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REGISTERED NUMBER: 12113276 (England and Wales)















Financial Statements for the Year Ended 31 July 2023

for

OLAF SERVICES LIMITED

OLAF SERVICES LIMITED (Registered number: 12113276)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


OLAF SERVICES LIMITED

Company Information
for the Year Ended 31 July 2023







DIRECTOR: Mr J M P Shasha





REGISTERED OFFICE: Flat 1
8 Brechin Place
London
SW7 4QA





REGISTERED NUMBER: 12113276 (England and Wales)





ACCOUNTANTS: McDONNELL&CO
Chartered Certified Accountants
5 Bede House
Saxon Close
Surbiton
Surrey
KT6 6BP

OLAF SERVICES LIMITED (Registered number: 12113276)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,224 3,513

CURRENT ASSETS
Debtors 5 85,076 -
Cash at bank and in hand 360 122,772
85,436 122,772
CREDITORS
Amounts falling due within one year 6 1,251 33,029
NET CURRENT ASSETS 84,185 89,743
TOTAL ASSETS LESS CURRENT
LIABILITIES

87,409

93,256

PROVISIONS FOR LIABILITIES - 668
NET ASSETS 87,409 92,588

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 87,408 92,587
87,409 92,588

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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.

The financial statements were approved by the director and authorised for issue on 15 April 2024 and were signed by:




Mr J M P Shasha - Director


OLAF SERVICES LIMITED (Registered number: 12113276)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

OLAF SERVICES LIMITED is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 33% on cost
Fixtures and fittings - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 1 ).

OLAF SERVICES LIMITED (Registered number: 12113276)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 August 2022 4,172 3,433 7,605
Additions 1,300 - 1,300
At 31 July 2023 5,472 3,433 8,905
DEPRECIATION
At 1 August 2022 2,781 1,311 4,092
Charge for year 1,130 459 1,589
At 31 July 2023 3,911 1,770 5,681
NET BOOK VALUE
At 31 July 2023 1,561 1,663 3,224
At 31 July 2022 1,391 2,122 3,513

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Other debtors 85,076 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Taxation and social security - 22,235
Other creditors 1,251 10,794
1,251 33,029