Company Registration No. 12238145 (England and Wales)
Iyayi Model Limited
Unaudited accounts
for the year ended 31 October 2024
Iyayi Model Limited
Unaudited accounts
Contents
Iyayi Model Limited
Company Information
for the year ended 31 October 2024
Company Number
12238145 (England and Wales)
Registered Office
C/O Steling Parners Unit 15
7 Wenlock Road
London
N1 7SL
Accountants
Taxsense
203 West Street
Fareham
Hants
PO16 0EN
Iyayi Model Limited
Statement of financial position
as at 31 October 2024
Tangible assets
1,046
2,430
Cash at bank and in hand
65,397
64,458
Creditors: amounts falling due within one year
(110,946)
(66,355)
Net current assets
41,221
903
Called up share capital
1
1
Profit and loss account
42,266
3,332
Shareholders' funds
42,267
3,333
For the year ending 31 October 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 11 December 2024 and were signed on its behalf by
E J Iyayi
Director
Company Registration No. 12238145
Iyayi Model Limited
Notes to the Accounts
for the year ended 31 October 2024
Iyayi Model Limited is a private company, limited by shares, registered in England and Wales, registration number 12238145. The registered office is C/O Steling Parners Unit 15, 7 Wenlock Road, London, N1 7SL.
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.
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.
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:
Computer equipment
33% Straight line
4
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Amounts due from group undertakings etc.
82,100
2,800
Iyayi Model Limited
Notes to the Accounts
for the year ended 31 October 2024
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
31,462
40,166
Other creditors
38,579
16,799
Loans from directors
40,041
319
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director Loan Account
(319)
(96,638)
(56,916)
(40,041)
(319)
(96,638)
(56,916)
(40,041)
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Average number of employees
During the year the average number of employees was 1 (2023: 1).