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REGISTERED NUMBER: 11961362 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

OLI SYSTEMS, LTD.

OLI SYSTEMS, LTD. (REGISTERED NUMBER: 11961362)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


OLI SYSTEMS, LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2021







DIRECTOR: A D Rafal





REGISTERED OFFICE: Suite 2 First Floor
10 Temple Back
Bristol
United Kingdom
BS1 6FL





REGISTERED NUMBER: 11961362 (England and Wales)






OLI SYSTEMS, LTD. (REGISTERED NUMBER: 11961362)

BALANCE SHEET
31 DECEMBER 2021

2021 2020
Notes £    £   
CURRENT ASSETS
Debtors 4 59,685 50,330
Cash at bank 7,377 4,925
67,062 55,255
CREDITORS
Amounts falling due within one year 5 (5,715 ) (11,585 )
NET CURRENT ASSETS 61,347 43,670
TOTAL ASSETS LESS CURRENT
LIABILITIES

61,347

43,670

CAPITAL AND RESERVES
Called up share capital 6 4,000 4,000
Retained earnings 7 57,347 39,670
SHAREHOLDERS' FUNDS 61,347 43,670

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 September 2022 and were signed by:





A D Rafal - Director


OLI SYSTEMS, LTD. (REGISTERED NUMBER: 11961362)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1. STATUTORY INFORMATION

OLI Systems, Ltd. is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Amounts owed by group undertakings 59,425 50,270
Deferred tax asset 260 60
59,685 50,330

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Tax 4,347 10,203
Social security and other taxes 1,368 1,382
5,715 11,585

OLI SYSTEMS, LTD. (REGISTERED NUMBER: 11961362)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

6. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
400,000 Ordinary 0.01 4,000 4,000

7. RESERVES
Retained
earnings
£   

At 1 January 2021 39,670
Profit for the year 17,677
At 31 December 2021 57,347

8. RELATED PARTY DISCLOSURES

The company has availed of the exemption under FRS 102 in relation to the disclosure of transactions with group companies

9. ULTIMATE CONTROLLING PARTY

OLI Systems, Inc. (incorporated in United States of America) is regarded by the director as being the company's ultimate parent company.

The largest and smallest group in which the results of the company are consolidated is that by OLI Systems, Inc. a private company incorporated in the United States of America.

The address of OLI Systems, Inc. is 2 Gatehall, Dr. Suite, 1D Parsippany, NJ 07054.