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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
Page
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OLC (Europe) Limited Company Information for the year ended 31 March 2024
Director
Dr C Bamber
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
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OLC (Europe) Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
416,140 
423,302 
Current assets
Debtors
1,504,076 
1,122,222 
Cash at bank and in hand
17,891 
17,122 
1,521,967 
1,139,344 
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 
Capital and reserves
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
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OLC (Europe) Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
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:
Land & buildings
2%
Fixtures & fittings
15%
Computer equipment
25%
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
2,000 
At 31 March 2024
2,000 
Amortisation
At 1 April 2023
2,000 
At 31 March 2024
2,000 
Net book value
At 31 March 2024
- 
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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 
Depreciation
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 
Net book value
At 31 March 2024
266,709 
84,949 
64,482 
416,140 
At 31 March 2023
274,791 
75,090 
73,421 
423,302 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
1,116,075 
Accrued income and prepayments
15,331 
6,147 
Other debtors
1,488,745 
- 
1,504,076 
1,122,222 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
105,121 
81,986 
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)
Accruals
15,000 
- 
227,692 
78,098 
8
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).
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