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Company Registration No. 11132440 (England and Wales)
OKIKIOLA LIMITED Unaudited accounts for the period from 1 February 2023 to 29 February 2024
OKIKIOLA LIMITED Unaudited accounts Contents
Page
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OKIKIOLA LIMITED Company Information for the period from 1 February 2023 to 29 February 2024
Director
ADESEWA OLUWAREMILEKUN FOLORUNSO
Company Number
11132440 (England and Wales)
Registered Office
18 ANTHONY CLOSE MANCHESTER M12 5EJ UNITED KINGDOM
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OKIKIOLA LIMITED Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
21,370 
24,160 
Current assets
Cash at bank and in hand
206 
3,522 
Creditors: amounts falling due within one year
(6,400)
(500)
Net current (liabilities)/assets
(6,194)
3,022 
Total assets less current liabilities
15,176 
27,182 
Creditors: amounts falling due after more than one year
(17,697)
(24,057)
Net (liabilities)/assets
(2,521)
3,125 
Capital and reserves
Called up share capital
1 
- 
Profit and loss account
(2,522)
3,125 
Shareholders' funds
(2,521)
3,125 
For the period ending 29 February 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 her 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 27 November 2024 and were signed on its behalf by
ADESEWA OLUWAREMILEKUN FOLORUNSO Director Company Registration No. 11132440
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OKIKIOLA LIMITED Notes to the Accounts for the period from 1 February 2023 to 29 February 2024
1
Statutory information
OKIKIOLA LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11132440. The registered office is 18 ANTHONY CLOSE, MANCHESTER, M12 5EJ, 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
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
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:
Motor vehicles
1
Computer equipment
2
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.
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2023
26,000 
950 
26,950 
At 29 February 2024
26,000 
950 
26,950 
Depreciation
At 1 February 2023
2,600 
190 
2,790 
Charge for the period
2,600 
190 
2,790 
At 29 February 2024
5,200 
380 
5,580 
Net book value
At 29 February 2024
20,800 
570 
21,370 
At 31 January 2023
23,400 
760 
24,160 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Loans from directors
5,500 
- 
Accruals
900 
500 
6,400 
500 
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OKIKIOLA LIMITED Notes to the Accounts for the period from 1 February 2023 to 29 February 2024
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
14,249 
16,909 
Obligations under finance leases and hire purchase contracts
3,448 
7,148 
17,697 
24,057 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
8
Average number of employees
During the period the average number of employees was 0 (2023: 0).
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