Company Registration No. 11279620 (England and Wales)
Olantek Limited
Unaudited accounts
for the year ended 31 March 2023
Olantek Limited
Unaudited accounts
Contents
Olantek Limited
Company Information
for the year ended 31 March 2023
Company Number
11279620 (England and Wales)
Registered Office
59 Truro Road
Gravesend
London
DA12 5RA
United Kingdom
Accountants
Avinu Consulting Limited
5 Betts Close
Ebbsfleet Valley
Swanscombe
DA10 1ER
Olantek Limited
Statement of financial position
as at 31 March 2023
Tangible assets
9,360
3,954
Cash at bank and in hand
29,908
21,851
Creditors: amounts falling due within one year
(12,134)
(5,242)
Net current assets
17,774
16,609
Total assets less current liabilities
27,134
20,563
Creditors: amounts falling due after more than one year
(15,490)
(20,000)
Called up share capital
100
100
Profit and loss account
11,544
463
Shareholders' funds
11,644
563
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 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 20 October 2023 and were signed on its behalf by
Sunny Sobogun
Director
Company Registration No. 11279620
Olantek Limited
Notes to the Accounts
for the year ended 31 March 2023
Olantek Limited is a private company, limited by shares, registered in England and Wales, registration number 11279620. The registered office is 59 Truro Road, Gravesend , London, DA12 5RA, United Kingdom.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Motor vehicles
Olantek Limited
Notes to the Accounts
for the year ended 31 March 2023
5
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
2,353
-
Taxes and social security
7,627
5,242
Loans from directors
1,254
-
6
Creditors: amounts falling due after more than one year
2023
2022
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).