Adeyusuff Ltd 09242862 true 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is Other human health activities Digita Accounts Production Advanced 6.30.9574.0 true Mr Olaide Adewale Yusuff true 09242862 2023-04-01 2024-03-31 09242862 2024-03-31 09242862 bus:OrdinaryShareClass1 2024-03-31 09242862 core:RetainedEarningsAccumulatedLosses 2024-03-31 09242862 core:ShareCapital 2024-03-31 09242862 core:CurrentFinancialInstruments 2024-03-31 09242862 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 09242862 core:CurrentFinancialInstruments core:WithinOneYear 2 2024-03-31 09242862 core:Non-currentFinancialInstruments 2024-03-31 09242862 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 09242862 bus:FRS102 2023-04-01 2024-03-31 09242862 bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 09242862 bus:FullAccounts 2023-04-01 2024-03-31 09242862 bus:RegisteredOffice 2023-04-01 2024-03-31 09242862 bus:CompanySecretaryDirector1 2023-04-01 2024-03-31 09242862 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 09242862 bus:EntityNoLongerTradingButTradedInPast 2023-04-01 2024-03-31 09242862 bus:Consolidated 2023-04-01 2024-03-31 09242862 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09242862 countries:England 2023-04-01 2024-03-31 09242862 2023-03-31 09242862 bus:OrdinaryShareClass1 2023-03-31 09242862 core:RetainedEarningsAccumulatedLosses 2023-03-31 09242862 core:ShareCapital 2023-03-31 09242862 core:CurrentFinancialInstruments 2023-03-31 09242862 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 09242862 core:CurrentFinancialInstruments core:WithinOneYear 2 2023-03-31 09242862 core:Non-currentFinancialInstruments 2023-03-31 09242862 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 09242862

Adeyusuff Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2024

 

Adeyusuff Ltd

Profit and Loss Account for the Year Ended 31 March 2024

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

 

Adeyusuff Ltd

(Registration number: 09242862)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Current assets

 

Debtors

3

35,774

35,774

Cash at bank and in hand

 

516

516

 

36,290

36,290

Creditors: Amounts falling due within one year

5

(360)

(360)

Total assets less current liabilities

 

35,930

35,930

Creditors: Amounts falling due after more than one year

5

(37,434)

(37,434)

Net liabilities

 

(1,504)

(1,504)

Capital and reserves

 

Called up share capital

6

1

1

Retained earnings

(1,505)

(1,505)

Shareholders' deficit

 

(1,504)

(1,504)

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 25 December 2024
 

.........................................
Mr Olaide Adewale Yusuff
Company secretary and director

 

Adeyusuff Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
66 Widden Street
Gloucester
GL1 4AN
England

These financial statements were authorised for issue by the director on 25 December 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Adeyusuff Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Debtors

Current

Note

2024
£

2023
£

Other debtors

 

35,037

35,037

Income tax asset

737

737

   

35,774

35,774

4

Cash and cash equivalents

2024
£

2023
£

Cash at bank

516

516

 

Adeyusuff Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

5

Creditors

Note

2024
£

2023
£

Due within one year

 

Social security and other taxes

 

360

360

Due after one year

 

Loans and borrowings

7

37,434

37,434

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

1

1

1

1

       

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

37,434

37,434

8

Related party transactions

 

Adeyusuff Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Transactions with the director