11442495 2022-08-01 2023-07-31 11442495 uk-bus:Director1 2022-08-01 2023-07-31 11442495 uk-bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 11442495 uk-bus:SmallEntities 2022-08-01 2023-07-31 11442495 uk-bus:FullAccounts 2022-08-01 2023-07-31 11442495 uk-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 11442495 2022-08-01 11442495 2023-07-31 11442495 2021-08-01 2022-07-31 11442495 2022-07-31 xbrli:pure iso4217:GBP 11442495 2021-08-01 2022-07-31
Company Registration Number : 11442495 (England and Wales)
11442495
This company is a private limited company
This company sells stuff to other companies
The company was trading for the entire period
Full Accounts
2023-07-31
false
Abraham Josk Ltd
The accounts were prepared in accordance with FRS102A
The accounts have been audited
2022-08-01
Abraham Josk Ltd
Unaudited financial statements and annual report
For the year ended 31 July 2023
Abraham Josk Ltd
Contents
For the year ended 31 July 2023

CONTENTS PAGE
Company Information 3
Directors' Report 4
Directors' Responsibilities Statement 5
Accountant's Report 5
Income Statement 6
Statement of Financial Position 7
Notes to the Financial Statements 8 - 10
Detailed Income Statement 11


Abraham Josk Ltd
Company Information
For the year ended 31 July 2023

Company registration number 11442495 (England and Wales)
Directors Olumuyiwa Kogbe
Bunmi Kogbe
Registered office address 58 Linton Gardens
London
England
E6 5SQ
UK
Accountant Macturner Accounting Ltd
Petronne House
31 Church Street
RM10 9UR












Accountant

Macturner Accounting Ltd

Petronne House
31 Church Street
RM10 9UR
Abraham Josk Ltd
Directors' Report
For the year ended 31 July 2023

The directors present their report and the Unaudited Financial Statements for the year ended 31 July 2023.
Principal activity
The principal activity of the company continued to be that of Buying and Letting of own property.
Going concern
The financial statements have been prepared on a going concern basis unless it is inappropriate to presume that the company will continue in business.
Directors of the company
The following directors held office during the whole of the period:
Bunmi Kogbe
Olumuyiwa Kogbe
Statement of directors' responsibilities
The directors are responsible for preparing the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare such financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), FRS 102 1A Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to; select suitable accounting policies and then apply them consistently; make judgements and accounting estimates that are reasonable and prudent; and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Small company provisions
This report has been prepared in accordance with the special provisions for small companies within Part 15 of the Companies Act 2006.
Approved by the Board of directors and signed on its behalf by:
Bunmi Kogbe (Director)
Date: 24 January 2024
This report was approved by the board on 2024-01-24 Date: 24 January 2024
Abraham Josk Ltd
Accountant's report
For the year ended 31 July 2023

Accountant's Report to the board of directors on the preparation of the unaudited statutory accounts of Abraham Josk Ltd for the year ended 31 July 2023.
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Abraham Josk Ltd for the year ended 31 July 2023.

We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on these financial statements.

You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited.

The financial statements are provided exclusively to the directors for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
Macturner Accounting Ltd

Petronne House
31 Church Street

RM10 9UR
2024-01-24 Date: 24 January 2024
5
Abraham Josk Ltd
Income Statement
For the year ended 31 July 2023

2023 2022
Notes £ £
Turnover 5 14,966 14,390
Gross profit 14,966 14,390
Administrative expenses (913) (982)
Operating profit 14,053 13,408
Interest payable and similar charges 7 (9,303) (9,303)
Profit on ordinary activities before taxation 4,750 4,105
Tax 8 (902) (780)
Profit for the year 3,848 3,325
/* == Copy of Frs105 Profit Loss for XML COntent ============================================================ */
Profit and loss account
2023 2022
£ £
Abraham Josk Ltd
Statement of Financial Position
For the year ended 31 July 2023

2023 2022
Notes £ £
Fixed assets
Property, plant and equipment 9 346,807 346,807
346,807 346,807
Current assets
Cash and cash equivalents 10 1,290 1,109
1,290 1,109
Current liabilities
Creditors: Amounts falling due within one year 11 (681) (648)
Corporation tax payable (932) (809)
(1,613) (1,457)
Net current (liabilities)/assets (324) (348)
Total assets less current liabilities 346,483 346,459
Non-current liabilities
Creditors: Amounts falling due after more than one year 12 (339,600) (339,423)
Net assets/(liabilities) 6,883 7,035
Capital and reserves
Called up share capital 13 1,000 1,000
Retained earnings 5,883 6,035
Shareholders' funds 6,883 7,035
For the year ended 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A.
  • For the year ended 31 July 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 responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts 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.
Approved by the Board on 24 January 2024
.............................
Bunmi Kogbe (Director)
Company registration number: 11442495
/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */
Balance sheet at 2023-07-31 31 July 2023
2023 2022
£ £
Fixed Assets 346,807 346,807
Current Assets 1,290 1,109
Creditors: amounts falling due within one year (1,613) (1,457)
Net current assets (liabilities) (324) (348)
Total assets less current liabilities 346,483 346,459
CREDITORS: Amounts falling due more than one year (339,600) (339,423)
Net Assets (liabilities) 6,883 7,035
Capital and Reserves 6,883 7,035
For the year ending 7/31/2023 the company was entitled to exemption 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. For the year ending 31-07-2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit for the year in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. 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 small companies provisions and in accordance with FRS 105 The Financial Reporting Standard applicable to the Micro-entities Regime.
Approved by the board of directors on 24 January 2024 2024-01-24 and signed on behalf of the board,
.............................
Bunmi Kogbe
Director
Company registration number: 11442495
Abraham Josk Ltd
Notes to the Financial Statements
For the year ended 31 July 2023

