1 April 2023 false No description of principal activity Taxfiler 2024.6 09490557business:PrivateLimitedCompanyLtd2023-04-012024-03-31 094905572023-03-31 094905572023-04-012024-03-31 09490557business:AuditExempt-NoAccountantsReport2023-04-012024-03-31 09490557business:FilletedAccounts2023-04-012024-03-31 094905572024-03-31 09490557business:Director12023-04-012024-03-31 09490557business:Director22023-04-012024-03-31 09490557business:RegisteredOffice2023-04-012024-03-31 094905572023-03-31 09490557core:WithinOneYear2024-03-31 09490557core:WithinOneYear2023-03-31 09490557core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 09490557core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 09490557core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 09490557core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 09490557core:PreviouslyStatedAmount2024-03-31 09490557core:PreviouslyStatedAmount2023-03-31 09490557business:SmallEntities2023-04-012024-03-31 09490557countries:EnglandWales2023-04-012024-03-31 09490557core:Goodwill2023-03-31 09490557core:Goodwill2024-03-31 09490557core:Goodwill2023-04-012024-03-31 094905572022-04-012023-03-31 iso4217:GBP xbrli:pure
Company Registration No. 09490557 (England and Wales)
Olata Fashions Ltd Unaudited accounts for the year ended 31 March 2024
Olata Fashions Ltd Unaudited accounts Contents
Page
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Olata Fashions Ltd Company Information for the year ended 31 March 2024
Directors
Agata Milk Oliver Milk
Company Number
09490557 (England and Wales)
Registered Office
Northwood House The Croft Costessey Norwich Norfolk NR8 5DT England
Accountants
Eastfield Accountants Limited Blofield Business Centre Woodbastwick Road Blofield Heath Norwich Norfolk NR13 4RR
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Olata Fashions Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
13,800 
27,600 
Current assets
Inventories
107,439 
149,434 
Debtors
- 
723 
Cash at bank and in hand
212,593 
251,172 
320,032 
401,329 
Creditors: amounts falling due within one year
(54,449)
(75,673)
Net current assets
265,583 
325,656 
Net assets
279,383 
353,256 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
279,381 
353,254 
Shareholders' funds
279,383 
353,256 
For the year ending 31 March 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 directors acknowledge their 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 of Directors and authorised for issue on 1 August 2024 and were signed on its behalf by
Oliver Milk Director Company Registration No. 09490557
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Olata Fashions Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Olata Fashions Ltd is a private company, limited by shares, registered in England and Wales, registration number 09490557. The registered office is Northwood House, The Croft Costessey, Norwich, Norfolk, NR8 5DT, England.
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.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2023
138,000 
At 31 March 2024
138,000 
Amortisation
At 1 April 2023
110,400 
Charge for the year
13,800 
At 31 March 2024
124,200 
Net book value
At 31 March 2024
13,800 
At 31 March 2023
27,600 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
723 
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Olata Fashions Ltd Notes to the Accounts for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
16,521 
18,152 
Taxes and social security
35,564 
55,605 
Loans from directors
384 
206 
Accruals
1,980 
1,710 
54,449 
75,673 
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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