Akinyemi Consulting Limited - Accounts to registrar (filleted) - small 22.3
Akinyemi Consulting Limited - Accounts to registrar (filleted) - small 22.3
REGISTERED NUMBER: |
Report of the Director and |
Unaudited Financial Statements for the Year Ended 31 March 2022 |
for |
Akinyemi Consulting Limited |
Akinyemi Consulting Limited (Registered number: 08477418) |
Contents of the Financial Statements |
for the Year Ended 31 March 2022 |
Page |
Company Information | 1 |
Report of the Director | 2 |
Certified Accountants' Report | 3 |
Balance Sheet | 4 |
Notes to the Financial Statements | 6 |
Akinyemi Consulting Limited |
Company Information |
for the Year Ended 31 March 2022 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants & Tax Advisers |
Town Quay Wharf |
Barking |
Essex |
IG11 7BZ |
Akinyemi Consulting Limited (Registered number: 08477418) |
Report of the Director |
for the Year Ended 31 March 2022 |
The director presents his report with the financial statements of the company for the year ended 31 March 2022. |
PRINCIPAL ACTIVITY |
The principal activity of the company in the year under review was that of Business and domestic software development |
DIVIDENDS |
The total distribution of dividends for the year ended 31 March 2022 will be £ |
DIRECTOR |
His beneficial interest in the shares of the company, according to the register of directors' interests, was as follows: |
31.3.22 | 1.4.21 |
Ordinary shares of £1 each | 1 | 1 |
He did not hold any non-beneficial interests in the shares of the company. |
ON BEHALF OF THE BOARD: |
Certified Accountants' Report to the Director |
on the Unaudited Financial Statements of |
Akinyemi Consulting Limited |
The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies. |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Akinyemi Consulting Limited for the year ended 31 March 2022 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us. |
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook. |
This report is made solely to the director of Akinyemi Consulting Limited in accordance with the terms of our engagement letter dated 4 January 2017. Our work has been undertaken solely to prepare for your approval the financial statements of Akinyemi Consulting Limited and state those matters that we have agreed to state to the director of Akinyemi Consulting Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report. |
It is your duty to ensure that Akinyemi Consulting Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Akinyemi Consulting Limited. You consider that Akinyemi Consulting Limited is exempt from the statutory audit requirement for the year. |
We have not been instructed to carry out an audit or a review of the financial statements of Akinyemi Consulting 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 statutory financial statements. |
Chartered Certified Accountants & Tax Advisers |
Town Quay Wharf |
Barking |
Essex |
IG11 7BZ |
Akinyemi Consulting Limited (Registered number: 08477418) |
Balance Sheet |
31 March 2022 |
31.3.22 | 31.3.21 |
Notes | £ | £ |
CURRENT ASSETS |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CREDITORS |
Amounts falling due after more than one year | 6 |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | 7 | ( |
) | ( |
) |
SHAREHOLDER FUNDS | ( |
) | ( |
) |
The director acknowledges his responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
Akinyemi Consulting Limited (Registered number: 08477418) |
Balance Sheet - continued |
31 March 2022 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
Akinyemi Consulting Limited (Registered number: 08477418) |
Notes to the Financial Statements |
for the Year Ended 31 March 2022 |
1. | STATUTORY INFORMATION |
Akinyemi Consulting Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
Akinyemi Consulting Limited (Registered number: 08477418) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2022 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 April 2021 |
and 31 March 2022 |
DEPRECIATION |
At 1 April 2021 |
and 31 March 2022 |
NET BOOK VALUE |
At 31 March 2022 |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.22 | 31.3.21 |
£ | £ |
Bank loans and overdrafts |
Tax |
Social security and other taxes | ( |
) | ( |
) |
VAT | 78,296 | 52,236 |
Accrued Expenses |
6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.3.22 | 31.3.21 |
£ | £ |
Bounce Back Loan |
Other loans - 2-5 years |
Amounts falling due in more than five years: |
Repayable by instalments |
Bounce Back Loan | 47,198 | 48,000 |
Akinyemi Consulting Limited (Registered number: 08477418) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2022 |
7. | RESERVES |
Retained |
earnings |
£ |
At 1 April 2021 | ( |
) |
Profit for the year |
Dividends | ( |
) |
At 31 March 2022 | ( |
) |
8. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
Total amount paid to the director in the year was £32,917 |
9. | ULTIMATE CONTROLLING PARTY |
The controlling party is Mr Akinbiyi Akinyemi. |