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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
Page
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NOLLYWOOD LONDON LIMITED Company Information for the year ended 31 May 2024
Director
ADEJUMO ADEKUNLE
Company Number
12634244 (England and Wales)
Registered Office
71-75 SHELTON STREET LONDON GREATER LONDON WC2H 9JQ UNITED KINGDOM
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NOLLYWOOD LONDON LIMITED Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
199,542 
142,890 
Current assets
Inventories
152,320 
105,142 
Debtors
39,521 
36,516 
Cash at bank and in hand
15,296 
7,703 
207,137 
149,361 
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)
Net assets
188,777 
37,735 
Capital and reserves
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
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NOLLYWOOD LONDON LIMITED Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
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.
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:
Plant & machinery
15%
Fixtures & fittings
20%
Computer equipment
20%
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 
Depreciation
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 
Net book value
At 31 May 2024
174,984 
11,420 
13,138 
199,542 
At 31 May 2023
138,843 
2,401 
1,646 
142,890 
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NOLLYWOOD LONDON LIMITED Notes to the Accounts for the year ended 31 May 2024
5
Debtors
2024 
2023 
£ 
£ 
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 
Accruals
1,250 
1,250 
37,364 
15,261 
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).
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