Company registration number:
NI629254
OLAM LTD
Unaudited filleted financial statements
29 February 2024
OLAM LTD
Contents
Directors and other information
Accountants report
Statement of financial position and notes to the financial statements
OLAM LTD
Directors and other information
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Directors |
Mr Owen Lamont |
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Company number |
NI629254 |
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Registered office |
40 Rathlin Road |
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Ballycastle |
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BT54 6AQ |
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Business address |
40 Rathlin Road |
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Ballycastle |
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BT54 6AQ |
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Accountants |
Corr & Corr |
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2nd Floor |
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The Cornmill |
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Coalisland |
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Co Tyrone |
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BT71 4LP |
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OLAM LTD
Report to the board of directors on the preparation of the
unaudited statutory financial statements of OLAM LTD
Period ended 29 February 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of OLAM LTD for the period ended 29 February 2024 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of Chartered Accountants Ireland , we are subject to its ethical and other professional requirements which are detailed at www.charteredaccountants.ie.
This report is made solely to the board of directors of OLAM LTD, as a body, in accordance with the terms of our engagement letter dated 1 March 2024. Our work has been undertaken solely to prepare for your approval the financial statements of OLAM LTD and state those matters that we have agreed to state to the board of directors of OLAM LTD as a body, in this report in accordance with the requirements of Chartered Accountants Ireland as detailed at www.charteredaccountants.ie. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than OLAM LTD and its board of directors as a body for our work or for this report.
It is your duty to ensure that OLAM LTD has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of OLAM LTD. You consider that OLAM LTD is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the financial statements of OLAM LTD. 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 financial statements.
Corr & Corr
Chartered Accountants
2nd Floor
The Cornmill
Coalisland
Co Tyrone
BT71 4LP
12 August 2024
OLAM LTD
Statement of financial position
29 February 2024
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29/02/24 |
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28/02/23 |
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£ |
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£ |
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Current assets |
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10,159 |
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19,444 |
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Creditors: amounts falling due within one year |
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(
37,261) |
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42,534) |
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_______ |
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_______ |
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Net current liabilities |
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(
27,102) |
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(
23,090) |
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_______ |
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_______ |
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Total assets less current liabilities |
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27,102) |
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23,090) |
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Accruals and deferred income |
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(
600) |
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600) |
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_______ |
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Net liabilities |
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(
27,702) |
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(
23,690) |
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Capital and reserves |
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(
27,702) |
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(
23,690) |
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_______ |
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Notes to the financial statements
OLAM LTD
Period ended 29 February 2024
1.
Going concern
The company considers it appropriate to adopt the going concern basis.
For the period ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsiblities:
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The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the
board of directors
and authorised for issue on
12 August 2024
, and are signed on behalf of the board by:
Mr Owen Lamont
Director
Company registration number:
NI629254
The company is a private company limited by shares, registered in Northern Ireland.