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Registered Number: SC676751
England and Wales

 

 

 

A-ONE AFRICA LTD


Abridged Accounts
 


Period of accounts

Start date: 01 November 2022

End date: 31 October 2023
Accountant’s report
You consider that the company is exempt from an audit for the year ended 31 October 2023 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Josh Mathews Associates Ltd
31 October 2023



....................................................
Josh Mathews Associates Ltd
133 Fieldfare road

London
SE28 8HP
29 July 2024
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 19,847    25,446 
19,847    25,446 
Current assets      
Stocks 45,200    35,050 
Debtors 11,211   
Cash at bank and in hand 3,163    1,334 
59,574    36,384 
Creditors: amount falling due within one year (64,849)   (32,058)
Net current assets (5,275)   4,326 
 
Total assets less current liabilities 14,572    29,772 
Creditors: amount falling due after more than one year (14,364)   (18,924)
Net assets 208    10,848 
 

Capital and reserves
     
Called up share capital 1    1 
Profit and loss account 207    10,847 
Shareholders' funds 208    10,848 
 


For the year ended 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 29 July 2024 and were signed by:


-------------------------------
Wale Ismail Olabiran
Director
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General Information
A-ONE AFRICA LTD is a private company, limited by shares, registered in England and Wales, registration number SC676751, registration address 18 GORGIE ROAD, EDINBURGH SCOTLAND, EH11 2LZ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of  trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles 5 Straight Line
Fixtures and Fittings 4 Straight Line
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 3 (2022 : 1).
3.

Tangible fixed assets

Cost or valuation Motor Vehicles   Fixtures and Fittings   Total
  £   £   £
At 01 November 2022 35,849    795    36,644 
Additions    
Disposals    
At 31 October 2023 35,849    795    36,644 
Depreciation
At 01 November 2022 10,800    398    11,198 
Charge for year 5,400    199    5,599 
On disposals    
At 31 October 2023 16,200    597    16,797 
Net book values
Closing balance as at 31 October 2023 19,649    198    19,847 
Opening balance as at 01 November 2022 25,049    397    25,446 


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