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Company Registration No. 12238145 (England and Wales)
Iyayi Model Limited Unaudited accounts for the year ended 31 October 2023
Iyayi Model Limited Unaudited accounts Contents
Page
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Iyayi Model Limited Company Information for the year ended 31 October 2023
Director
E J Iyayi
Company Number
12238145 (England and Wales)
Registered Office
C/O Steling Parners Unit 15 7 Wenlock Road London N1 7SL
Accountants
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN
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Iyayi Model Limited Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,430 
1,650 
Current assets
Debtors
2,800 
83,413 
Cash at bank and in hand
64,458 
64,123 
67,258 
147,536 
Creditors: amounts falling due within one year
(66,355)
(73,383)
Net current assets
903 
74,153 
Net assets
3,333 
75,803 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
3,332 
75,802 
Shareholders' funds
3,333 
75,803 
For the year ending 31 October 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 12 July 2024 and were signed on its behalf by
E J Iyayi Director Company Registration No. 12238145
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Iyayi Model Limited Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
Iyayi Model Limited is a private company, limited by shares, registered in England and Wales, registration number 12238145. The registered office is C/O Steling Parners Unit 15, 7 Wenlock Road, London, N1 7SL.
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:
Computer equipment
33% Straight line
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 November 2022
2,463 
Additions
1,730 
At 31 October 2023
4,193 
Depreciation
At 1 November 2022
813 
Charge for the year
950 
At 31 October 2023
1,763 
Net book value
At 31 October 2023
2,430 
At 31 October 2022
1,650 
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Iyayi Model Limited Notes to the Accounts for the year ended 31 October 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
30,621 
Amounts due from group undertakings etc.
2,800 
- 
Other debtors
- 
52,792 
2,800 
83,413 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
7,831 
12,718 
Taxes and social security
40,166 
40,166 
Other creditors
16,799 
16,799 
Loans from directors
319 
- 
Accruals
1,240 
3,700 
66,355 
73,383 
7
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
E J Iyayi
Director Loan Account
52,792 
(552,848)
(499,737)
(319)
52,792 
(552,848)
(499,737)
(319)
8
Average number of employees
During the year the average number of employees was 1 (2022: 0).
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