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
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
WONDA AFRICAN FOOD STORE LIMITED
Statement of financial position
as at 31 July 2024
Tangible assets
30,604
43,269
Cash at bank and in hand
84,044
15,610
Creditors: amounts falling due within one year
(88,936)
(39,144)
Net current assets
84,163
21,224
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
WONDA AFRICAN FOOD STORE LIMITED
Notes to the Accounts
for the year ended 31 July 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
At 31 July 2024
51,866
13,500
65,366
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
At 31 July 2024
27,229
3,375
30,604
At 31 July 2023
36,519
6,750
43,269
WONDA AFRICAN FOOD STORE LIMITED
Notes to the Accounts
for the year ended 31 July 2024
Amounts falling due within one year
Amounts due from group undertakings etc.
46,689
-
Accrued income and prepayments
2,918
2,918
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
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).