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REGISTERED NUMBER: 13427617 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st May 2023

for

Olympus Scaffolding Ltd

Olympus Scaffolding Ltd (Registered number: 13427617)






Contents of the Financial Statements
for the Year Ended 31st May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Olympus Scaffolding Ltd

Company Information
for the Year Ended 31st May 2023







DIRECTOR: Ms L K Pawlak





REGISTERED OFFICE: 19 Wentworth Street
Ilkeston
Derbyshire
DE7 5TF





REGISTERED NUMBER: 13427617 (England and Wales)





ACCOUNTANTS: Noy & Partners Accountants Limited
17 Farrington Way
Eastwood
Nottingham
Nottinghamshire
NG16 3BF

Olympus Scaffolding Ltd (Registered number: 13427617)

Balance Sheet
31st May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 32,878 8,059

CURRENT ASSETS
Stocks - 4,076
Debtors 5 77,294 18,978
Cash at bank 16,983 5,949
94,277 29,003
CREDITORS
Amounts falling due within one year 6 53,068 28,704
NET CURRENT ASSETS 41,209 299
TOTAL ASSETS LESS CURRENT
LIABILITIES

74,087

8,358

PROVISIONS FOR LIABILITIES 7 6,247 1,531
NET ASSETS 67,840 6,827

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 67,740 6,727
SHAREHOLDERS' FUNDS 67,840 6,827

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Olympus Scaffolding Ltd (Registered number: 13427617)

Balance Sheet - continued
31st May 2023


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 12th February 2024 and were signed by:





Ms L K Pawlak - Director


Olympus Scaffolding Ltd (Registered number: 13427617)

Notes to the Financial Statements
for the Year Ended 31st May 2023

1. STATUTORY INFORMATION

Olympus Scaffolding 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Olympus Scaffolding Ltd (Registered number: 13427617)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st June 2022 7,972 395 1,000 925 10,292
Additions 23,113 - 10,750 - 33,863
At 31st May 2023 31,085 395 11,750 925 44,155
DEPRECIATION
At 1st June 2022 1,595 80 250 308 2,233
Charge for year 5,899 63 2,876 206 9,044
At 31st May 2023 7,494 143 3,126 514 11,277
NET BOOK VALUE
At 31st May 2023 23,591 252 8,624 411 32,878
At 31st May 2022 6,377 315 750 617 8,059

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 58,188 14,067
Other debtors 19,106 4,911
77,294 18,978

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 12,580 1,959
Taxation and social security 9,868 351
Other creditors 30,620 26,394
53,068 28,704

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 6,247 1,531

Olympus Scaffolding Ltd (Registered number: 13427617)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2023

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1st June 2022 1,531
Provided during year 4,716
Balance at 31st May 2023 6,247

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 A 1 100 100