Company Registration No. 08336086 (England and Wales)
OLIVE INTEGRATED SYSTEMS LIMITED
Unaudited accounts
for the year ended 31 December 2023
OLIVE INTEGRATED SYSTEMS LIMITED
Company Information
for the year ended 31 December 2023
Director
Olumide Olubunmi Abiona
Company Number
08336086 (England and Wales)
Registered Office
13 Plantation Road
Erith
Kent
DA8 2JB
Accountants
AL Accounting Solutions Limited
Chartered Certified Accountants
21A Brighton Road
South Croydon
Croydon
CR2 6EA
OLIVE INTEGRATED SYSTEMS LIMITED
Accountants' report
Accountants' report to the director of OLIVE INTEGRATED SYSTEMS LIMITED on the preparation of the unaudited statutory accounts for the year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
OLIVE INTEGRATED SYSTEMS LIMITED for the year ended
31 December 2023 as set out on pages
4 -
6 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of OLIVE INTEGRATED SYSTEMS LIMITED, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of OLIVE INTEGRATED SYSTEMS LIMITED and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than OLIVE INTEGRATED SYSTEMS LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that OLIVE INTEGRATED SYSTEMS LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of OLIVE INTEGRATED SYSTEMS LIMITED. You consider that OLIVE INTEGRATED SYSTEMS LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of OLIVE INTEGRATED SYSTEMS LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
AL Accounting Solutions Limited
Chartered Certified Accountants
21A Brighton Road
South Croydon
Croydon
CR2 6EA
19 March 2024
OLIVE INTEGRATED SYSTEMS LIMITED
Statement of financial position
as at 31 December 2023
Tangible assets
2,206
2,690
Cash at bank and in hand
19
104
Creditors: amounts falling due within one year
(216)
(210)
Net current assets
27,685
38,951
Total assets less current liabilities
29,891
41,641
Creditors: amounts falling due after more than one year
(30,676)
(41,624)
Net (liabilities)/assets
(785)
17
Called up share capital
10
10
Profit and loss account
(795)
7
Shareholders' funds
(785)
17
For the year ending 31 December 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 19 March 2024 and were signed on its behalf by
Olumide Olubunmi Abiona
Director
Company Registration No. 08336086
OLIVE INTEGRATED SYSTEMS LIMITED
Notes to the Accounts
for the year ended 31 December 2023
OLIVE INTEGRATED SYSTEMS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08336086. The registered office is 13 Plantation Road, Erith, Kent, DA8 2JB.
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:
4
Tangible fixed assets
Plant & machinery
Amounts falling due within one year
Other debtors
27,882
39,057
OLIVE INTEGRATED SYSTEMS LIMITED
Notes to the Accounts
for the year ended 31 December 2023
6
Creditors: amounts falling due within one year
2023
2022
7
Creditors: amounts falling due after more than one year
2023
2022
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Interest free loan
39,057
27,882
39,057
27,882
39,057
27,882
39,057
27,882
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).