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Company Registration No. 11436318 (England and Wales)
Olasumbo Odukoya Ltd Unaudited accounts for the year ended 30 June 2024
Olasumbo Odukoya Ltd Unaudited accounts Contents
Page
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Olasumbo Odukoya Ltd Company Information for the year ended 30 June 2024
Director
Olasumbo Oreyeni
Company Number
11436318 (England and Wales)
Accountants
Faxon Consulting Ltd 85 Great Portland Street London W1W 7LT
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Olasumbo Odukoya Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,815 
10,324 
Current assets
Debtors
18,399 
18,399 
Cash at bank and in hand
9 
9 
18,408 
18,408 
Creditors: amounts falling due within one year
(5,156)
(5,156)
Net current assets
13,252 
13,252 
Total assets less current liabilities
20,067 
23,576 
Creditors: amounts falling due after more than one year
(29,290)
(29,290)
Net liabilities
(9,223)
(5,714)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(9,323)
(5,814)
Shareholders' funds
(9,223)
(5,714)
For the year ending 30 June 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 1 January 2025 and were signed on its behalf by
Olasumbo Oreyeni Director Company Registration No. 11436318
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Olasumbo Odukoya Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Olasumbo Odukoya Ltd is a private company, limited by shares, registered in England and Wales, registration number 11436318.
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.
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
5
Fixtures & fittings
5
Computer equipment
5
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 July 2023
15,000 
509 
1,833 
17,342 
At 30 June 2024
15,000 
509 
1,833 
17,342 
Depreciation
At 1 July 2023
6,000 
102 
916 
7,018 
Charge for the year
3,000 
51 
458 
3,509 
At 30 June 2024
9,000 
153 
1,374 
10,527 
Net book value
At 30 June 2024
6,000 
356 
459 
6,815 
At 30 June 2023
9,000 
407 
917 
10,324 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
18,399 
18,399 
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Olasumbo Odukoya Ltd Notes to the Accounts for the year ended 30 June 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
728 
728 
Trade creditors
3,428 
3,428 
Accruals
1,000 
1,000 
5,156 
5,156 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Trade creditors
29,290 
29,290 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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