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Company Registration No. 8708525 (England and Wales)
OLC College Limited Unaudited accounts for the year ended 31 March 2024
OLC College Limited Unaudited accounts Contents
Page
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OLC College Limited Company Information for the year ended 31 March 2024
Director
C Bamber
Company Number
8708525 (England and Wales)
Registered Office
Old County Police Station Castle Street Bolton BL2 1AE
Accountants
CMS Accountants 61A Bryn Street, Ashton-in-Makerfield Wigan WN4 9AX
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OLC College Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Inventories
970,175 
1,020,175 
Debtors
230,144 
352,844 
Cash at bank and in hand
346,715 
69,281 
1,547,034 
1,442,300 
Creditors: amounts falling due within one year
(1,361,604)
(1,126,271)
Net current assets
185,430 
316,029 
Total assets less current liabilities
185,430 
316,029 
Creditors: amounts falling due after more than one year
(10,000)
(10,000)
Net assets
175,430 
306,029 
Capital and reserves
Profit and loss account
175,430 
306,029 
Shareholders' funds
175,430 
306,029 
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
C Bamber Director Company Registration No. 8708525
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OLC College Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
OLC College Limited is a private company, limited by shares, registered in England and Wales, registration number 8708525. The registered office is Old County Police Station, 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:
Computer equipment
15%
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 April 2023
1,089 
At 31 March 2024
1,089 
Depreciation
At 1 April 2023
1,089 
At 31 March 2024
1,089 
Net book value
At 31 March 2024
- 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
230,144 
352,844 
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OLC College 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
12,094 
22,094 
Trade creditors
12,869 
1,082,590 
Taxes and social security
27,174 
21,587 
Other creditors
1,309,467 
- 
1,361,604 
1,126,271 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
10,000 
10,000 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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