Olvossa Limited 08644817 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is Online sales of equestrian supplies Digita Accounts Production Advanced 6.30.9574.0 true 08644817 2023-04-01 2024-03-31 08644817 2024-03-31 08644817 core:RetainedEarningsAccumulatedLosses 2024-03-31 08644817 core:ShareCapital 2024-03-31 08644817 core:CurrentFinancialInstruments 2024-03-31 08644817 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 08644817 core:MotorVehicles 2024-03-31 08644817 core:OtherPropertyPlantEquipment 2024-03-31 08644817 bus:SmallEntities 2023-04-01 2024-03-31 08644817 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 08644817 bus:FullAccounts 2023-04-01 2024-03-31 08644817 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08644817 bus:Director1 2023-04-01 2024-03-31 08644817 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08644817 core:MotorVehicles 2023-04-01 2024-03-31 08644817 core:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 08644817 core:PlantMachinery 2023-04-01 2024-03-31 08644817 countries:AllCountries 2023-04-01 2024-03-31 08644817 2023-03-31 08644817 core:MotorVehicles 2023-03-31 08644817 core:OtherPropertyPlantEquipment 2023-03-31 08644817 2022-04-01 2023-03-31 08644817 2023-03-31 08644817 core:RetainedEarningsAccumulatedLosses 2023-03-31 08644817 core:ShareCapital 2023-03-31 08644817 core:CurrentFinancialInstruments 2023-03-31 08644817 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 08644817 core:MotorVehicles 2023-03-31 08644817 core:OtherPropertyPlantEquipment 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 08644817

Olvossa Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024

 

Olvossa Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 4

 

Olvossa Limited

(Registration number: 08644817)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

3

26,454

31,314

Current assets

 

Stocks

37,000

45,000

Debtors

4

14,661

18,449

Cash at bank and in hand

 

269

2,284

 

51,930

65,733

Creditors: Amounts falling due within one year

5

(72,810)

(75,571)

Net current liabilities

 

(20,880)

(9,838)

Total assets less current liabilities

 

5,574

21,476

Provisions for liabilities

(794)

(794)

Net assets

 

4,780

20,682

Capital and reserves

 

Called up share capital

1

1

Retained earnings

4,779

20,681

Shareholders' funds

 

4,780

20,682

 

Olvossa Limited

(Registration number: 08644817)
Balance Sheet as at 31 March 2024

For the financial 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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 3 December 2024
 

.........................................
Miss H Jones
Director

 

Olvossa Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

Revenue recognition

Turnover represents net invoiced sales of goods, excluding value added tax.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

25% reducing balance

Plant and machinery

15% reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

2

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Olvossa Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

3

Tangible assets

Motor vehicles
 £

Plant and machinery
£

Total
£

Cost or valuation

At 1 April 2023

7,875

49,579

57,454

At 31 March 2024

7,875

49,579

57,454

Depreciation

At 1 April 2023

6,240

19,900

26,140

Charge for the year

409

4,451

4,860

At 31 March 2024

6,649

24,351

31,000

Carrying amount

At 31 March 2024

1,226

25,228

26,454

At 31 March 2023

1,635

29,679

31,314

4

Debtors

Current

2024
£

2023
£

Other debtors

14,661

18,449

 

14,661

18,449

5

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Bank loans and overdrafts

565

-

Trade creditors

 

18,852

7,694

Other creditors

 

53,393

67,877

 

72,810

75,571

2024
£

2023
£

Current loans and borrowings

Bank overdrafts

565

-