Company Registration No. 09610767 (England and Wales)
Olives Solicitors Limited
Unaudited accounts
for the year ended 31 May 2023
Olives Solicitors Limited
Unaudited accounts
Contents
Olives Solicitors Limited
Company Information
for the year ended 31 May 2023
Directors
Mr Oludotun Ogunfolu
Mr Andrew Paul
Mrs Theresa Holden
Company Number
09610767 (England and Wales)
Registered Office
2 Batchelor Street
Chatham
Kent
ME4 4BJ
United Kingdom
Accountants
Eclat Accountancy Ltd
71 Dartmouth Road
London
SE23 3HT
Olives Solicitors Limited
Statement of financial position
as at 31 May 2023
Intangible assets
56,858
34,358
Tangible assets
4,582
3,277
Debtors
1,362,917
(297,732)
Cash at bank and in hand
1,340
366,905
Creditors: amounts falling due within one year
(1,421,550)
(68,119)
Net current (liabilities)/assets
(57,293)
1,054
Total assets less current liabilities
4,147
38,689
Creditors: amounts falling due after more than one year
(42,826)
(51,065)
Net liabilities
(38,679)
(12,376)
Called up share capital
100
100
Profit and loss account
(38,779)
(12,476)
Shareholders' funds
(38,679)
(12,376)
For the year ending 31 May 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 28 February 2024 and were signed on its behalf by
Mr Oludotun Ogunfolu
Director
Company Registration No. 09610767
Olives Solicitors Limited
Notes to the Accounts
for the year ended 31 May 2023
Olives Solicitors Limited is a private company, limited by shares, registered in England and Wales, registration number 09610767. The registered office is 2 Batchelor Street , Chatham, Kent, ME4 4BJ, 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.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
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:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
Olives Solicitors Limited
Notes to the Accounts
for the year ended 31 May 2023
5
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Trade debtors
94,722
49,024
Other debtors
1,268,195
(346,756)
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
28,136
2,469
Taxes and social security
3,560
1,416
Other creditors
1,272,335
850
Loans from directors
94,932
49,296
8
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
27,485
19,892
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Average number of employees
During the year the average number of employees was 6 (2022: 7).