Company Registration No. 11491150 (England and Wales)
Joel O Ltd
Unaudited accounts
for the year ended 31 July 2025
Joel O Ltd
Unaudited accounts
Contents
Joel O Ltd
Company Information
for the year ended 31 July 2025
Directors
Joel Ikechukwu Osakwe
Irina M Almeida
Company Number
11491150 (England and Wales)
Accountants
Adewale Solomon Odegbesan Msc , FCCA , FCA ,Bsc
Gramosol Limited
53 Horse Chestnut Drive
Manchester
M9 7FU
Joel O Ltd
Statement of financial position
as at 31 July 2025
Tangible assets
10,050
12,100
Cash at bank and in hand
226,050
50,166
Creditors: amounts falling due within one year
42,000
(22,400)
Net current assets
483,299
361,142
Total assets less current liabilities
493,349
373,242
Creditors: amounts falling due after more than one year
(157,565)
(133,737)
Net assets
335,784
239,505
Called up share capital
100
100
Revaluation reserve
83,970
83,970
Profit and loss account
251,714
155,435
Shareholders' funds
335,784
239,505
For the year ending 31 July 2025 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 31 October 2025 and were signed on its behalf by
Joel Ikechukwu Osakwe
Director
Company Registration No. 11491150
Joel O Ltd
Notes to the Accounts
for the year ended 31 July 2025
Joel O Ltd is a private company, limited by shares, registered in England and Wales, registration number 11491150.
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 ã 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:
Computer equipment
Computer Equipment
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 August 2024
14,150
4,100
18,250
At 31 July 2025
14,150
4,100
18,250
At 1 August 2024
3,690
2,460
6,150
Charge for the year
1,230
820
2,050
At 31 July 2025
4,920
3,280
8,200
At 31 July 2025
9,230
820
10,050
At 31 July 2024
10,460
1,640
12,100
Amounts falling due within one year
Trade debtors
43,783
252,142
Accrued income and prepayments
43,589
44,220
Joel O Ltd
Notes to the Accounts
for the year ended 31 July 2025
6
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
25,000
22,400
Loans from directors
(72,000)
-
7
Creditors: amounts falling due after more than one year
2025
2024
Trade creditors
25,287
31,287
Other creditors
57,278
2,450
Loans from directors
75,000
100,000
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Lending by director
(50,000)
-
-
(50,000)
Lending by director
(50,000)
-
-
(50,000)
Directors gave loan to the company during the year
9
Average number of employees
During the year the average number of employees was 10 (2024: 10).