Company Registration No. 09490557 (England and Wales)
Olata Fashions Ltd
Unaudited accounts
for the year ended 31 March 2023
Olata Fashions Ltd
Unaudited accounts
Contents
Olata Fashions Ltd
Company Information
for the year ended 31 March 2023
Directors
Agata Milk
Oliver Milk
Company Number
09490557 (England and Wales)
Registered Office
Northwood House
The Croft Costessey
Norwich
Norfolk
NR8 5DT
England
Accountants
Eastfield Accountants Limited
Blofield Business Centre
Woodbastwick Road
Blofield Heath
Norwich
Norfolk
NR13 4RR
Olata Fashions Ltd
Statement of financial position
as at 31 March 2023
Intangible assets
27,600
41,400
Inventories
149,434
100,022
Cash at bank and in hand
251,172
219,664
Creditors: amounts falling due within one year
(75,673)
(97,492)
Net current assets
325,656
238,984
Net assets
353,256
280,384
Called up share capital
2
2
Profit and loss account
353,254
280,382
Shareholders' funds
353,256
280,384
For the year ending 31 March 2023 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 directors acknowledge their 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 of Directors and authorised for issue on 19 October 2023 and were signed on its behalf by
Oliver Milk
Director
Company Registration No. 09490557
Olata Fashions Ltd
Notes to the Accounts
for the year ended 31 March 2023
Olata Fashions Ltd is a private company, limited by shares, registered in England and Wales, registration number 09490557. The registered office is Northwood House, The Croft Costessey, Norwich, Norfolk, NR8 5DT, England.
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.
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.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
Charge for the year
13,800
Amounts falling due within one year
Olata Fashions Ltd
Notes to the Accounts
for the year ended 31 March 2023
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
55,605
65,292
Loans from directors
206
31,200
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).