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Company Registration No. 12819148 (England and Wales)
Ayomide Colonel Ltd Unaudited accounts for the period from 31 August 2022 to 31 August 2023
Ayomide Colonel Ltd Unaudited accounts Contents
Page
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Ayomide Colonel Ltd Company Information for the period from 31 August 2022 to 31 August 2023
Director
Mohammed Rashid Mahmood
Company Number
12819148 (England and Wales)
Registered Office
71 Shelton Street London WC2H 9JQ United Kingdom
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Ayomide Colonel Ltd Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
19,990 
22,846 
Current assets
Inventories
29,442 
28,491 
Debtors
218,336 
201,319 
Cash at bank and in hand
38,262 
24,714 
286,040 
254,524 
Creditors: amounts falling due within one year
(328,788)
(319,080)
Net current liabilities
(42,748)
(64,556)
Net liabilities
(22,758)
(41,710)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(22,759)
(41,711)
Shareholders' funds
(22,758)
(41,710)
For the period ending 31 August 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 1 September 2023 and were signed on its behalf by
Mohammed Rashid Mahmood Director Company Registration No. 12819148
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Ayomide Colonel Ltd Notes to the Accounts for the period from 31 August 2022 to 31 August 2023
1
Statutory information
Ayomide Colonel Ltd is a private company, limited by shares, registered in England and Wales, registration number 12819148. The registered office is 71 Shelton Street, , London, WC2H 9JQ, 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 period, 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
10
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 31 August 2022
25,702 
At 31 August 2023
25,702 
Depreciation
At 31 August 2022
2,856 
Charge for the period
2,856 
At 31 August 2023
5,712 
Net book value
At 31 August 2023
19,990 
At 31 August 2022
22,846 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
218,336 
201,319 
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Ayomide Colonel Ltd Notes to the Accounts for the period from 31 August 2022 to 31 August 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
17,329 
16,385 
Trade creditors
283,607 
275,183 
Taxes and social security
27,852 
27,512 
328,788 
319,080 
7
Average number of employees
During the period the average number of employees was 38 (2022: 10).
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