Acorah Software Products - Accounts Production 16.1.300 false true true 28 February 2023 1 March 2022 false 1 March 2023 31 July 2024 31 July 2024 10601665 Mrs S J Richards iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10601665 2023-02-28 10601665 2024-07-31 10601665 2023-03-01 2024-07-31 10601665 frs-core:FurnitureFittings 2024-07-31 10601665 frs-core:FurnitureFittings 2023-03-01 2024-07-31 10601665 frs-core:FurnitureFittings 2023-02-28 10601665 frs-core:PlantMachinery 2024-07-31 10601665 frs-core:PlantMachinery 2023-03-01 2024-07-31 10601665 frs-core:PlantMachinery 2023-02-28 10601665 frs-core:ShareCapital 2024-07-31 10601665 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 10601665 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-07-31 10601665 frs-bus:FilletedAccounts 2023-03-01 2024-07-31 10601665 frs-bus:SmallEntities 2023-03-01 2024-07-31 10601665 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-07-31 10601665 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-07-31 10601665 frs-bus:Director1 2023-03-01 2024-07-31 10601665 frs-countries:EnglandWales 2023-03-01 2024-07-31 10601665 2022-02-28 10601665 2023-02-28 10601665 2022-03-01 2023-02-28 10601665 frs-core:ShareCapital 2023-02-28 10601665 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 10601665
Olive Road London Ltd
Unaudited Financial Statements
For the Period 1 March 2023 to 31 July 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 10601665
31 July 2024 28 February 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 1,213
- 1,213
CURRENT ASSETS
Stocks 5 - 1,740
Cash at bank and in hand 11 1,388
11 3,128
Creditors: Amounts Falling Due Within One Year 6 (20,952 ) (21,139 )
NET CURRENT ASSETS (LIABILITIES) (20,941 ) (18,011 )
TOTAL ASSETS LESS CURRENT LIABILITIES (20,941 ) (16,798 )
NET LIABILITIES (20,941 ) (16,798 )
CAPITAL AND RESERVES
Called up share capital 10 10
Income Statement (20,951 ) (16,808 )
SHAREHOLDERS' FUNDS (20,941) (16,798)
Page 1
Page 2
For the period ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mrs S J Richards
Director
07/02/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Olive Road London Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10601665 . The registered office is 15 Albany Works Gunmakers Lane, London, E3 5SB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The Director ceased trading on 31 July 2024; therefore, the financial statements have been prepared on a break-up basis rather than a going concern basis. No adjustments were required to the carrying amounts of the remaining net assets included in these financial statements.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable and net of discounts. Turnover includes revenue earned from the sale of goods and services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Turnover from the services represents rental income.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 10% straight line
Fixtures & Fittings 10% straight line
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Reporting period
The director has opted to extend the accounting period due to the company ceasing trading on 31 July 2024. The accounts for the period ended 31 July 2024 cover 17 months and are, therefore, not directly comparable with the prior year.
3. Average Number of Employees
Average number of employees, including directors, during the period was: NIL (2023: NIL)
- -
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Page 4
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 March 2023 2,028 398 2,426
Disposals (2,028 ) (398 ) (2,426 )
As at 31 July 2024 - - -
Depreciation
As at 1 March 2023 1,014 199 1,213
Provided during the period 287 56 343
Disposals (1,301 ) (255 ) (1,556 )
As at 31 July 2024 - - -
Net Book Value
As at 31 July 2024 - - -
As at 1 March 2023 1,014 199 1,213
5. Stocks
31 July 2024 28 February 2023
£ £
Finished goods - 1,740
6. Creditors: Amounts Falling Due Within One Year
31 July 2024 28 February 2023
£ £
Other creditors 20,952 21,139
Page 4