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Company Registration No. 12768191 (England and Wales)
WONDA AFRICAN FOOD STORE LIMITED Unaudited accounts for the year ended 31 July 2024
WONDA AFRICAN FOOD STORE LIMITED Unaudited accounts Contents
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WONDA AFRICAN FOOD STORE LIMITED Company Information for the year ended 31 July 2024
Director
Mr King Ishola Ajose
Company Number
12768191 (England and Wales)
Registered Office
27 FRANKFORT GATE PLYMOUTH DEVON PL1 1QA UNITED KINGDOM
Accountants
Warrenwood Insystems Ltd Suite 8, Claremont Business Centre 6 Claremont Road Surbiton Surrey KT6 4RA
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WONDA AFRICAN FOOD STORE LIMITED Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
30,604 
43,269 
Current assets
Inventories
35,000 
35,000 
Debtors
54,055 
9,758 
Cash at bank and in hand
84,044 
15,610 
173,099 
60,368 
Creditors: amounts falling due within one year
(88,936)
(39,144)
Net current assets
84,163 
21,224 
Net assets
114,767 
64,493 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
114,766 
64,492 
Shareholders' funds
114,767 
64,493 
For the year ending 31 July 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 15 February 2024 and were signed on its behalf by
Mr King Ishola Ajose Director Company Registration No. 12768191
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WONDA AFRICAN FOOD STORE LIMITED Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
WONDA AFRICAN FOOD STORE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12768191. The registered office is 27 FRANKFORT GATE, PLYMOUTH, DEVON, PL1 1QA, UNITED KINGDOM.
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
These financial statements for the year ended 31 July 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 August 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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:
Plant & machinery
20% straight line
Motor vehicles
25% straight line
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2023
50,783 
13,500 
64,283 
Additions
1,083 
- 
1,083 
At 31 July 2024
51,866 
13,500 
65,366 
Depreciation
At 1 August 2023
14,264 
6,750 
21,014 
Charge for the year
10,373 
3,375 
13,748 
At 31 July 2024
24,637 
10,125 
34,762 
Net book value
At 31 July 2024
27,229 
3,375 
30,604 
At 31 July 2023
36,519 
6,750 
43,269 
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WONDA AFRICAN FOOD STORE LIMITED Notes to the Accounts for the year ended 31 July 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
498 
2,890 
Amounts due from group undertakings etc.
46,689 
- 
Accrued income and prepayments
2,918 
2,918 
Other debtors
3,950 
3,950 
54,055 
9,758 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
1,645 
1,650 
Taxes and social security
18,197 
4,306 
Other creditors
32,519 
26,964 
Loans from directors
34,192 
4,674 
Accruals
2,383 
1,550 
88,936 
39,144 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
8
Operating lease commitments
2024 
2023 
£ 
£ 
At 31 July 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
21,200 
16,641 
9
Transactions with related parties
The company was under the control of Mr. King Ishola Ajose, throughout the current and previous year. Mr King Ishola Ajose is the director and majority shareholder. During the year the director’s current account was not overdrawn. Include in creditors an aggregate amount of £34,192 comprise of loan from the director, which is not interest bearing. (2023 £4,674).
10
Average number of employees
During the year the average number of employees was 20 (2023: 9).
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