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REGISTERED NUMBER: 12064053 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Ojay Enterprises Limited

Ojay Enterprises Limited (Registered number: 12064053)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ojay Enterprises Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: A Ojo





REGISTERED OFFICE: 54 Willingham Street
Grimsby
North Lincolnshire
DN32 9BP





REGISTERED NUMBER: 12064053 (England and Wales)





ACCOUNTANTS: ABC Accounting Services
1 Willoughton Place
Wharton Close
Gainsborough
Lincolnshire
DN21 1EB

Ojay Enterprises Limited (Registered number: 12064053)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 730 15,913

CURRENT ASSETS
Debtors 5 - 320
Cash at bank 363 367
363 687
CREDITORS
Amounts falling due within one year 6 4,581 13,580
NET CURRENT LIABILITIES (4,218 ) (12,893 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(3,488

)

3,020

CREDITORS
Amounts falling due after more than one
year

7

5,192

8,240
NET LIABILITIES (8,680 ) (5,220 )

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings (8,681 ) (5,221 )
SHAREHOLDERS' FUNDS (8,680 ) (5,220 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Ojay Enterprises Limited (Registered number: 12064053)

Balance Sheet - continued
30 June 2024


The 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.

The financial statements were approved by the director and authorised for issue on 7 August 2024 and were signed by:





A Ojo - Director


Ojay Enterprises Limited (Registered number: 12064053)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Ojay Enterprises Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
Although the company has net liabilities at the year end date, the director has given assurances that he will continue to provide the necessary finances to enable the company to repay its Bounce Back loan obligations as they fall due. The company's accounts continue to be prepared therefore on a going concern basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Motor vehicles - 10% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. There was no liability at the period end date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - NIL ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 July 2023 1,398 21,000 22,398
Disposals - (21,000 ) (21,000 )
At 30 June 2024 1,398 - 1,398
DEPRECIATION
At 1 July 2023 539 5,946 6,485
Charge for year 129 3,010 3,139
Eliminated on disposal - (8,956 ) (8,956 )
At 30 June 2024 668 - 668
NET BOOK VALUE
At 30 June 2024 730 - 730
At 30 June 2023 859 15,054 15,913

Ojay Enterprises Limited (Registered number: 12064053)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Tax - 320

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 4,000 4,000
Directors' current accounts 281 9,160
Accrued expenses 300 420
4,581 13,580

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans - 2-5 years 5,192 8,240

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
1 Ordinary £1 1 1

9. ULTIMATE CONTROLLING PARTY

The controlling party is A Ojo.

At the year end the company owed the director £281, (2023, £9,160).