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COMPANY REGISTRATION NUMBER: 02362169
The Akabusi Company Limited
Filleted Unaudited Financial Statements
31 May 2024
The Akabusi Company Limited
Financial Statements
Year ended 31st May 2024
Contents
Pages
Officers and professional advisers
1
Statement of financial position and the notes to the financial statements
2 to 3
The Akabusi Company Limited
Officers and Professional Advisers
Director
Mr K Akabusi
Registered office
The Lawns
4 Stockgrove Park House
Heath and Reach
Leighton Buzzard
Bedfordshire
LU7 0BB
Accountants
Griffiths and Pegg Limited
Chartered Accountants
3 Hagley Court South
Waterfront East
Level Street
Brierley Hill
West Midlands
DY5 1XE
Bankers
Barclays Bank
22 Harpur Street
Bedford
Bedfordshire
MK40 1LB
The Akabusi Company Limited
Statement of Financial Position
31 May 2024
2024
2023
£
£
£
Fixed assets
683,004
683,004
---------
---------
Current assets
13,436
28,429
Prepayments and accrued income
600
931
--------
--------
14,036
29,360
Creditors: amounts falling due within one year
234,434
239,395
---------
---------
Net current liabilities
( 220,398)
( 210,035)
---------
---------
Total assets less current liabilities
462,606
472,969
Creditors: amounts falling due after more than one year
418,584
416,890
Accruals and deferred income
3,993
3,345
---------
---------
40,029
52,734
---------
---------
Capital and reserves
40,029
52,734
--------
--------
Notes to the financial statements
1. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
2. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
Mr K Akabusi
( 11,910)
( 8,500)
20,035
( 375)
--------
-------
--------
----
2023
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
Mr K Akabusi
( 25,990)
-
14,080
( 11,910)
--------
----
--------
--------
For the year ending 31st May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 6 January 2025 , and are signed on behalf of the board by:
Mr K Akabusi
Director
Company registration number: 02362169
The company is a private company limited by shares, registered in England and Wales.