JULI : QUARTER 5 FINANCIAL STATEMENT FOR 2024

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[{"type":"text","content":"\n \n JULI PLC\n \n \n (RC: 10566)\n \n \n FINANCIAL STATEMENTS\n \n \n FOR THE YEAR ENDED DECEMBER 31ST, 2024.\n \n \n Ayinde Saheed & Co.\n \n \n (Chartered Accountants/Tax Consultants)\n \n \n Lagos - Nigeria\n \n \n JULI PLC\n \n \n FOR THE YEAR ENDED DECEMBER 31ST, 2024\n \n COMPANY INFORMATION\n \n \n Directors:\n \n \n Prince Julius Adelusi-Adeluyi, OFR, Mni- Chairman\n \n \n Prof. Lere Baale\n \n \n Mrs. Julia Omosalewa Adelusi-Adeluyi\n \n \n Mr. Olanrewaju Ajayi\n \n \n SAN. Dele Adesina\n \n \n Mrs. Abiola Macaulay\n \n \n Mrs. Lohdir Asabe Atu\n \n \n Mrs. Olufunke Ogunranti- Executive\n \n \n Company Number:\n \n \n RC: 10566\n \n \n Date of Incorporation:\n \n \n September 14th, 1972\n \n \n Date listed on the Exchange:\n \n \n November 7th, 1986\n \n \n Registered Office:\n \n \n Juli House\n \n \n 19, Kodesoh Street,\n \n \n Ikeja, Lagos State.\n E-mail: [email protected]\n Website: www.juliplc.com.ng\n Telephone: 08191539915\n \n \n Company Secretary:\n \n \n Olalekan Yusuf (SAN) & Co\n \n \n (Legal Practitioners & Notary Public)\n \n \n 85, Allen Avenue\n \n \n Ikeja, Lagos State.\n E-mail: [email protected]\n Telehone: 01-77583513\n \n \n Auditors:\n \n \n Ayinde Saheed & Co.\n \n \n (Chartered Accountants/ Tax Consultants)\n \n \n 23, Independent Street,\n \n \n Anifowoshe, Ikeja,\n \n \n Lagos.\n \n \n Bankers:\n \n \n Wema Bank Plc\n \n \n Zenith Bank Plc\n \n \n 2\n \n JULI PLC\n \n \n FINANCIAL STATEMENTS\n \n \n FOR THE YEAR ENDED DECEMBER 31ST, 2024.\n \n \n STATEMENT OF DIRECTORS' RESPONSIBILITIES\n \n \n State of Directors' Responsibilities\n \n \n The directors are responsible for the preparation of the financial statements,\n \n Proper accounting records are maintained;\n Internal control procedures are instituted which as far as is reasonably possible, safeguard the assets and prevent, detect errors, fraud and other irregularities;\n The applicable accounting standards are followed;\n Suitable accounting policies are adopted and consistently applied;\n The judgments and estimates made are reasonable and prudent; and\n The going concern basis is used unless it is inappropriate to presume that the company will continue in business.\n \n The directors accept responsibility for the annual financial statements, which have\n \n \n The directors are of the opinion that the ...

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