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Company Registration No. 11028707 (England and Wales)
Ologia Ltd Filleted accounts for the year ended 31 October 2023
Ologia Ltd Filleted accounts Contents
Page
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Ologia Ltd Company Information for the year ended 31 October 2023
Director
Emil Refaat Adib Youssef
Company Number
11028707 (England and Wales)
Registered Office
29 Layburn Crescent Colnbrook Slough SL3 8QL
Accountants
YP Finance Hawthorne House 17A Hawthorne Drive Leicester Leicestershire LE5 6DL
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Ologia Ltd Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Debtors
168,907 
45,581 
Cash at bank and in hand
1,478 
14,545 
170,385 
60,126 
Creditors: amounts falling due within one year
(180,984)
(66,707)
Net current liabilities
(10,599)
(6,581)
Total assets less current liabilities
(10,599)
(6,581)
Creditors: amounts falling due after more than one year
(7,209)
(10,443)
Net liabilities
(17,808)
(17,024)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(17,908)
(17,124)
Shareholders' funds
(17,808)
(17,024)
For the year ending 31 October 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 31 July 2024 and were signed on its behalf by
Emil Refaat Adib Youssef Director Company Registration No. 11028707
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Ologia Ltd Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
Ologia Ltd is a private company, limited by shares, registered in England and Wales, registration number 11028707. The registered office is 29 Layburn Crescent, Colnbrook, Slough, SL3 8QL.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
107 
- 
Trade debtors
168,800 
45,581 
168,907 
45,581 
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Ologia Ltd Notes to the Accounts for the year ended 31 October 2023
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
- 
3,995 
Trade creditors
135,311 
30,518 
Other creditors
44,769 
31,431 
Accruals
904 
763 
180,984 
66,707 
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
7,209 
10,443 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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