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Company Registration No. 13028788 (England and Wales)
516 LIMITED Unaudited accounts for the year ended 30 November 2023
516 LIMITED Unaudited accounts Contents
Page
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516 LIMITED Company Information for the year ended 30 November 2023
Directors
Omowunmi Maryam Olubusola Ladele Awujoola Olatomiwa Ladele
Company Number
13028788 (England and Wales)
Registered Office
4 LOCKWOOD PLACE DARTFORD DA1 5TD ENGLAND
Accountants
Accounts Fortress Limited 14 Eleanor close Dartford Kent DA1 5GQ
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516 LIMITED Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
582 
251 
Current assets
Inventories
3,256 
8,962 
Cash at bank and in hand
2,111 
3,632 
5,367 
12,594 
Creditors: amounts falling due within one year
(13,173)
(13,012)
Net current liabilities
(7,806)
(418)
Net liabilities
(7,224)
(167)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(7,225)
(168)
Shareholders' funds
(7,224)
(167)
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 members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 of Directors and authorised for issue on 21 July 2024 and were signed on its behalf by
Omowunmi Maryam Olubusola Ladele Director Company Registration No. 13028788
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516 LIMITED Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
516 LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13028788. The registered office is 4 LOCKWOOD PLACE, DARTFORD, DA1 5TD, 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:
Computer equipment
3
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 December 2022
457 
Additions
874 
At 30 November 2023
1,331 
Depreciation
At 1 December 2022
206 
Charge for the year
543 
At 30 November 2023
749 
Net book value
At 30 November 2023
582 
At 30 November 2022
251 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
- 
9 
Loans from directors
12,873 
12,553 
Accruals
300 
450 
13,173 
13,012 
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516 LIMITED Notes to the Accounts for the year ended 30 November 2023
6
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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