07419173 2023-11-01 2024-10-31 07419173 uk-bus:Director1 2023-11-01 2024-10-31 07419173 uk-bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 07419173 uk-bus:SmallEntities 2023-11-01 2024-10-31 07419173 uk-bus:FullAccounts 2023-11-01 2024-10-31 07419173 uk-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 07419173 2023-11-01 07419173 2024-10-31 07419173 2022-11-01 2023-10-31 07419173 2023-10-31 xbrli:pure iso4217:GBP 07419173 2022-11-01 2023-10-31
Company Registration Number : 07419173 (England and Wales)
07419173
This company is a private limited company
This company sells stuff to other companies
The company was trading for the entire period
Full Accounts
2024-10-31
false
Ijeve Designs Limited
The accounts were prepared in accordance with FRS102A
The accounts have been audited
2023-11-01
Ijeve Designs Limited
Unaudited financial statements and annual report
For the year ended 31 October 2024
Ijeve Designs Limited
Contents
For the year ended 31 October 2024

CONTENTS PAGE
Company Information 3
Directors' Report 4
Directors' Responsibilities Statement
Accountant's Report 5
Income Statement 6
Statement of Financial Position 7
Notes to the Financial Statements 8 - 10


Ijeve Designs Limited
Company Information
For the year ended 31 October 2024

Company registration number 07419173 (England and Wales)
Directors Obiora Nwajagu
Evelyn Obiageli Nwajagu
Registered office address 124 - 126 Church Elm Lane
Dagenham
Essex
RM10 9RL
Accountant












Accountant





Ijeve Designs Limited
Directors' Report
For the year ended 31 October 2024

The directors present their report and the Unaudited Financial Statements for the year ended 31 October 2024.
Principal activity
Artistic creation
Directors of the company
The following directors held office during the whole of the period:
Obiora Nwajagu
Evelyn Obiageli Nwajagu
Statement of directors' responsibilities
The directors are responsible for preparing the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare such financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), FRS 102 1A.
Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to;
-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;and
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the Board of directors and signed on its behalf by:
Obiora Nwajagu (Director)
Date: 15 June 2025
This report was approved by the board on 2025-06-15 Date: 15 June 2025
Ijeve Designs Limited
Accountant's report
For the year ended 31 October 2024

Accountant's Report to the board of directors on the preparation of the unaudited statutory accounts of Ijeve Designs Limited for the year ended 31 October 2024.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ijeve Designs Limited for the year ended 31 October 2024.


We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on these financial statements.


You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited.


The financial statements are provided exclusively to the directors for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.






2025-06-15 Date: 15 June 2025
5
Ijeve Designs Limited
Income Statement
For the year ended 31 October 2024

2024 2023
Notes £ £
Turnover 5 50,987 42,852
Cost of sales (1,737) (3,118)
Gross profit 49,250 39,734
Selling and distribution expenses (39) 8,220
Administrative expenses (62,666) (66,628)
Operating loss 6 (13,455) (18,674)
Interest receivable and similar income - -
Loss on ordinary activities before taxation (13,454) (18,674)
Loss for the year (13,454) (18,674)
/* == Copy of Frs105 Profit Loss for XML COntent ============================================================ */
Profit and loss account
2024 2023
£ £
Ijeve Designs Limited
Statement of Financial Position
For the year ended 31 October 2024

2024 2023
Notes £ £
Current assets
Debtors 9 - 943
Cash and cash equivalents 10 1,890 643
1,890 1,586
Current liabilities
Creditors: Amounts falling due within one year 11 (25,609) (11,380)
Corporation tax payable (3,439) (3,439)
(29,048) (14,819)
Net current (liabilities)/assets (27,158) (13,232)
Total assets less current liabilities (27,158) (13,232)
Non-current liabilities
Creditors: Amounts falling due after more than one year 12 (18,261) (18,732)
Net (liabilities)/assets (45,419) (31,965)
Capital and reserves
Called up share capital 13 100 100
Other reserve (13,361) (13,361)
Retained earnings (32,158) (18,704)
Shareholder's funds (45,419) (31,965)
For the year ended 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A.
  • For the year ended 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 directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared 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.
Approved by the Board on 15 June 2025
.............................
Obiora Nwajagu (Director)
Company registration number: 07419173
/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */
Balance sheet at 2024-10-31 31 October 2024
2024 2023
£ £
Fixed Assets 0 0
Current Assets 1,890 1,586
Creditors: amounts falling due within one year (29,048) (14,819)
Net current assets/(liabilities) (27,158) (13,232)
Total assets less current liabilities (27,158) (13,232)
CREDITORS: Amounts falling due more than one year (18,261) (18,732)
Net Assets/(liabilities) (45,419) (31,965)
Capital and Reserves (45,419) (31,965)
For the year ending 31/10/2024 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. For the year ending 31-10-2024 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 for the year in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These financial statements have been prepared in accordance with the small companies provisions and in accordance with FRS 105 The Financial Reporting Standard applicable to the Micro-entities Regime.
Approved by the board of directors on 15 June 2025 2025-06-15 and signed on behalf of the board,
.............................
Obiora Nwajagu
Director
Company registration number: 07419173
Ijeve Designs Limited
Notes to the Financial Statements
For the year ended 31 October 2024

