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Registered Number: 06392397
England and Wales

 

 

 

AGBO-SABA CASH & CARRY LIMITED



Unaudited Financial Statements
 


Period of accounts

Start date: 01 November 2024

End date: 31 October 2025

Agbo-Saba Cash & Carry Limited
Contents Page
For the year ended 31 October 2025
Director Adedoyin Sikiru AGBOMABIWON
Registered Number 06392397
Registered Office 12 Chatsworth Road
Hackney
London
E5 0LP
Accountants Julius and Julius and Associates LLP
70 Clapton Square
London
E5 8HW
1
Director's report and financial statements
The director presents his/her/their annual report and the financial statements for the year ended 31 October 2025.
Principal activities
Principal activity of the company during the financial year was 47110 - Retail sale in non-specialised stores with food, beverages or tobacco predominating
Director
The director who served the company throughout the year was as follows:
Adedoyin Sikiru AGBOMABIWON
Statement of director's responsibilities
The director is responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director 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 the profit or loss of the company for that period.

In preparing these financial statements, the director is required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is 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. The director is 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.

The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

On behalf of the board.


----------------------------------
Adedoyin Sikiru AGBOMABIWON
Director

Date approved: 13 December 2025
2
Report to the directors on the preparation of the unaudited statutory accounts of Agbo-Saba Cash & Carry Limited for the year ended 31 October 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Agbo-Saba Cash & Carry Limited for the year ended 31 October 2025 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given to us.

As a practising member firm of the Institute of Financial Accountants (IFA), we are subject to its ethical and other professional requirements which are detailed at https://www.ifa.org.uk/about-us/acting-in-the-public-interest/memberregulations.

This report is made solely to the Board of Directors of Agbo-Saba Cash & Carry Limited, as a body, in accordance with the terms of our engagement letter dated 13 December 2025. Our work has been undertaken solely to prepare for your approval the accounts of Agbo-Saba Cash & Carry Limited and state those matters that we have agreed to state to the Board of Directors of Agbo-Saba Cash & Carry Limited, as a body, in this report.To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Agbo-Saba Cash & Carry Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Agbo-Saba Cash & Carry Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Agbo-Saba Cash & Carry Limited.You consider that Agbo-Saba Cash & Carry Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit of the accounts of Agbo-Saba Cash & Carry Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements 31 October 2025.



....................................................
Julius and Julius and Associates LLP
70 Clapton Square
London
E5 8HW
13 December 2025
3
 
 		 Notes
 		 2025
£		   2024
£
Turnover 67,932    59,501 
Cost of sales (54,149)   (54,158)
Gross profit 13,783    5,343 
Administrative expenses (22,908)   (21,886)
Operating loss (9,125)   (16,543)
Interest payable and similar charges (560)   (794)
Profit/(Loss) on ordinary activities before taxation (9,685)   (17,337)
Tax on profit on ordinary activities 0    0 
Profit/(Loss) for the financial year (9,685)   (17,337)
 
4
 
 		 Notes
 		 2025
£		   2024
£
Current assets      
Debtors 3 0    (35,700)
Cash at bank and in hand 1,352    2,129 
1,352    (33,571)
Net current assets 1,352    (33,571)
 
Total assets less current liabilities 1,352    (33,571)
Creditors: amount falling due after more than one year 4 (123,788)   (96,517)
Net assets (122,436)   (130,088)
 

Capital and reserves 		     
Called up share capital 5 100    100 
Profit and loss account (122,536)   (130,188)
Shareholders' funds (122,436)   (130,088)
 


For the year ended 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006, the profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 13 December 2025 and were signed by:


-------------------------------
Adedoyin Sikiru AGBOMABIWON
Director
5
  Equity share capital   Retained Earnings   Total
£ £ £
At 01 November 2023 100  (112,851) (112,751)
Profit for the year (17,337) (17,337)
Total comprehensive income for the year -  (17,337) (17,337)
Total investments by and distributions to owners -  -  - 
At 31 October 2024 100  (130,188) (130,088)
At 01 November 2024 100  (112,851) (112,751)
Profit for the year (9,685) (9,685)
Total comprehensive income for the year -  (9,685) (9,685)
Total investments by and distributions to owners -  -  - 
At 31 October 2025 100  (122,536) (122,436)
6
General Information
Agbo-Saba Cash & Carry Limited is a private company, limited by shares, registered in England and Wales, registration number 06392397, registration address 12 Chatsworth Road, Hackney, London, E5 0LP.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.

Average number of employees

Average number of employees during the year was 1 (2024 : 1).
3.

Debtors: amounts falling due within one year

2025
£		   2024
£
Prepayments & Accrued Income 0    (35,700)
0    (35,700)

4.

Creditors: amount falling due after more than one year

2025
£		   2024
£
Trade Creditors 0    89,913 
Bank Loans & Overdrafts 2,202    6,604 
Directors' Loan Accounts 121,586    0 
123,788    96,517 

5.

Share Capital

Allotted, called up and fully paid
2025
£		   2024
£
100 Class A shares of £1.00 each 100    100 
100    100 

7