Company Registration No. 09132625 (England and Wales)
Tyjara Commodities Limited
Unaudited accounts
for the year ended 31 December 2018
Tyjara Commodities Limited
Unaudited accounts
Contents
Tyjara Commodities Limited
Company Information
for the year ended 31 December 2018
Directors
Andrew Onitiri
Murtala Shehu Yar'Adua
Company Number
09132625 (England and Wales)
Registered Office
Lower Park
Coldridge
Crediton
devon
EX17 6AS
Accountants
OD Accountants Ltd
Suite 213, The Pillbox
115 Coventry Rd
Bethnal Green
London
E2 6GG
Tyjara Commodities Limited
Statement of financial position
as at
31 December 2018
Cash at bank and in hand
181,305
39,911
Creditors: amounts falling due within one year
(1,066,401)
(941,550)
Net current liabilities
(256,917)
(188,316)
Net liabilities
(256,917)
(188,316)
Called up share capital
1,000
1,000
Profit and loss account
(257,917)
(189,316)
Shareholders' funds
(256,917)
(188,316)
For the year ending 31 December 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 directors acknowledge their 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.
Approved by the Board on 10 June 2019.
Andrew Onitiri
Director
Company Registration No. 09132625
Tyjara Commodities Limited
Notes to the Accounts
for the year ended 31 December 2018
Tyjara Commodities Limited is a private company, limited by shares, registered in England and Wales, registration number 09132625. The registered office is Lower Park, Coldridge, Crediton, devon, EX17 6AS.
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.
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.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Despite being owed US$801,142 (2017 US$$947,134) by its major client and owes US$1,285,8318 (2017 US$1,164,908) to a supplier, the accounts have been prepared on a going concern basis.
Trade debtors
627,844
712,988
5
Creditors: amounts falling due within one year
2018
2017
Other creditors
1,030,501
876,925
The company has three loans outstanding with the same company. Interest is being charged at 10% pa on these loans.
6
Share capital
2018
2017
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
Tyjara Commodities Limited
Notes to the Accounts
for the year ended 31 December 2018
The company is owed US$801,142 (2017 US$947,134) by its major client. Tyjara Commodities Limited are a party to legal proceedings in Nigeria to recover the debt.
8
Average number of employees
During the year the average number of employees was 0 (2017: 0).