Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312022-12-01falseNo description of principal activity2falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 14518671 2022-11-30 14518671 2022-12-01 2023-12-31 14518671 2021-12-01 2022-11-30 14518671 2023-12-31 14518671 c:Director1 2022-12-01 2023-12-31 14518671 c:Director2 2022-12-01 2023-12-31 14518671 d:MotorVehicles 2022-12-01 2023-12-31 14518671 d:MotorVehicles 2023-12-31 14518671 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-12-01 2023-12-31 14518671 d:OfficeEquipment 2022-12-01 2023-12-31 14518671 d:OfficeEquipment 2023-12-31 14518671 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-12-01 2023-12-31 14518671 d:OwnedOrFreeholdAssets 2022-12-01 2023-12-31 14518671 d:CurrentFinancialInstruments 2023-12-31 14518671 d:Non-currentFinancialInstruments 2023-12-31 14518671 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 14518671 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 14518671 d:ShareCapital 2023-12-31 14518671 d:RetainedEarningsAccumulatedLosses 2023-12-31 14518671 c:OrdinaryShareClass1 2022-12-01 2023-12-31 14518671 c:OrdinaryShareClass1 2023-12-31 14518671 c:FRS102 2022-12-01 2023-12-31 14518671 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-12-31 14518671 c:FullAccounts 2022-12-01 2023-12-31 14518671 c:PrivateLimitedCompanyLtd 2022-12-01 2023-12-31 14518671 d:HirePurchaseContracts d:WithinOneYear 2023-12-31 14518671 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-12-31 14518671 d:HirePurchaseContracts d:MoreThanFiveYears 2023-12-31 14518671 e:PoundSterling 2022-12-01 2023-12-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 14518671









OLAYA CONSTRUCTION LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2023

 
OLAYA CONSTRUCTION LIMITED
REGISTERED NUMBER: 14518671

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
Note
£

Fixed assets
  

Tangible assets
  
31,297

  
31,297

Current assets
  

Debtors: amounts falling due within one year
  
3,473

  
3,473

Creditors: amounts falling due within one year
  
(36,518)

Net current (liabilities)/assets
  
 
 
(33,045)

Total assets less current liabilities
  
(1,748)

Creditors: amounts falling due after more than one year
  
(22,144)

  

Net (liabilities)/assets
  
(23,892)


Capital and reserves
  

Called up share capital 
  
150

Profit and loss account
  
(24,042)

  
(23,892)


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 30 August 2024.




Page 1

 
OLAYA CONSTRUCTION LIMITED
REGISTERED NUMBER: 14518671
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

................................................
Sam Hesami
................................................
Matthew Delamere
Director
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
OLAYA CONSTRUCTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.


General information

Olaya Construction Limited is a private company limited by shares, registered in the United Kingdom number 14518671. Its registered office is Manor House, 35 St. Thomas’s Road, Chorley, Lancashire, PR7 1HP. During the period, the principal activity of the company was that of Development of building projects

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
OLAYA CONSTRUCTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
20%
Reducing Balance
Office equipment
-
20%
Straight Line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees




The average monthly number of employees, including directors, during the period was 2.

Page 4

 
OLAYA CONSTRUCTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Motor vehicles
Office equipment
Total

£
£
£



Cost or valuation


Additions
33,495
2,565
36,060



At 31 December 2023

33,495
2,565
36,060



Depreciation


Charge for the period on owned assets
4,638
125
4,763



At 31 December 2023

4,638
125
4,763



Net book value



At 31 December 2023
28,857
2,440
31,297


5.


Debtors

2023
£


Other debtors
3,473

3,473



6.


Creditors: Amounts falling due within one year

2023
£

Bank overdrafts
2,993

Trade creditors
108

Obligations under finance lease and hire purchase contracts
5,566

Other creditors
26,850

Accruals and deferred income
1,001

36,518


Page 5

 
OLAYA CONSTRUCTION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

7.


Creditors: Amounts falling due after more than one year

2023
£

Net obligations under finance leases and hire purchase contracts
22,144

22,144



8.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2023
£


Within one year
5,566

Between 1-5 years
5,566

Over 5 years
16,578

27,710


9.


Share capital

2023
£
Allotted, called up and fully paid


150 Ordinary shares of £1.00 each
150


During the period 150 ordinary shares of £1 each were issued, called up and fully paid to form the capital base of the company.

 
Page 6