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Registered Number: 12780630
England and Wales

 

 

 

OLYMPIA SOLUTIONS LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 August 2022

End date: 31 July 2023
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 54,602    57,426 
54,602    57,426 
Current assets      
Debtors 31,432    44,980 
Cash at bank and in hand 14,317    9,169 
45,749    54,149 
Creditors: amount falling due within one year (16,666)   (19,200)
Net current assets 29,083    34,949 
 
Total assets less current liabilities 83,685    92,375 
Creditors: amount falling due after more than one year   (10,470)
Net assets 83,685    81,905 
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account 83,585    81,805 
Shareholder's funds 83,685    81,905 
 


For the year ended 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 24 April 2024 and were signed by:


-------------------------------
Godwin AIRE
Director
1
General Information
OLYMPIA SOLUTIONS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12780630, registration address 64 AMERSHAM AVENUE, LONDON ENGLAND, N18 1DT.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant & Machinery 20%
Motor Vehicle          25%
Computer                 10%
2.

Average number of employees

Average number of employees during the year was 1 (2022 : 1).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Computer Equipment   Total
  £   £   £   £
At 01 August 2022 23,200    59,480    2,240    84,920 
Additions   13,549    207    13,756 
Disposals      
At 31 July 2023 23,200    73,029    2,447    98,676 
Depreciation
At 01 August 2022 2,850    23,972    672    27,494 
Charge for year 4,070    12,265    245    16,580 
On disposals      
At 31 July 2023 6,920    36,237    917    44,074 
Net book values
Closing balance as at 31 July 2023 16,280    36,792    1,530    54,602 
Opening balance as at 01 August 2022 20,350    35,508    1,568    57,426 


2