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REGISTERED NUMBER: 06929745 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Olly Limited

Olly Limited (Registered number: 06929745)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Olly Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: H A Becket
G P Bellot





REGISTERED OFFICE: 39 Long Acre
London
WC2E 9LG





REGISTERED NUMBER: 06929745 (England and Wales)





ACCOUNTANTS: We`ll Mind Your Own Business LTD
39 Long Acre
London
WC2E 9LG

Olly Limited (Registered number: 06929745)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,405,988 3,435,988
Tangible assets 5 - -
3,405,988 3,435,988

CURRENT ASSETS
Debtors 6 181,304 174,596

CREDITORS
Amounts falling due within one year 7 369,488 357,843
NET CURRENT LIABILITIES (188,184 ) (183,247 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,217,804

3,252,741

CREDITORS
Amounts falling due after more than
one year

8

86,584

86,192
NET ASSETS 3,131,220 3,166,549

CAPITAL AND RESERVES
Called up share capital 15,895 15,895
Share premium 3,513,326 3,513,326
Retained earnings (398,001 ) (362,672 )
SHAREHOLDERS' FUNDS 3,131,220 3,166,549

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

Olly Limited (Registered number: 06929745)

Balance Sheet - continued
31 January 2024


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

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 1 November 2024 and were signed on its behalf by:





H A Becket - Director


Olly Limited (Registered number: 06929745)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Olly 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

Intangible assets and amortisation
The costs of production of the intangible assets in the television programmes of Olly the Little White Van have been capitalised, together with the associated development and launch costs of the Olly brand.

Amortisation commenced from the time that Olly has first been broadcast. Amortisation is provided over the useful life of these intangible assets, i.e. the period over which the entity expects to derive economic benefit from them. This has been calculated on an income forecast method which will be reviewed annually.

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 - 33% on cost

Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. Where amounts are payable within one year, they are measured at the undiscounted amount payable.

Olly Limited (Registered number: 06929745)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Developme
costs
£   
COST
At 1 February 2023
and 31 January 2024 3,777,884
AMORTISATION
At 1 February 2023 341,896
Amortisation for year 30,000
At 31 January 2024 371,896
NET BOOK VALUE
At 31 January 2024 3,405,988
At 31 January 2023 3,435,988

5. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 February 2023
and 31 January 2024 29,108 8,302 37,410
DEPRECIATION
At 1 February 2023
and 31 January 2024 29,108 8,302 37,410
NET BOOK VALUE
At 31 January 2024 - - -
At 31 January 2023 - - -

Olly Limited (Registered number: 06929745)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 117,615 113,433
Other debtors 17,592 17,592
Prepayments and accrued income 46,097 43,571
181,304 174,596

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 4,708 4,708
Trade creditors 280,611 271,336
Social security and other taxes 1,749 1,749
VAT 2,804 2,557
Other creditors 65,001 68,138
Directors' loan accounts 11,415 6,955
Accrued expenses 3,200 2,400
369,488 357,843

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.1.24 31.1.23
£    £   
Other loans - 2-5 years 86,584 86,192