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Company Registration No. 10580019 (England and Wales)
ABYALE LIMITED Unaudited accounts for the year ended 31 January 2024
ABYALE LIMITED Unaudited accounts Contents
Page
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ABYALE LIMITED Company Information for the year ended 31 January 2024
Director
Abiola Awoyale
Company Number
10580019 (England and Wales)
Registered Office
11 Diana Close Milton Regis Sittinbourne ME10 2QW England
Accountants
Arthur Hamilton Accountancy 124 City Road London EC1V 2NX
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ABYALE LIMITED Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Cash at bank and in hand
74 
79 
Creditors: amounts falling due within one year
210 
(7,573)
Net current assets/(liabilities)
284 
(7,494)
Total assets less current liabilities
284 
(7,494)
Creditors: amounts falling due after more than one year
(25,826)
(26,134)
Net liabilities
(25,542)
(33,628)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(25,543)
(33,629)
Shareholders' funds
(25,542)
(33,628)
For the year ending 31 January 2024 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 8 October 2024 and were signed on its behalf by
Abiola Awoyale Director Company Registration No. 10580019
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ABYALE LIMITED Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
ABYALE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10580019. The registered office is 11 Diana Close Milton Regis, Sittinbourne, ME10 2QW, 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.
Turnover
The turnover shown in the profit and loss account represents revenue recognised by the company in respect of goods and services supplied during the period, exclusive of Value Added Tax and trade discounts.
4
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
1,897 
- 
Loans from directors
(2,107)
7,573 
(210)
7,573 
5
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
25,826 
26,134 
6
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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