Company Registration No. 07178963 (England and Wales)
Onjenu Ltd
Unaudited accounts
for the year ended 31 March 2020
Onjenu Ltd
Unaudited accounts
Contents
Onjenu Ltd
Company Information
for the year ended 31 March 2020
Company Number
07178963 (England and Wales)
Registered Office
483 Green Lanes
LONDON
N13 4BS
Accountants
Wisdom Accounting Service Ltd
FLAT 8, 50
NEW CHURCH ROAD
HOVE
EAST SUSSEX
BN3 4DL
Onjenu Ltd
Statement of financial position
as at 31 March 2020
Tangible assets
2,550
3,401
Cash at bank and in hand
694,299
457,694
Creditors: amounts falling due within one year
(373,620)
87,729
Net current assets
426,508
860,311
Net assets
429,058
863,712
Called up share capital
103
103
Profit and loss account
428,955
863,609
Shareholders' funds
429,058
863,712
For the year ending 31 March 2020 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 her 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 and authorised for issue on 30 June 2020 and were signed on its behalf by
Philomena Ryan
Director
Company Registration No. 07178963
Onjenu Ltd
Notes to the Accounts
for the year ended 31 March 2020
Onjenu Ltd is a private company, limited by shares, registered in England and Wales, registration number 07178963. The registered office is 483 Green Lanes, LONDON, N13 4BS.
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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 £ 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:
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
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Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2019
19,628
2,743
22,371
At 31 March 2020
19,628
2,743
22,371
At 1 April 2019
16,929
2,041
18,970
Charge for the year
675
176
851
At 31 March 2020
17,604
2,217
19,821
At 31 March 2020
2,024
526
2,550
At 31 March 2019
2,699
702
3,401
Onjenu Ltd
Notes to the Accounts
for the year ended 31 March 2020
Trade debtors
75,566
278,096
Total debtors
75,566
278,096
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Creditors: amounts falling due within one year
2020
2019
Trade creditors
3,550
40,878
Taxes and social security
37,875
143,830
Other creditors
20,676
14,607
Loans from directors
311,519
(287,044)
Allotted, called up and fully paid:
103 Ordinary shares of £1 each
103
103
The director has repaid the loan to company by 31/12/2019 in full.
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Average number of employees
During the year the average number of employees was 1 (2019: 2).
