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Company Registration No. 03794715 (England and Wales)
IGBOMINA DESCENDANTS ASSOCIATION (UK) LTD Unaudited accounts for the year ended 31 March 2023
IGBOMINA DESCENDANTS ASSOCIATION (UK) LTD Unaudited accounts Contents
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IGBOMINA DESCENDANTS ASSOCIATION (UK) LTD Company Information for the year ended 31 March 2023
Director
KASH-OLADOSU, Omotayo Mulikat, Dr
Company Number
03794715 (England and Wales)
Registered Office
6 Violet Close Abinger Grove London SE8 5NA UNITED KINGDOM
Accountants
LIBRA ASSOCIATES (UK) LIMITED 133 CREEK ROAD GREENWICH LONDON SE8 3BU
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IGBOMINA DESCENDANTS ASSOCIATION (UK) LTD Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Cash at bank and in hand
13,696 
13,185 
Net current assets
13,696 
13,185 
Net assets
13,696 
13,185 
Reserves
Profit and loss account
13,696 
13,185 
Members' funds
13,696 
13,185 
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 director acknowledges her 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
KASH-OLADOSU, Omotayo Mulikat, Dr Director Company Registration No. 03794715
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IGBOMINA DESCENDANTS ASSOCIATION (UK) LTD Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
IGBOMINA DESCENDANTS ASSOCIATION (UK) LTD is a private company, limited by guarantee, registered in England and Wales, registration number 03794715. The registered office is 6 Violet Close, Abinger Grove, London, SE8 5NA, 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
4
Company limited by guarantee
The company is limited by guarantee and has no share capital. Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
5
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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