Onjenu Ltd

Onjenu Ltd

ONJENU LTD - Company Information

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1 April 2017 false No description of principal activity Taxfiler 2018.19.Web 07178963business:PrivateLimitedCompanyLtd2017-04-012018-03-31 071789632017-03-31 071789632017-04-012018-03-31 07178963business:AuditExemptWithAccountantsReport2017-04-012018-03-31 07178963business:AbridgedAccounts2017-04-012018-03-31 071789632018-03-31 07178963business:Director12017-04-012018-03-31 07178963business:RegisteredOffice2017-04-012018-03-31 071789632017-03-31 07178963core:WithinOneYear2018-03-31 07178963core:WithinOneYear2017-03-31 07178963core:ShareCapital2018-03-31 07178963core:ShareCapital2017-03-31 07178963core:RetainedEarningsAccumulatedLosses2018-03-31 07178963core:RetainedEarningsAccumulatedLosses2017-03-31 07178963business:SmallEntities2017-04-012018-03-31 07178963countries:EnglandWales2017-04-012018-03-31 07178963core:FurnitureFittings2017-04-012018-03-31 07178963core:ComputerEquipment2017-04-012018-03-31 07178963business:OrdinaryShareClass12017-04-012018-03-31 07178963business:OrdinaryShareClass12016-04-012017-03-31 07178963business:Director112017-04-012018-03-31 07178963business:Director112017-03-31 07178963business:Director112018-03-31 071789632016-04-012017-03-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 07178963 (England and Wales)
Onjenu Ltd Unaudited accounts for the year ended 31 March 2018
Onjenu Ltd Unaudited accounts Contents
Page
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Onjenu Ltd Company Information for the year ended 31 March 2018
Director
Philomena Ryan
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
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Onjenu Ltd Accountants' report
Accountants' report to the director of Onjenu Ltd on the preparation of the unaudited statutory accounts for the year ended 31 March 2018
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Onjenu Ltd for the year ended 31 March 2018 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Onjenu Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Onjenu Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Onjenu Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Onjenu Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Onjenu Ltd. You consider that Onjenu Ltd 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 accounts of Onjenu Ltd. 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 accounts.
Wisdom Accounting Service Ltd FLAT 8, 50 NEW CHURCH ROAD HOVE EAST SUSSEX BN3 4DL 19 February 2018
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Onjenu Ltd Statement of financial position as at 31 March 2018
2018 
2017 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
4,534 
6,045 
Current assets
Inventories
47,042 
34,269 
Debtors
146,538 
290,104 
Cash at bank and in hand
479,092 
467,201 
672,672 
791,574 
Creditors: amounts falling due within one year
9,593 
(233,013)
Net current assets
682,265 
558,561 
Net assets
686,799 
564,606 
Capital and reserves
Called up share capital
5
103 
103 
Profit and loss account
686,696 
564,503 
Shareholders' funds
686,799 
564,606 
For the year ending 31 March 2018 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.
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.
Approved by the Board on 31 December 2018.
Philomena Ryan Director Company Registration No. 07178963
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Onjenu Ltd Notes to the Accounts for the year ended 31 March 2018
1
Statutory information
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.
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.
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
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 April 2017
22,371 
At 31 March 2018
22,371 
Depreciation
At 1 April 2017
16,326 
Charge for the year
1,511 
At 31 March 2018
17,837 
Net book value
At 31 March 2018
4,534 
At 31 March 2017
6,045 
5
Share capital
2018 
2017 
£ 
£ 
Allotted, called up and fully paid:
103 Ordinary shares of £1 each
103 
103 
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Onjenu Ltd Notes to the Accounts for the year ended 31 March 2018
6
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Philomena Ryan
Loan to director
- 
123,374 
123,374 
- 
- 
123,374 
123,374 
- 
The director has repaid the loan to company by 31/12/2018 in full.
7
Average number of employees
During the year the average number of employees was 2 (2017: 2).
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