amounts falling due after more than one year
(181,726)
(200,396)
Net assets
158,667 
28,845 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
158,665 
28,843 
Shareholders' funds
158,667 
28,845 
For the 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. 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 of Directors and authorised for issue on 3 November 2023 and were signed on its behalf by
Olamide Olajide Olakanmi Director Company Registration No. 12235038
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OLAKANMI LTD Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
OLAKANMI LTD is a private company, limited by shares, registered in England and Wales, registration number 12235038. The registered office is 5 MAGENTA CRESCENT, BALBY, DONCASTER, DN4 8EA, 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
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
18
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Total 
£ 
Cost
At 1 April 2022
237,883 
At 31 March 2023
237,883 
Amortisation
At 1 April 2022
- 
At 31 March 2023
- 
Net book value
At 31 March 2023
237,883 
At 31 March 2022
237,883 
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OLAKANMI LTD Notes to the Accounts for the year ended 31 March 2023
5
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 April 2022
55,000 
Additions
1,125 
At 31 March 2023
56,125 
Depreciation
At 1 April 2022
4,950 
Charge for the year
9,211 
At 31 March 2023
14,161 
Net book value
At 31 March 2023
41,964 
At 31 March 2022
50,050 
6
Average number of employees
During the year the average number of employees was 5 (2022: 2).
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