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Registered number: 11694217
Areg & Co Limited
Unaudited Financial Statements
For The Year Ended 30 November 2023
GA CORPORATE CONSULTING LIMITED
286 Moston Lane
Manchester
M40 9WB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11694217
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 100
- 100
CURRENT ASSETS
Investments 5 9,260 12,000
Cash at bank and in hand 346 132
9,606 12,132
Creditors: Amounts Falling Due Within One Year 6 (397 ) (1,405 )
NET CURRENT ASSETS (LIABILITIES) 9,209 10,727
TOTAL ASSETS LESS CURRENT LIABILITIES 9,209 10,827
Creditors: Amounts Falling Due After More Than One Year 7 (3,425 ) (5,660 )
NET ASSETS 5,784 5,167
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 5,783 5,166
SHAREHOLDERS' FUNDS 5,784 5,167
Page 1
Page 2
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr MOBOLAJI AREGBESOLA
Director
1st April 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Areg & Co Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11694217 . The registered office is 23 Hazel Road, Erith, DA8 2LT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment Straight Line Basis - 20%
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 December 2022 500
As at 30 November 2023 500
Depreciation
As at 1 December 2022 400
Provided during the period 100
As at 30 November 2023 500
Net Book Value
As at 30 November 2023 -
As at 1 December 2022 100
5. Current Asset Investments
2023 2022
£ £
Unlisted investments 9,260 12,000
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Page 4
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Other creditors 397 1,405
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 3,425 5,660
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
9. Directors Advances, Credits and Guarantees
Dividends paid to directors
2023 2022
£ £
Mr MOBOLAJI AREGBESOLA 1,370 2,400
10. Ultimate Controlling Party
The company's ultimate controlling party is Mobolaji AREGBESOLA by virtue of his ownership of 100% of the issued share capital in the company.
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