Ayo Ayo Foods Limited

Ayo Ayo Foods Limited
Contents Page
For the year ended 30 June 2025

Company Information	1
Director's Report	2
Accountants' Report	3
Income Statement	4
Statement of Financial Position	5
Notes to the Financial Statements	6
Statement of Changes in Equity	7

Ayo Ayo Foods Limited
Company Information
For the year ended 30 June 2025

Director	Apaobi Micaheal Olatunji
Registered Number	12690417
Registered Office	29 Goodman Street Manchester M9 4FD
Accountants	Reliance Accounting Services Ivy Mill Business Centre Crown Street Failsworth M35 9BG
Bankers	Lloyds Bank Plc

1

Ayo Ayo Foods Limited
Director's Report
For the year ended 30 June 2025

Principal activities

Principal activity of the company during the financial year was of Importation and sales of food items

On behalf of the board.

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Apaobi Micaheal Olatunji
Director

Date approved: 02 July 2026

2

Ayo Ayo Foods Limited Accountants' Report For the year ended 30 June 2025
.................................................... Reliance Accounting Services Ivy Mill Business Centre Crown Street Failsworth M35 9BG 02 July 2026 3

Ayo Ayo Foods Limited
Income Statement
For the year ended 30 June 2025

	2025 £	2024 £
Turnover	249,808	399,528
Cost of sales	(377,905)	(350,100)
Gross profit/loss	(128,097)	49,428
Selling and distribution costs	(12,809)	(11,805)
Administrative expenses	(25,492)	(30,013)
Operating profit/(loss)	(166,398)	7,610
Profit/(Loss) on ordinary activities before taxation	(166,398)	7,610
Tax on profit on ordinary activities	0	(1,515)
Profit/(Loss) for the financial year	(166,398)	6,095

4

Ayo Ayo Foods Limited
Statement of Financial Position
As at 30 June 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	16,718	10,930
		16,718	10,930
Current assets
Stocks	4	3,008	11,550
Debtors	5	9,757	15,104
Cash at bank and in hand		0	(13,371)
		12,765	13,283
Creditors: amount falling due within one year	6	(185,609)	(13,940)
Net current assets		(172,844)	(657)

Total assets less current liabilities		(156,126)	10,273
Net assets		(156,126)	10,273

Capital and reserves
Profit and loss account		(156,126)	10,273
Shareholders' funds		(156,126)	10,273

For the year ended 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
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 income statement has not been delivered to the Registrar of Companies.

The financial statements were approved by the director on 02 July 2026 and were signed by:

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Apaobi Micaheal Olatunji
Director

5

Ayo Ayo Foods Limited
Statement of Changes in Equity
For the year ended 30 June 2025

	Retained Earnings	Total
	£	£
At 01 July 2023	4,178	4,178
Profit/(Loss) for the year	6,095	6,095
Total comprehensive income for the year	6,095	6,095
Total investments by and distributions to owners	-	-
At 30 June 2024	10,273	10,273
At 01 July 2024	10,272	10,272
Profit/(Loss) for the year	(166,398)	(166,398)
Total comprehensive income for the year	(166,398)	(166,398)
Total investments by and distributions to owners	-	-
At 30 June 2025	(156,126)	(156,126)

6

Ayo Ayo Foods Limited
Notes to the Financial Statements
For the year ended 30 June 2025

General Information

Ayo Ayo Foods Limited is a private company, limited by shares, registered in England and Wales, registration number 12690417, registration address 29 Goodman Street, Manchester, M9 4FD.

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.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Motor Vehicles

20 Straight Line

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

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

3.

Tangible fixed assets

Cost or valuation	Plant and Machinery	Motor Vehicles	Total
	£	£	£
At 01 July 2024	-	11,295	11,295
Additions	9,850	-	9,850
Disposals	-	-	-
At 30 June 2025	9,850	11,295	21,145
Depreciation
At 01 July 2024	-	365	365
Charge for year	1,803	2,259	4,062
On disposals	-	-	-
At 30 June 2025	1,803	2,624	4,427
Net book values
Closing balance as at 30 June 2025	8,047	8,671	16,718
Opening balance as at 01 July 2024	-	10,930	10,930

4.

Stocks

	2025 £		2024 £
Stocks	3,008		11,550
	3,008		11,550

5.

Debtors: amounts falling due within one year

	2025 £	2024 £
Trade Debtors	8,687	15,104
VAT	1,070	0
	9,757	15,104

6.

Creditors: amount falling due within one year

	2025 £	2024 £
Trade Creditors	171,036	4,152
Corporation Tax	2,502	2,269
Other Creditors	(1)	(2)
Directors' Current Accounts	12,072	7,521
	185,609	13,940

7.

Share Capital

Authorised
100 Class A shares of £1.00 each

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

7

Registered Number: 12690417
England and Wales
AYO AYO FOODS LIMITED

Unaudited Financial Statements

Period of accounts Start date: 01 July 2024 End date: 30 June 2025