1 April 2023 false No description of principal activity Taxfiler 2024.6 11279620business:PrivateLimitedCompanyLtd2023-04-012024-03-31 112796202023-03-31 112796202023-04-012024-03-31 11279620business:AuditExempt-NoAccountantsReport2023-04-012024-03-31 11279620business:FilletedAccounts2023-04-012024-03-31 112796202024-03-31 11279620business:Director12023-04-012024-03-31 11279620business:RegisteredOffice2023-04-012024-03-31 112796202023-03-31 11279620core:WithinOneYear2024-03-31 11279620core:WithinOneYear2023-03-31 11279620core:AfterOneYear2024-03-31 11279620core:AfterOneYear2023-03-31 11279620core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 11279620core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 11279620core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 11279620core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 11279620core:PreviouslyStatedAmount2024-03-31 11279620core:PreviouslyStatedAmount2023-03-31 11279620business:SmallEntities2023-04-012024-03-31 11279620countries:EnglandWales2023-04-012024-03-31 11279620core:MotorVehicles2023-04-012024-03-31 11279620core:MotorVehicles2023-03-31 11279620core:MotorVehicles2024-03-31 112796202022-04-012023-03-31 iso4217:GBP xbrli:pure
Company Registration No. 11279620 (England and Wales)
Olantek Limited Unaudited accounts for the year ended 31 March 2024
Olantek Limited Unaudited accounts Contents
Page
- 2 -
Olantek Limited Company Information for the year ended 31 March 2024
Director
Sunny Sobogun
Company Number
11279620 (England and Wales)
Registered Office
59 Truro Road Gravesend London DA12 5RA United Kingdom
Accountants
Avinu Consulting Limited 85 Great Portland Street London W1W 7LT
- 3 -
Olantek Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,843 
9,360 
Current assets
Debtors
8,400 
- 
Cash at bank and in hand
57,843 
29,908 
66,243 
29,908 
Creditors: amounts falling due within one year
(38,467)
(12,134)
Net current assets
27,776 
17,774 
Total assets less current liabilities
33,619 
27,134 
Creditors: amounts falling due after more than one year
(13,138)
(15,490)
Net assets
20,481 
11,644 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
20,381 
11,544 
Shareholders' funds
20,481 
11,644 
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 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 23 December 2024 and were signed on its behalf by
Sunny Sobogun Director Company Registration No. 11279620
- 4 -
Olantek Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Olantek Limited is a private company, limited by shares, registered in England and Wales, registration number 11279620. The registered office is 59 Truro Road, Gravesend , London, DA12 5RA, United Kingdom.
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:
Motor vehicles
5 years
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 April 2023
17,584 
At 31 March 2024
17,584 
Depreciation
At 1 April 2023
8,224 
Charge for the year
3,517 
At 31 March 2024
11,741 
Net book value
At 31 March 2024
5,843 
At 31 March 2023
9,360 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due after more than one year
Trade debtors
8,400 
- 
- 5 -
Olantek Limited Notes to the Accounts for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
2,352 
2,353 
Taxes and social security
21,479 
7,627 
Loans from directors
14,636 
1,254 
Accruals
- 
900 
38,467 
12,134 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
13,138 
15,490 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
- 6 -