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Registration number: 08644817

Olvossa Limited

Unaudited Financial Statements

for the Year Ended 31 March 2023

 

Olvossa Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 6

 

Olvossa Limited

Company Information

Director

Miss H Jones

Registered office

7-9 Macon Court
Crewe
Cheshire
CW1 6EA

Accountants

Alextra Group Limited
Chartered certified accountants
7-9 Macon Court
Crewe
Cheshire
CW1 6EA

 

Olvossa Limited

(Registration number: 08644817)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

3

31,314

37,094

Current assets

 

Stocks

45,000

45,419

Debtors

4

18,449

473

Cash at bank and in hand

 

2,284

2,834

 

65,733

48,726

Creditors: Amounts falling due within one year

5

(75,571)

(62,885)

Net current liabilities

 

(9,838)

(14,159)

Total assets less current liabilities

 

21,476

22,935

Provisions for liabilities

(794)

(794)

Net assets

 

20,682

22,141

Capital and reserves

 

Called up share capital

1

1

Retained earnings

20,681

22,140

Shareholders' funds

 

20,682

22,141

 

Olvossa Limited

(Registration number: 08644817)
Balance Sheet as at 31 March 2023

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

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 13 March 2024
 

.........................................
Miss H Jones
Director

 

Olvossa Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

Revenue recognition

Turnover represents net invoiced sales of goods, excluding value added tax.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

20% reducing balance

Plant and machinery

15% reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

2

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

Olvossa Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

3

Tangible assets

Motor vehicles
 £

Plant and machinery
£

Total
£

Cost or valuation

At 1 April 2022

7,875

49,579

57,454

At 31 March 2023

7,875

49,579

57,454

Depreciation

At 1 April 2022

5,695

14,665

20,360

Charge for the year

545

5,235

5,780

At 31 March 2023

6,240

19,900

26,140

Carrying amount

At 31 March 2023

1,635

29,679

31,314

At 31 March 2022

2,180

34,914

37,094

4

Debtors

Current

2023
£

2022
£

Other debtors

18,449

473

 

18,449

473

 

Olvossa Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

7,694

15,945

Other creditors

67,877

46,940

75,571

62,885