Acorah Software Products - Accounts Production 12.4.002 false true 1 July 2021 30 June 2022 30 June 2022 13469504 Miss Gemma Openshaw iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13469504 2021-06-30 13469504 2022-06-30 13469504 2021-07-01 2022-06-30 13469504 frs-core:CurrentFinancialInstruments 2022-06-30 13469504 frs-core:CurrentFinancialInstruments 2021-07-01 2022-06-30 13469504 frs-core:Non-currentFinancialInstruments 2022-06-30 13469504 frs-core:Non-currentFinancialInstruments 2021-07-01 2022-06-30 13469504 frs-core:CurrentFinancialInstruments 2021-07-01 2022-06-30 13469504 frs-core:CurrentFinancialInstruments 2022-06-30 13469504 frs-core:AfterOneYear 2021-07-01 2022-06-30 13469504 frs-core:BetweenOneFiveYears 2021-07-01 2022-06-30 13469504 frs-core:BetweenOneFiveYears 2022-06-30 13469504 frs-core:ComputerEquipment 2022-06-30 13469504 frs-core:ComputerEquipment 2021-07-01 2022-06-30 13469504 frs-core:ComputerEquipment 2021-06-30 13469504 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Registered number: 13469504
Olentia Limited
Unaudited Financial Statements
For The Year Ended 30 June 2022
Ascendis Group

Chartered Certified Accountants, Taxation and Business Advisors

Unit 3, Building 2
The Colony, Altrincham Road
Wilmslow
Cheshire
SK9 4LY
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13469504
2022
Notes £ £
FIXED ASSETS
Tangible Assets 3 1,072
1,072
CURRENT ASSETS
Debtors 4 13,205
Cash at bank and in hand 56,409
69,614
Creditors: Amounts Falling Due Within One Year 5 (26,216 )
NET CURRENT ASSETS (LIABILITIES) 43,398
TOTAL ASSETS LESS CURRENT LIABILITIES 44,470
PROVISIONS FOR LIABILITIES
Deferred Taxation 6 (204 )
NET ASSETS 44,266
CAPITAL AND RESERVES
Called up share capital 8 1
Profit and Loss Account 44,265
SHAREHOLDERS' FUNDS 44,266
Page 1
Page 2
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 member has 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Miss Gemma Openshaw
Director
6th September 2022
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2. Turnover
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
1.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% Reducing balance
Computer Equipment 33% Straight line
1.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 1
1
Page 3
Page 4
3. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 July 2021 - - -
Additions 166 1,377 1,543
As at 30 June 2022 166 1,377 1,543
Depreciation
As at 1 July 2021 - - -
Provided during the period 41 430 471
As at 30 June 2022 41 430 471
Net Book Value
As at 30 June 2022 125 947 1,072
As at 1 July 2021 - - -
4. Debtors
2022
£
Due within one year
Trade debtors 13,200
Other debtors 5
13,205
5. Creditors: Amounts Falling Due Within One Year
2022
£
Other creditors 8
Taxation and social security 26,208
26,216
6. Deferred Taxation
The provision for deferred taxation is made up of accelerated capital allowances
2022
£
Deferred tax 204
204
7. Provisions for Liabilities
Deferred Tax
£
Additions 204
Balance at 30 June 2022 204
Page 4
Page 5
8. Share Capital
2022
Allotted, Called up and fully paid 1
Value Number 2022
Allotted, called up and fully paid £ £
Ordinary Shares 0.1 10 1
On the 21 June 2021 there was an ordinary share issue of 10 shares at 0.10p
9. Related Party Transactions
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
10. General Information
Olentia Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13469504 . The registered office is 2 Cedar Avenue, Whitefield, Manchester, M45 7FP.

The principle place of trading for the year was 2 Cedar Avenue, Whitefield, Manchester, M45 7FP.
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