1 March 2023 false Taxfiler 2024.6.1 08386369business:PrivateLimitedCompanyLtd2023-03-012024-02-29 083863692023-02-28 083863692023-03-012024-02-29 08386369business:AuditExempt-NoAccountantsReport2023-03-012024-02-29 08386369business:FilletedAccounts2023-03-012024-02-29 083863692024-02-29 083863692023-02-28 08386369core:WithinOneYear2024-02-29 08386369core:WithinOneYear2023-02-28 08386369core:AfterOneYear2024-02-29 08386369core:AfterOneYear2023-02-28 08386369core:ShareCapitalcore:PreviouslyStatedAmount2024-02-29 08386369core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 08386369core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-02-29 08386369core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 08386369core:PreviouslyStatedAmount2024-02-29 08386369core:PreviouslyStatedAmount2023-02-28 08386369business:SmallEntities2023-03-012024-02-29 08386369business:Director12023-03-012024-02-29 08386369countries:EnglandWales2023-03-012024-02-29 08386369business:RegisteredOffice2023-03-012024-02-29 083863692022-03-012023-02-28 iso4217:GBP xbrli:pure
Company Registration No. 08386369 (England and Wales)
OLUMO ROCK ENTERPRISES (ORE) LIMITED Unaudited management accounts for the year ended 29 February 2024
OLUMO ROCK ENTERPRISES (ORE) LIMITED Unaudited management accounts Contents
Page
- 2 -
OLUMO ROCK ENTERPRISES (ORE) LIMITED Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Inventories
21,544 
15,374 
Cash at bank and in hand
770 
1,489 
22,314 
16,863 
Creditors: amounts falling due within one year
(400)
(495)
Net current assets
21,914 
16,368 
Total assets less current liabilities
21,914 
16,368 
Creditors: amounts falling due after more than one year
(43,594)
(35,151)
Net liabilities
(21,680)
(18,783)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(21,780)
(18,883)
Shareholders' funds
(21,680)
(18,783)
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 30 November 2024 and were signed on its behalf by
Dr Nathaniel Akinpelu Williams Director Company Registration No. 08386369
- 3 -
OLUMO ROCK ENTERPRISES (ORE) LIMITED Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
OLUMO ROCK ENTERPRISES (ORE) LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08386369. The registered office is 16 Einstein House, Chalkhill Road, Wembley, Middlesex, HA9 9AZ.
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
These financial statements for the year ended 29 February 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 March 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
4
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Accruals
400 
495 
5
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
25,022 
25,022 
Loans from directors
18,572 
10,129 
43,594 
35,151 
6
Average number of employees
During the year the average number of employees was 1 (2023: 1).
- 4 -