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Company Registration No. 08719746 (England and Wales)
ONAMASIN LIMITED Unaudited accounts for the year ended 31 October 2024
ONAMASIN LIMITED Unaudited accounts Contents
Page
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ONAMASIN LIMITED Company Information for the year ended 31 October 2024
Directors
Chike Charles NGWUOCHA Ngozi NGWUOCHA
Company Number
08719746 (England and Wales)
Registered Office
37 BETTERIDGE DRIVE SUTTON COLDFIELD, BIRMINGHAM WEST MIDLANDS B76 1FN
Accountants
Johnson Olanrewaju High Glory Associates London House, Suite 1, Thames road. Slade Green. Dartford Dartford, Kent DA1 14SL
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ONAMASIN LIMITED Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Debtors
22,380 
20,971 
Cash at bank and in hand
10,014 
12,971 
32,394 
33,942 
Creditors: amounts falling due within one year
(10,344)
(11,084)
Net current assets
22,050 
22,858 
Total assets less current liabilities
22,050 
22,858 
Creditors: amounts falling due after more than one year
(13,125)
(16,125)
Net assets
8,925 
6,733 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
8,825 
6,633 
Shareholders' funds
8,925 
6,733 
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 directors acknowledge their 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 of Directors and authorised for issue on 12 February 2025 and were signed on its behalf by
Ngozi NGWUOCHA Director Company Registration No. 08719746
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ONAMASIN LIMITED Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
ONAMASIN LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08719746. The registered office is 37 BETTERIDGE DRIVE, SUTTON COLDFIELD, BIRMINGHAM, WEST MIDLANDS, B76 1FN.
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.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
22,380 
20,971 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
3,000 
3,000 
Taxes and social security
6,144 
5,024 
Other creditors
- 
2,100 
Accruals
1,200 
960 
10,344 
11,084 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
13,125 
16,125 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
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ONAMASIN LIMITED Notes to the Accounts for the year ended 31 October 2024
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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