IRIS Accounts Production v24.2.0.383 07230768 Board of Directors 1.5.23 30.4.24 30.4.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh072307682023-04-30072307682024-04-30072307682023-05-012024-04-30072307682022-04-30072307682022-05-012023-04-30072307682023-04-3007230768ns15:EnglandWales2023-05-012024-04-3007230768ns14:PoundSterling2023-05-012024-04-3007230768ns10:Director12023-05-012024-04-3007230768ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3007230768ns10:SmallEntities2023-05-012024-04-3007230768ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3007230768ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3007230768ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3007230768ns10:AbridgedAccounts2023-05-012024-04-3007230768ns10:Director22023-05-012024-04-3007230768ns10:RegisteredOffice2023-05-012024-04-3007230768ns5:CurrentFinancialInstruments2024-04-3007230768ns5:CurrentFinancialInstruments2023-04-3007230768ns5:ShareCapital2024-04-3007230768ns5:ShareCapital2023-04-3007230768ns5:RetainedEarningsAccumulatedLosses2024-04-3007230768ns5:RetainedEarningsAccumulatedLosses2023-04-3007230768ns5:MotorVehicles2023-05-012024-04-3007230768ns5:ComputerEquipment2023-05-012024-04-30
REGISTERED NUMBER: 07230768 (England and Wales)















Financial Statements for the Year Ended 30 April 2024

for

OLSON APPLICATIONS LIMITED

OLSON APPLICATIONS LIMITED (REGISTERED NUMBER: 07230768)






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 APPLICATIONS LIMITED

Company Information
for the year ended 30 April 2024







DIRECTORS: J M Elder
Mrs C Elder





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





REGISTERED NUMBER: 07230768 (England and Wales)





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

OLSON APPLICATIONS LIMITED (REGISTERED NUMBER: 07230768)

Abridged Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 40,134 418

CURRENT ASSETS
Debtors 93,396 70,434
Cash at bank 156,826 111,874
250,222 182,308
CREDITORS
Amounts falling due within one year 108,933 53,095
NET CURRENT ASSETS 141,289 129,213
TOTAL ASSETS LESS CURRENT
LIABILITIES

181,423

129,631

PROVISIONS FOR LIABILITIES 10,034 105
NET ASSETS 171,389 129,526

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 170,389 128,526
SHAREHOLDERS' FUNDS 171,389 129,526

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 APPLICATIONS LIMITED (REGISTERED NUMBER: 07230768)

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 APPLICATIONS LIMITED (REGISTERED NUMBER: 07230768)

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

1. STATUTORY INFORMATION

Olson Applications Limited 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.
Motor vehicles - 25% on cost
Office equipment - 10% 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 date of transaction. 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.

3. EMPLOYEES AND DIRECTORS

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

OLSON APPLICATIONS LIMITED (REGISTERED NUMBER: 07230768)

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023 9,945
Additions 42,505
At 30 April 2024 52,450
DEPRECIATION
At 1 May 2023 9,527
Charge for year 2,789
At 30 April 2024 12,316
NET BOOK VALUE
At 30 April 2024 40,134
At 30 April 2023 418

5. ULTIMATE CONTROLLING PARTY

The ultimate 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.