DERAYO LTD

Company Registration Number:
14129807 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2024

Period of accounts

Start date: 1 June 2023

End date: 31 May 2024

DERAYO LTD

Contents of the Financial Statements

for the Period Ended 31 May 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

DERAYO LTD

Directors' report period ended 31 May 2024

The directors present their report with the financial statements of the company for the period ended 31 May 2024

Directors

The director shown below has held office during the whole of the period from
1 June 2023 to 31 May 2024

AJIKE, Adetoun Oladunke


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
29 January 2025

And signed on behalf of the board by:
Name: AJIKE, Adetoun Oladunke
Status: Director

DERAYO LTD

Profit And Loss Account

for the Period Ended 31 May 2024

2024 2023


£

£
Turnover: 21,750 12,680
Cost of sales: ( 8,151 ) ( 6,000 )
Gross profit(or loss): 13,599 6,680
Distribution costs: 0 0
Administrative expenses: ( 14,370 ) ( 6,480 )
Operating profit(or loss): (771) 200
Profit(or loss) before tax: (771) 200
Profit(or loss) for the financial year: (771) 200

DERAYO LTD

Balance sheet

As at 31 May 2024

Notes 2024 2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 672 820
Investments:   0 0
Total fixed assets: 672 820
Current assets
Debtors: 4 0 680
Cash at bank and in hand: 87 0
Total current assets: 87 680
Creditors: amounts falling due within one year: 5 ( 370 ) ( 340 )
Net current assets (liabilities): (283) 340
Total assets less current liabilities: 389 1,160
Total net assets (liabilities): 389 1,160
Capital and reserves
Called up share capital: 1,000 1,000
Profit and loss account: (611 ) 160
Total Shareholders' funds: 389 1,160

The notes form part of these financial statements

DERAYO LTD

Balance sheet statements

For the year ending 31 May 2024 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 29 January 2025
and signed on behalf of the board by:

Name: AJIKE, Adetoun Oladunke
Status: Director

The notes form part of these financial statements

DERAYO LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    The turnover shown in the profit and loss account represents revenue earned during the period, exclusive of VAT

    Tangible fixed assets depreciation policy

    Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.

    Other accounting policies

    Fixtures & fittings and Office Equipment including Computers - 18% Reducing balance

DERAYO LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 2 2

DERAYO LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 June 2023 1,000 1,000
Additions
Disposals
Revaluations
Transfers
At 31 May 2024 1,000 1,000
Depreciation
At 1 June 2023 180 180
Charge for year 148 148
On disposals
Other adjustments
At 31 May 2024 328 328
Net book value
At 31 May 2024 672 672
At 31 May 2023 820 820

DERAYO LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Debtors

2024 2023
£ £
Trade debtors 0 680
Prepayments and accrued income 0 0
Total 0 680

DERAYO LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 370 340
Total 370 340