Company Registration No. 12634244 (England and Wales)
NOLLYWOOD LONDON LIMITED
Unaudited accounts
for the year ended 31 May 2024
NOLLYWOOD LONDON LIMITED
Unaudited accounts
Contents
NOLLYWOOD LONDON LIMITED
Company Information
for the year ended 31 May 2024
Company Number
12634244 (England and Wales)
Registered Office
71-75 SHELTON STREET
LONDON
GREATER LONDON
WC2H 9JQ
UNITED KINGDOM
NOLLYWOOD LONDON LIMITED
Statement of financial position
as at 31 May 2024
Tangible assets
199,542
142,890
Inventories
152,320
105,142
Cash at bank and in hand
15,296
7,703
Creditors: amounts falling due within one year
(37,364)
(15,261)
Net current assets
169,773
134,100
Total assets less current liabilities
369,315
276,990
Creditors: amounts falling due after more than one year
(180,538)
(239,255)
Called up share capital
1
1
Profit and loss account
188,776
37,734
Shareholders' funds
188,777
37,735
For the year ending 31 May 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 18 September 2024 and were signed on its behalf by
ADEJUMO ADEKUNLE
Director
Company Registration No. 12634244
NOLLYWOOD LONDON LIMITED
Notes to the Accounts
for the year ended 31 May 2024
NOLLYWOOD LONDON LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12634244. The registered office is 71-75 SHELTON STREET, LONDON, GREATER LONDON, WC2H 9JQ, UNITED KINGDOM.
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:
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2023
221,774
5,998
4,112
231,884
Additions
79,887
11,874
14,777
106,538
At 31 May 2024
301,661
17,872
18,889
338,422
At 1 June 2023
82,931
3,597
2,466
88,994
Charge for the year
43,746
2,855
3,285
49,886
At 31 May 2024
126,677
6,452
5,751
138,880
At 31 May 2024
174,984
11,420
13,138
199,542
At 31 May 2023
138,843
2,401
1,646
142,890
NOLLYWOOD LONDON LIMITED
Notes to the Accounts
for the year ended 31 May 2024
Amounts falling due within one year
Accrued income and prepayments
39,521
36,516
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
18,916
-
Other creditors
17,198
14,011
7
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
180,538
239,255
8
Average number of employees
During the year the average number of employees was 6 (2023: 5).