Company registration number 12008074 (England and Wales)
OLGA CARPENCO LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023
OLGA CARPENCO LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
OLGA CARPENCO LTD
BALANCE SHEET
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,836
2,449
Current assets
Debtors
4
154
175
Cash at bank and in hand
5,776
8,709
5,930
8,884
Creditors: amounts falling due within one year
5
(3,452)
(5,446)
Net current assets
2,478
3,438
Net assets
4,314
5,887
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
4,214
5,787
Total equity
4,314
5,887
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 24 January 2024
Miss O Carpenco
Director
Company registration number 12008074 (England and Wales)
OLGA CARPENCO LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023
- 2 -
1
Accounting policies
Company information
OLGA CARPENCO LTD is a private company limited by shares incorporated in England and Wales. The registered office is 2-4 Packhorse Road, Gerrards Cross, Buckinghamshire, SL9 7QE.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.
1.3
Tangible fixed assets
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Computers
33% on cost
1.4
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
1
1
OLGA CARPENCO LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2023
- 3 -
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 June 2022
7,857
Additions
632
At 31 May 2023
8,489
Depreciation and impairment
At 1 June 2022
5,408
Depreciation charged in the year
1,245
At 31 May 2023
6,653
Carrying amount
At 31 May 2023
1,836
At 31 May 2022
2,449
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
154
175
5
Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
685
2,769
Other taxation and social security
32
412
Other creditors
2,735
2,265
3,452
5,446