Bobyem Services Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 11001842 (England and Wales)

Report of the Director and

Unaudited Financial Statements for the Year Ended 31 October 2022

for

Bobyem Services Limited

Page

Company Information

1

Report of the Director

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTOR:

Mr Adejimi Adewale Adesan

REGISTERED OFFICE:

99a Manor Road

Dagenham

Essex

RM10 8BE

REGISTERED NUMBER:

11001842 (England and Wales)

ACCOUNTANTS:

Krypton Consulting Ltd

Chartered Certified Accountants & Tax Advisers

Unit 6

Town Quay Wharf

Barking

Essex

IG11 7BZ

The director presents his report with the financial statements of the company for the year ended 31 October 2022.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of Cargo handling for land transport activities, Other transportation support activities, Management of real estate on a fee or contract basis and Other service activities not elsewhere classified

DIRECTOR

Mr Adejimi Adewale Adesan held office during the whole of the period from 1 November 2021 to the date of this report.

His beneficial interest in the shares of the company, according to the register of directors' interests, was as follows:

31.10.22

1.11.21

Ordinary shares of £1 each

100

100

He did not hold any non-beneficial interests in the shares of the company.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Mr Adejimi Adewale Adesan - Director

14 July 2023

CURRENT ASSETS

Stocks

14,857

14,857

Debtors

4

3,694

3,694

Cash at bank and in hand

361

673

18,912

19,224

CREDITORS

Amounts falling due within one year

5

10,209

554

NET CURRENT ASSETS

8,703

18,670

TOTAL ASSETS LESS CURRENT LIABILITIES

8,703

18,670

ACCRUALS AND DEFERRED INCOME

3,908

15,569

NET ASSETS

4,795

3,101

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

6

4,695

3,001

SHAREHOLDERS' FUNDS

4,795

3,101

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2022 in accordance with Section 476 of the Companies Act 2006.

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.

The 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.

The financial statements were approved by the director and authorised for issue on 14 July 2023 and were signed by:

Mr Adejimi Adewale Adesan - Director

1.	STATUTORY INFORMATION

Bobyem Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.22

31.10.21

£

£

Trade debtors

3,694

3,694

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.22

31.10.21

£

£

Capital on Tap

-

(6,083

)

Trade creditors

2,193

2,193

Corporation Tax Payable

536

137

VAT Due

6,022

5,195

Barclay Card

1,458

(888

)

10,209

554

6.

RESERVES

Retained

earnings

£

At 1 November 2021

3,001

Profit for the year

1,694

At 31 October 2022

4,695