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REGISTERED NUMBER: 11284668 (England and Wales)















Financial Statements for the Year Ended 30 April 2024

for

OLSON MEDITATION AND MINDFULNESS APPS
LTD

OLSON MEDITATION AND MINDFULNESS APPS
LTD (REGISTERED NUMBER: 11284668)






Contents of the Financial Statements
for the year ended 30 April 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


OLSON MEDITATION AND MINDFULNESS APPS
LTD

Company Information
for the year ended 30 April 2024







DIRECTORS: J M Elder
Mrs C Elder





REGISTERED OFFICE: First Floor
85 Great Portland Street
London
W1W 7LT





REGISTERED NUMBER: 11284668 (England and Wales)





ACCOUNTANTS: King Hope
Chartered Accountants
31-33 Victoria Road
Darlington
Co. Durham
DL1 5SB

OLSON MEDITATION AND MINDFULNESS APPS
LTD (REGISTERED NUMBER: 11284668)

Abridged Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,873 3,332

CURRENT ASSETS
Debtors 45,221 47,124
Cash at bank 130,480 143,719
175,701 190,843
CREDITORS
Amounts falling due within one year 66,844 79,428
NET CURRENT ASSETS 108,857 111,415
TOTAL ASSETS LESS CURRENT
LIABILITIES

116,730

114,747

PROVISIONS FOR LIABILITIES 1,968 833
NET ASSETS 114,762 113,914

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 114,662 113,814
SHAREHOLDERS' FUNDS 114,762 113,914

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

OLSON MEDITATION AND MINDFULNESS APPS
LTD (REGISTERED NUMBER: 11284668)

Abridged Balance Sheet - continued
30 April 2024


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2024 and were signed on its behalf by:





J M Elder - Director


OLSON MEDITATION AND MINDFULNESS APPS
LTD (REGISTERED NUMBER: 11284668)

Notes to the Financial Statements
for the year ended 30 April 2024

1. STATUTORY INFORMATION

Olson Meditation and Mindfulness Apps Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the month end in which the transaction occurs. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

OLSON MEDITATION AND MINDFULNESS APPS
LTD (REGISTERED NUMBER: 11284668)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023 5,748
Additions 5,905
At 30 April 2024 11,653
DEPRECIATION
At 1 May 2023 2,416
Charge for year 1,364
At 30 April 2024 3,780
NET BOOK VALUE
At 30 April 2024 7,873
At 30 April 2023 3,332

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 30 April 2024 and the period ended 30 April 2023:

2024 2023
£    £   
J M Elder and Mrs C Elder
Balance outstanding at start of year - -
Amounts advanced 1,643 -
Amounts repaid (1,476 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 167 -

Loan is interest free.

6. ULTIMATE CONTROLLING PARTY

The controlling party is Zoetrope Holdings Limited.

The company is a wholly owned subsidiary of Zoetrope Holdings Limited. Its registered office is 2 Valley Drive, Yarm, Stockton on Tees.