Registered number
06383545
OLICANA UK LIMITED
Filleted Accounts
30 November 2023
OLICANA UK LIMITED
Registered number: 06383545
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 106,677 107,219
Current assets
Debtors 4 1,367 304
Cash at bank and in hand 2,250 397
3,617 701
Creditors: amounts falling due within one year 5 (68,771) (53,671)
Net current liabilities (65,154) (52,970)
Total assets less current liabilities 41,523 54,249
Creditors: amounts falling due after more than one year 6 (22,197) (39,874)
Net assets 19,326 14,375
Capital and reserves
Called up share capital 100 100
Profit and loss account 19,226 14,275
Shareholders' funds 19,326 14,375
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr R Hodgson
Director
Approved by the board on 30 July 2024
OLICANA UK LIMITED
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures & Fittings 25% reducing balance
Equipment 33% straight line
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 December 2022 105,050 40,449 145,499
At 30 November 2023 105,050 40,449 145,499
Depreciation
At 1 December 2022 - 38,280 38,280
Charge for the year - 542 542
At 30 November 2023 - 38,822 38,822
Net book value
At 30 November 2023 105,050 1,627 106,677
At 30 November 2022 105,050 2,169 107,219
4 Debtors 2023 2022
£ £
Trade debtors 1,367 304
5 Creditors: amounts falling due within one year 2023 2022
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 64,130 49,700
Taxation and social security costs 1,201 536
Other creditors 3,440 3,435
68,771 53,671
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 22,197 39,874
7 Other information
OLICANA UK LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Unit 4, Drill Hall Business Centre
East Parade
Ilkley
LS29 8EZ
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