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Company Registration No. 13886387 (England and Wales)
Olastri Limited Unaudited accounts for the year ended 30 April 2024
Olastri Limited Unaudited accounts Contents
Page
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Olastri Limited Company Information for the year ended 30 April 2024
Directors
Nicholas Stewart Richard Owen Matthew Ormerod Nicholas Richard Duncan Owen
Company Number
13886387 (England and Wales)
Registered Office
Suite 11-13 New Lodge Business Centre South Boundary Road, Knowsley Industrial Liverpool England L33 7SF
Accountants
Aspire Accounting & Financial Management Ltd WITTS END THORNCROFT DRIVE BARNSTON WIRRAL CH61 1AG
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Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Olastri Limited for the year ended 30 April 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Olastri Limited for the year ended 30 April 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
This report is made solely to the Board of Directors of Olastri Limited, as a body, in accordance with the terms of our engagement letter dated 1 August 2022. Our work has been undertaken solely to prepare for your approval the accounts of Olastri Limited and state those matters that we have agreed to state to the Board of Directors of Olastri Limited, as a body, in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Olastri Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Olastri 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 profit of Olastri Limited. You consider that Olastri 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 Olastri 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.
Aspire Accounting & Financial Management Ltd Member in Practice WITTS END THORNCROFT DRIVE BARNSTON WIRRAL CH61 1AG 31 July 2024
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Olastri Limited Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
615,810 
615,810 
Current assets
Debtors
100 
301,100 
Cash at bank and in hand
1,000 
- 
1,100 
301,100 
Creditors: amounts falling due within one year
(14,319)
(615,810)
Net current liabilities
(13,219)
(314,710)
Net assets
602,591 
301,100 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
602,491 
301,000 
Shareholders' funds
602,591 
301,100 
For the year ending 30 April 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 14 August 2024 and were signed on its behalf by
Nicholas Stewart Richard Owen Director Company Registration No. 13886387
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Olastri Limited Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Olastri Limited is a private company, limited by shares, registered in England and Wales, registration number 13886387. The registered office is Suite 11-13 New Lodge Business Centre, South Boundary Road, Knowsley Industrial, Liverpool, England, L33 7SF.
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.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 May 2023
615,810 
At 30 April 2024
615,810 
Amortisation
At 1 May 2023
- 
At 30 April 2024
- 
Net book value
At 30 April 2024
615,810 
At 30 April 2023
615,810 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
100 
301,100 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Other creditors
14,319 
615,810 
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Olastri Limited Notes to the Accounts for the year ended 30 April 2024
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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