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Company Registration No. 12600276 (England and Wales)
OLAS GROUP LTD Unaudited accounts for the year ended 31 May 2024
OLAS GROUP LTD Unaudited accounts Contents
Page
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OLAS GROUP LTD Company Information for the year ended 31 May 2024
Director
A Johnston
Company Number
12600276 (England and Wales)
Registered Office
5B Chapel Street Petersfield GU32 3DT
Accountants
Newnham & Son Ltd School Master's House 39 College Street Petersfield Hampshire GU31 4AG
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OLAS GROUP LTD Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
15,000 
- 
Current assets
Cash at bank and in hand
6,374 
205 
Creditors: amounts falling due within one year
(65,751)
(23,988)
Net current liabilities
(59,377)
(23,783)
Net liabilities
(44,377)
(23,783)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(44,378)
(23,784)
Shareholders' funds
(44,377)
(23,783)
For the year ending 31 May 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 28 February 2025 and were signed on its behalf by
A Johnston Director Company Registration No. 12600276
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OLAS GROUP LTD Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
OLAS GROUP LTD is a private company, limited by shares, registered in England and Wales, registration number 12600276. The registered office is 5B Chapel Street, Petersfield, GU32 3DT.
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:
Plant & machinery
25% Reducing balance
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 June 2023
- 
Additions
20,000 
At 31 May 2024
20,000 
Depreciation
Charge for the year
5,000 
At 31 May 2024
5,000 
Net book value
At 31 May 2024
15,000 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Other creditors
65,271 
23,388 
Accruals
480 
600 
65,751 
23,988 
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OLAS GROUP LTD Notes to the Accounts for the year ended 31 May 2024
6
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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