Company Registration No. 03557391 (England and Wales)
Ole Wolff Electronics Ltd
Unaudited accounts
for the year ended 30 June 2022
Ole Wolff Electronics Ltd
Unaudited accounts
Contents
Ole Wolff Electronics Ltd
Company Information
for the year ended 30 June 2022
Company Number
03557391 (England and Wales)
Registered Office
3 BEDFORD STREET
WOBURN
MILTON KEYNES
BUCKINGHAMSHIRE
MK17 9QB
Ole Wolff Electronics Ltd
Statement of financial position
as at 30 June 2022
Tangible assets
25,862
28,472
Inventories
221,851
128,568
Cash at bank and in hand
260,353
134,848
Creditors: amounts falling due within one year
(193,633)
(248,658)
Net current assets
1,067,640
909,322
Net assets
1,093,502
937,794
Called up share capital
100
100
Profit and loss account
1,093,402
937,694
Shareholders' funds
1,093,502
937,794
For the year ending 30 June 2022 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 his 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 6 September 2022 and were signed on its behalf by
Mr O Wolff
Director
Company Registration No. 03557391
Ole Wolff Electronics Ltd
Notes to the Accounts
for the year ended 30 June 2022
Ole Wolff Electronics Ltd is a private company, limited by shares, registered in England and Wales, registration number 03557391. The registered office is 3 BEDFORD STREET, WOBURN, MILTON KEYNES, BUCKINGHAMSHIRE, MK17 9QB.
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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.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
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Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 July 2021
30,574
3,949
20,867
55,390
At 30 June 2022
30,574
3,949
20,867
55,390
At 1 July 2021
10,095
3,068
13,755
26,918
Charge for the year
611
221
1,778
2,610
At 30 June 2022
10,706
3,289
15,533
29,528
At 30 June 2022
19,868
660
5,334
25,862
At 30 June 2021
20,479
881
7,112
28,472
Ole Wolff Electronics Ltd
Notes to the Accounts
for the year ended 30 June 2022
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Debtors: amounts falling due within one year
2022
2021
Trade debtors
290,987
209,974
Amounts due from group undertakings etc.
487,170
684,068
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Creditors: amounts falling due within one year
2022
2021
Trade creditors
109,061
97,049
Taxes and social security
34,946
49,290
Other creditors
(1,500)
(1,244)
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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Average number of employees
During the year the average number of employees was 0 (2021: 0).