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Company Registration No. 05489308 (England and Wales)
O. J. Oyan Ltd Unaudited accounts for the year ended 30 June 2025
O. J. Oyan Ltd Statement of financial position as at 30 June 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
186
248
Current assets
Debtors
18,068
4,370
Cash at bank and in hand
210,401
190,688
228,469
195,058
Creditors: amounts falling due within one year
(42,597)
(30,748)
Net current assets
185,872
164,310
Net assets
186,058
164,558
Capital and reserves
Called up share capital
1
1
Profit and loss account
186,057
164,557
Shareholders' funds
186,058
164,558
For the year ending 30 June 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 11 February 2026 and were signed on its behalf by
Dr Jude Oritsemeyiwa Oyan Director Company Registration No. 05489308
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O. J. Oyan Ltd Notes to the Accounts for the year ended 30 June 2025
1
Statutory information
O. J. Oyan Ltd is a private company, limited by shares, registered in England and Wales, registration number 05489308. The registered office is Flat 1, 251 Connaught Works, Old Ford Road, London, E3 5PS.
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
25%
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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O. J. Oyan Ltd Notes to the Accounts for the year ended 30 June 2025
4
Tangible fixed assets
Total
£
Cost or valuation
At 1 July 2024
981
At 30 June 2025
981
Depreciation
At 1 July 2024
733
Charge for the year
62
At 30 June 2025
795
Net book value
At 30 June 2025
186
At 30 June 2024
248
5
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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