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Company Registration No. 11019854 (England and Wales)
JOLLOF SERVICES LTD Unaudited accounts for the year ended 31 October 2023
JOLLOF SERVICES LTD Unaudited accounts Contents
Page
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JOLLOF SERVICES LTD Company Information for the year ended 31 October 2023
Director
MORR MBYE
Secretary
MORR MBYE
Company Number
11019854 (England and Wales)
Registered Office
20 BAXTERWOOD GROVE STANHOPE STREET NEWCASTLE UPON TYNE NE4 5HU ENGLAND
Accountants
DARBOE JULA & CO LTD TEAM HOUSE 1B ST MARY ROAD WATFORD HERTFORDSHIRE WD18 0EE
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of JOLLOF SERVICES LTD for the year ended 31 October 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of JOLLOF SERVICES LTD for the year ended 31 October 2023 as set out on pages 5 - 7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of JOLLOF SERVICES LTD, as a body, in accordance with the terms of our engagement letter dated 6 April 2019. Our work has been undertaken solely to prepare for your approval the accounts of JOLLOF SERVICES LTD and state those matters that we have agreed to state to the Board of Directors of JOLLOF SERVICES LTD, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than JOLLOF SERVICES LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that JOLLOF SERVICES LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of JOLLOF SERVICES LTD. You consider that JOLLOF SERVICES LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of JOLLOF SERVICES LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
DARBOE JULA & CO LTD Chartered Certified Accountants TEAM HOUSE 1B ST MARY ROAD WATFORD HERTFORDSHIRE WD18 0EE 29 July 2024
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JOLLOF SERVICES LTD Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
10,020 
16,700 
Current assets
Debtors
3,600 
2,300 
Cash at bank and in hand
- 
940 
3,600 
3,240 
Creditors: amounts falling due within one year
(13,087)
(16,583)
Net current liabilities
(9,487)
(13,343)
Net assets
533 
3,357 
Capital and reserves
Called up share capital
7,500 
7,500 
Capital contribution reserve
(40,857)
(30,451)
Profit and loss account
33,890 
26,308 
Shareholders' funds
533 
3,357 
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 31 July 2024 and were signed on its behalf by
MORR MBYE Director Company Registration No. 11019854
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JOLLOF SERVICES LTD Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
JOLLOF SERVICES LTD is a private company, limited by shares, registered in England and Wales, registration number 11019854. The registered office is 20 BAXTERWOOD GROVE, STANHOPE STREET, NEWCASTLE UPON TYNE, NE4 5HU, ENGLAND.
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:
Motor vehicles
7 YEARS
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 November 2022
33,400 
At 31 October 2023
33,400 
Depreciation
At 1 November 2022
16,700 
Charge for the year
6,680 
At 31 October 2023
23,380 
Net book value
At 31 October 2023
10,020 
At 31 October 2022
16,700 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
3,600 
2,300 
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JOLLOF SERVICES LTD Notes to the Accounts for the year ended 31 October 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
1,608 
- 
Trade creditors
9,700 
11,450 
Taxes and social security
1,779 
5,133 
13,087 
16,583 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
7,500 Ordinary shares of £1 each
7,500 
7,500 
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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