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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
Page
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Ole Wolff Electronics Ltd Company Information for the year ended 30 June 2022
Director
Mr O Wolff
Company Number
03557391 (England and Wales)
Registered Office
3 BEDFORD STREET WOBURN MILTON KEYNES BUCKINGHAMSHIRE MK17 9QB
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Ole Wolff Electronics Ltd Statement of financial position as at 30 June 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
25,862 
28,472 
Current assets
Inventories
221,851 
128,568 
Debtors
779,069 
894,564 
Cash at bank and in hand
260,353 
134,848 
1,261,273 
1,157,980 
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 
Capital and reserves
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
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Ole Wolff Electronics Ltd Notes to the Accounts for the year ended 30 June 2022
1
Statutory information
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.
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.
Turnover
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:
Land & buildings
18%
Plant & machinery
18%
Motor vehicles
18%
Fixtures & fittings
18%
4
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 
Depreciation
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 
Net book value
At 30 June 2022
19,868 
660 
5,334 
25,862 
At 30 June 2021
20,479 
881 
7,112 
28,472 
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Ole Wolff Electronics Ltd Notes to the Accounts for the year ended 30 June 2022
5
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 
Other debtors
912 
522 
779,069 
894,564 
6
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)
Accruals
51,126 
103,563 
193,633 
248,658 
7
Share capital
2022 
2021 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Average number of employees
During the year the average number of employees was 0 (2021: 0).
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