(1) General Information
Abraham Josk Ltd is a private company limited by shares, domiciled and incorporated in England and Wales. Its registered office is Petronne House, 31 Church Street, Dagenham RM10 9UR.

(2) Statement of compliance
These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime.

(3) Significant Accounting Policies
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. These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies regime.
Basis of Preparation
The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met as described below.
Sale of goods
Sales of goods are recognised when the company has delivered the goods to the customer, no other significant obligation remains unfulfilled that may affect the customer's acceptance of the products and risks and rewards of ownership have transferred to them.
Rendering of Services
Revenue from provision of services rendered in the reporting period is recognised when the outcome of a transaction for the rendering of services can be estimated reliably in terms of revenue, costs and its stage of completion of the specific transaction at the end of the reporting period. The stage of completion is determined on the basis of the actual completion of a proportion of the total services to be rendered. When the outcome of a service contract cannot be estimated reliably the company only recognises revenue to the extent of the recoverable expenses recognised.
Borrowing costs
All borrowing related costs are included within the statement of income in the period in which they are incurred using the effective interest method.
Property, plant and equipment
Property, plant and equipment is stated at cost less accumulated depreciation and impairment losses. Part of an item of property, plant and equipment having different useful lives are accounted for as separate items.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives, using the straight-line method. The estimated useful lives, residual values and depreciation method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis.

Depreciation is provided to write off the cost less estimated residual value, of each asset over its expected useful life as follows:

Asset class and depreciation rate
Land and Buildings
Plant and Machinery
Short Leasehold Properties
Investment Properties
Long Leasehold Properties
Commercial Vehicles
Fixtures and Fittings
Equipment
Motor Cars
Taxation
Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.
Current Tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit before tax as reported in the income statement because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

(4) Critical accounting judgements and key sources of estimation uncertainty
No judgement
No significant judgements or estimates have been made in preparation of these financial statements.

(5) Turnover
The revenue from company's operations comprise:
2023 2022
£ £
Sales 14,966 14,390
14,966 14,390

(6) Employees
During the year, the average number of employees including director was 0 (2022 : 0).

(7) Interest payable and similar charges
2023 2022
£ £
Interest on bank loans and overdrafts 9,303 9,303
9,303 9,303

(8) Tax
Current tax
2023 2022
£ £
Corporation tax charge for current year 903 780
Total current tax 903 780

(9) Tangible fixed assets
Land and Buildings
£
Cost
As at 01 August 2022346,807
As at 31 July 2023346,807
Depreciation
As at 31 July 2023-
Net book value
As at 31 July 2023346,807
As at 31 July 2022346,807

(10) Cash and cash equivalents
2023 2022
£ £
Bank balance 1,290 1,109
1,290 1,109

(11) Creditors: Amounts falling due within one year
2023 2022
£ £
Trade creditors 516 648
Other creditors 165 -
681 648

(12) Creditors: Amounts falling due after more than one year
2023 2022
£ £
Bank loans and overdrafts 248,953 249,534
Other creditors 90,647 89,889
339,600 339,423

(13) Share capital and reserves
Alloted,called up and fully paid: 2023 2022
£ £
1,000 (2022 : 1,000) Ordinary Shares of £ 1 each1,0001,000
1,000 1,000
Ordinary shares hold equal voting rights.
Retained earnings 2023
£
At 1 August 2022 6,035
Profit of the year 3,848
Dividends paid (4,000)
At 31 July 2023 5,883
Abraham Josk Ltd
Detailed Income Statement
For the year ended 31 July 2023

This section does not form part of the statutory accounts.

2023 2022
£ £
Turnover 14,966 14,390
Gross Profit 14,966 14,390
Less : Administrative expenses
Premises Costs 208 208
Accountancy, Bookkeeping and Auditing Fees 518 648
Legal and Professional Fees 13 -
Bank Fees 173 126
913 982
Operating profit 14,053 13,408
Less : Interest payable and similar charges
Hire Purchase, Mortgage and Other Interest 9,303 9,303
9,303 9,303
Profit on ordinary activities before taxation 4,750 4,105
Less : Tax
Corporation Tax 902 780
902 780
Net profit for the year after taxation 3,848 3,325
Less : Distributions
Dividends 4,000 -
4,000 -
Net loss for the year after dividends (152) 3,325
Retained profits brought forward 6,035 2,710
Retained profits carried forward 5,883 6,035