Registered number
01000501
BERNARD OLESINSKI LIMITED
Filleted Accounts
31 January 2024
BERNARD OLESINSKI LIMITED
Registered number: 01000501
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 203,968 66,824
Current assets
Debtors 4 501,966 777,724
Cash at bank and in hand 273,002 130,852
774,968 908,576
Creditors: amounts falling due within one year 5 (140,883) (157,541)
Net current assets 634,085 751,035
Net assets 838,053 817,859
Capital and reserves
Called up share capital 3 3
Profit and loss account 838,050 817,856
Shareholders' funds 838,053 817,859
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr J J Olesinski
Director
Approved by the board on 7 October 2024
BERNARD OLESINSKI LIMITED
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 15% x written down value
Computers over 3 years
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 29 29
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 February 2023 955,038 376,819 - 1,331,857
Additions - - 183,098 183,098
At 31 January 2024 955,038 376,819 183,098 1,514,955
Depreciation
At 1 February 2023 955,038 309,995 - 1,265,033
Charge for the year - 18,489 27,465 45,954
At 31 January 2024 955,038 328,484 27,465 1,310,987
Net book value
At 31 January 2024 - 48,335 155,633 203,968
At 31 January 2023 - 66,824 - 66,824
4 Debtors 2024 2023
£ £
Trade debtors 326,716 560,184
Other debtors 175,250 217,540
501,966 777,724
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 58,513 37,009
Corporation Tax 16,248 -
Taxation and social security costs 58,599 111,855
Other creditors 7,523 8,677
140,883 157,541
6 Other information
BERNARD OLESINSKI LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
16 Quay Street
Newport
Isle of Wight
PO30 5BG
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