(1) General Information
Ijeve Designs Limited is a private company limited by shares, domiciled and incorporated in England and Wales. Its registered office is Petronne House, 31 Church Street, Dagenham RM10 9UR.

(2) Statement of compliance
These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime.

(3) Significant Accounting Policies
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies regime.
Basis of Preparation
The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met as described below.
Sale of goods
Sales of goods are recognised when the company has delivered the goods to the customer, no other significant obligation remains unfulfilled that may affect the customer's acceptance of the products and risks and rewards of ownership have transferred to them.
Rendering of Services
Revenue from provision of services rendered in the reporting period is recognised when the outcome of a transaction for the rendering of services can be estimated reliably in terms of revenue, costs and its stage of completion of the specific transaction at the end of the reporting period. The stage of completion is determined on the basis of the actual completion of a proportion of the total services to be rendered. When the outcome of a service contract cannot be estimated reliably the company only recognises revenue to the extent of the recoverable expenses recognised.
Interest income
Interest income is recognised using the effective interest method.
Property, plant and equipment
Property, plant and equipment is stated at cost less accumulated depreciation and impairment losses. Part of an item of property, plant and equipment having different useful lives are accounted for as separate items.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives, using the straight-line method. The estimated useful lives, residual values and depreciation method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis.

Depreciation is provided to write off the cost less estimated residual value, of each asset over its expected useful life as follows:

Asset class and depreciation rate
Land and Buildings
Plant and Machinery
Short Leasehold Properties
Investment Properties
Long Leasehold Properties
Commercial Vehicles
Fixtures and Fittings
Equipment
Motor Cars
Employee benefits
Payments to defined contribution retirement benefit plans are recognised as an expense when employees have rendered service entitling them to the contributions.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

(4) Critical accounting judgements and key sources of estimation uncertainty
No judgement
No significant judgements or estimates have been made in preparation of these financial statements.

(5) Turnover
The revenue from company's operations comprise:
2024 2023
£ £
Sales 50,987 42,852
50,987 42,852

(6) Operating profit
Operating profit for the year from continuing operations has been arrived after charging:
2024 2023
£ £
Staff costs - 55
Director's remuneration 24,416 35,186
Depreciation of property, plant and equipment - 2,288
24,416 37,529

(7) Employees
During the year, the average number of employees including director was 0 (2023 : 0).

The above numbers are averages for the year and calculated on a full-time equivalent basis. The aggregate payroll costs of the above were:
2024 2023
£ £
Wages and salaries 23,917 34,494
Pension contributions 499 692
24,416 35,186

(8) Tangible fixed assets
Equipment
£
Cost
As at 01 November 202333,960
As at 31 October 202433,960
Depreciation
As at 01 November 202333,960
As at 31 October 202433,960
Net book value
As at 31 October 2024-
As at 31 October 2023-

(9) Debtors
Amounts falling due within one year
2024 2023
£ £
Other debtors - 943
- 943

(10) Cash and cash equivalents
2024 2023
£ £
Bank balance 1,890 643
1,890 643

(11) Creditors: Amounts falling due within one year
2024 2023
£ £
Trade creditors 242 -
Other taxes and social security 5,346 3,498
Other creditors 20,020 7,881
25,608 11,379

(12) Creditors: Amounts falling due after more than one year
2024 2023
£ £
Bank loans and overdrafts 18,261 18,732
18,261 18,732

(13) Share capital and reserves
Alloted, called up and fully paid: 2024 2023
£ £
100 (2023 : 100) Ordinary Shares of £ 1 each100100
100 100
Ordinary shares hold equal voting rights.
Retained earnings 2024
£
At 1 November 2023 (18,704)
Loss of the year (13,454)
At 31 October 2024 (32,158)