Company Registration No. 08517711 (England and Wales)
OLA COMMERICAL ENTERPRISES LTD
Unaudited accounts
for the year ended 31 May 2023
OLA COMMERICAL ENTERPRISES LTD
Unaudited accounts
Contents
OLA COMMERICAL ENTERPRISES LTD
Company Information
for the year ended 31 May 2023
Director
BABALOLA, Oluwaseyi Akinwale
Company Number
08517711 (England and Wales)
Registered Office
FLAT 62 81
HANOVER PARK
LONDON
SE15 5HE
Accountants
CHRISDOL CONSULTING LTD
STUDIO 22, ACTION HOUSE
53 SANDGATE STREET
LONDON
SE15 1LE
OLA COMMERICAL ENTERPRISES LTD
Statement of financial position
as at 31 May 2023
Cash at bank and in hand
191
4
Creditors: amounts falling due within one year
(660)
(2,400)
Net current liabilities
(469)
(2,396)
Total assets less current liabilities
(89)
724
Creditors: amounts falling due after more than one year
(3,800)
(6,000)
Net liabilities
(3,889)
(5,276)
Called up share capital
1
1
Profit and loss account
(3,890)
(5,277)
Shareholders' funds
(3,889)
(5,276)
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 director acknowledges his 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 12 March 2024 and were signed on its behalf by
BABALOLA, Oluwaseyi Akinwale
Director
Company Registration No. 08517711
OLA COMMERICAL ENTERPRISES LTD
Notes to the Accounts
for the year ended 31 May 2023
OLA COMMERICAL ENTERPRISES LTD is a private company, limited by shares, registered in England and Wales, registration number 08517711. The registered office is FLAT 62 81, HANOVER PARK, LONDON, SE15 5HE.
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.
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:
Plant & machinery
25% Straight line
Motor vehicles
25% Straight line
Fixtures & fittings
25% Straight line
Computer equipment
25% Straight line
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2022
2,450
13,700
565
16,715
At 31 May 2023
2,450
13,700
565
16,715
At 1 June 2022
2,450
10,580
565
13,595
Charge for the year
-
2,740
-
2,740
At 31 May 2023
2,450
13,320
565
16,335
At 31 May 2023
-
380
-
380
At 31 May 2022
-
3,120
-
3,120
5
Creditors: amounts falling due within one year
2023
2022
OLA COMMERICAL ENTERPRISES LTD
Notes to the Accounts
for the year ended 31 May 2023
6
Creditors: amounts falling due after more than one year
2023
2022
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).