Company Registration No. 4420134 (England and Wales)
OLC (Europe) Limited
Unaudited accounts
for the year ended 31 March 2024
OLC (Europe) Limited
Unaudited accounts
Contents
OLC (Europe) Limited
Company Information
for the year ended 31 March 2024
Company Number
4420134 (England and Wales)
Registered Office
66 Castle Street
Bolton
BL2 1AE
Accountants
CMS Accountants
61A Bryn Street, Ashton-in-Makerfield
Wigan
WN4 9AX
OLC (Europe) Limited
Statement of financial position
as at 31 March 2024
Tangible assets
416,140
423,302
Debtors
1,504,076
1,122,222
Cash at bank and in hand
17,891
17,122
Creditors: amounts falling due within one year
(227,692)
(78,098)
Net current assets
1,294,275
1,061,246
Total assets less current liabilities
1,710,415
1,484,548
Creditors: amounts falling due after more than one year
(118,891)
(145,080)
Net assets
1,591,524
1,339,468
Called up share capital
820,000
820,000
Profit and loss account
771,524
519,468
Shareholders' funds
1,591,524
1,339,468
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 20 December 2024 and were signed on its behalf by
Dr C Bamber
Director
Company Registration No. 4420134
OLC (Europe) Limited
Notes to the Accounts
for the year ended 31 March 2024
OLC (Europe) Limited is a private company, limited by shares, registered in England and Wales, registration number 4420134. The registered office is 66 Castle Street, Bolton, BL2 1AE.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
OLC (Europe) Limited
Notes to the Accounts
for the year ended 31 March 2024
5
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2023
404,104
136,874
124,241
665,219
Additions
-
24,850
12,554
37,404
At 31 March 2024
404,104
161,724
136,795
702,623
At 1 April 2023
129,313
61,784
50,820
241,917
Charge for the year
8,082
14,991
21,493
44,566
At 31 March 2024
137,395
76,775
72,313
286,483
At 31 March 2024
266,709
84,949
64,482
416,140
At 31 March 2023
274,791
75,090
73,421
423,302
Amounts falling due within one year
Accrued income and prepayments
15,331
6,147
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
19,063
33,955
Taxes and social security
97,528
3,354
Other creditors
1,859
7,600
Loans from directors
(10,879)
(48,797)
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Creditors: amounts falling due after more than one year
2024
2023
Bank loans
118,891
145,080
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).