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Company Registration No. 13225146 (England and Wales)
OLEK Trans Ltd Unaudited accounts for the year ended 29 February 2024
OLEK Trans Ltd Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
9,795 
15,253 
Current assets
Debtors
35,340 
33,347 
Cash at bank and in hand
11,451 
18,444 
46,791 
51,791 
Creditors: amounts falling due within one year
(123,227)
(93,918)
Net current liabilities
(76,436)
(42,127)
Net liabilities
(66,641)
(26,874)
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
(66,651)
(26,884)
Shareholders' funds
(66,641)
(26,874)
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 November 2024 and were signed on its behalf by
R J Kaminski Director Company Registration No. 13225146
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OLEK Trans Ltd Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
OLEK Trans Ltd is a private company, limited by shares, registered in England and Wales, registration number 13225146. The registered office is Unit C, Jury Lane, Sidlesham, PO20 7PX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% straight line
Motor vehicles
25% straight line
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2023
7,356 
14,475 
21,831 
At 29 February 2024
7,356 
14,475 
21,831 
Depreciation
At 1 March 2023
839 
5,739 
6,578 
Charge for the year
1,839 
3,619 
5,458 
At 29 February 2024
2,678 
9,358 
12,036 
Net book value
At 29 February 2024
4,678 
5,117 
9,795 
At 28 February 2023
6,517 
8,736 
15,253 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
6,151 
6,634 
Trade debtors
29,189 
26,713 
35,340 
33,347 
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OLEK Trans Ltd Notes to the Accounts for the year ended 29 February 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
15,866 
4,981 
Taxes and social security
1,988 
408 
Loans from directors
105,373 
88,529 
123,227 
93,918 
7
Average number of employees
During the year the average number of employees was 4 (2023: 4).
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