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Company Registration No. 10790056 (England and Wales)
Jollof Mama Ltd Unaudited accounts for the year ended 31 May 2023
Jollof Mama Ltd Unaudited accounts Contents
Page
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Jollof Mama Ltd Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
14,464 
12,524 
Current assets
Inventories
275 
250 
Debtors
2,436 
3,128 
Cash at bank and in hand
11,614 
604 
14,325 
3,982 
Creditors: amounts falling due within one year
(34,057)
(11,918)
Net current liabilities
(19,732)
(7,936)
Total assets less current liabilities
(5,268)
4,588 
Creditors: amounts falling due after more than one year
(5,794)
(7,636)
Net liabilities
(11,062)
(3,048)
Capital and reserves
Called up share capital
2,000 
2,000 
Profit and loss account
(13,062)
(5,048)
Shareholders' funds
(11,062)
(3,048)
For the year ending 31 May 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.
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 14 February 2024 and were signed on its behalf by
Tieyan Eweka-Olorunfemi Director Company Registration No. 10790056
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Jollof Mama Ltd Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
Jollof Mama Ltd is a private company, limited by shares, registered in England and Wales, registration number 10790056. The registered office is TIEYAN EWEKA 16 CHAMPLAIN HOUSE, WHITE CITY, LONDON, GREATER LONDON, W12 7QN, 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
25% Reducing balance
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 June 2022
24,956 
Additions
6,761 
At 31 May 2023
31,717 
Depreciation
At 1 June 2022
12,432 
Charge for the year
4,821 
At 31 May 2023
17,253 
Net book value
At 31 May 2023
14,464 
At 31 May 2022
12,524 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,436 
3,128 
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Jollof Mama Ltd Notes to the Accounts for the year ended 31 May 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
8,576 
1,254 
Taxes and social security
325 
131 
Other creditors
16,717 
1,856 
Loans from directors
8,439 
8,677 
34,057 
11,918 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
5,794 
7,636 
8
Average number of employees
During the year the average number of employees was 8 (2022: 8).
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