1 March 2022 false No description of principal activity Taxfiler 2023.10 12485384business:PrivateLimitedCompanyLtd2022-03-012023-02-28 124853842022-02-28 124853842022-03-012023-02-28 12485384business:AuditExempt-NoAccountantsReport2022-03-012023-02-28 12485384business:FilletedAccounts2022-03-012023-02-28 124853842023-02-28 12485384business:Director12022-03-012023-02-28 12485384business:RegisteredOffice2022-03-012023-02-28 124853842022-02-28 12485384core:WithinOneYear2023-02-28 12485384core:WithinOneYear2022-02-28 12485384core:AfterOneYear2023-02-28 12485384core:AfterOneYear2022-02-28 12485384core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 12485384core:ShareCapitalcore:PreviouslyStatedAmount2022-02-28 12485384core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 12485384core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-02-28 12485384core:PreviouslyStatedAmount2023-02-28 12485384core:PreviouslyStatedAmount2022-02-28 12485384business:SmallEntities2022-03-012023-02-28 12485384countries:EnglandWales2022-03-012023-02-28 12485384core:MotorVehicles2022-03-012023-02-28 12485384core:MotorVehicles2022-02-28 12485384core:MotorVehicles2023-02-28 124853842021-03-012022-02-28 iso4217:GBP xbrli:pure
Company Registration No. 12485384 (England and Wales)
Ol & Edward Ltd Unaudited accounts for the year ended 28 February 2023
Ol & Edward Ltd Unaudited accounts Contents
Page
- 2 -
Ol & Edward Ltd Company Information for the year ended 28 February 2023
Director
OLGA MUKSINOVA
Company Number
12485384 (England and Wales)
Registered Office
142 CROMWELL ROAD LONDON SW7 4EF ENGLAND
- 3 -
Ol & Edward Ltd Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
7,296 
8,898 
Current assets
Debtors
(1,844)
21,953 
Cash at bank and in hand
2,059 
11,467 
215 
33,420 
Creditors: amounts falling due within one year
(14,165)
(23,576)
Net current (liabilities)/assets
(13,950)
9,844 
Total assets less current liabilities
(6,654)
18,742 
Creditors: amounts falling due after more than one year
(44,027)
(46,728)
Net liabilities
(50,681)
(27,986)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(50,781)
(28,086)
Shareholders' funds
(50,681)
(27,986)
For the year ending 28 February 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 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 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 27 November 2023 and were signed on its behalf by
OLGA MUKSINOVA Director Company Registration No. 12485384
- 4 -
Ol & Edward Ltd Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
Ol & Edward Ltd is a private company, limited by shares, registered in England and Wales, registration number 12485384. The registered office is 142 CROMWELL ROAD, LONDON, SW7 4EF, 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.
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.
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:
Motor vehicles
@ 18% on Reducing Balance
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 March 2022
12,124 
At 28 February 2023
12,124 
Depreciation
At 1 March 2022
3,226 
Charge for the year
1,602 
At 28 February 2023
4,828 
Net book value
At 28 February 2023
7,296 
At 28 February 2022
8,898 
- 5 -
Ol & Edward Ltd Notes to the Accounts for the year ended 28 February 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
1,101 
- 
Accrued income and prepayments
(2,945)
- 
(1,844)
- 
Amounts falling due after more than one year
Trade debtors
- 
21,953 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
- 
5,801 
Trade creditors
- 
2,338 
Taxes and social security
298 
1,685 
Other creditors
14,000 
14,000 
Loans from directors
(2,048)
240 
Accruals
1,915 
(488)
14,165 
23,576 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
44,027 
46,728 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
- 6 -