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Registered Number: 08946527
England and Wales

 

 

 


Unaudited Financial Statements

for the year ended 30 September 2024

for

OLEA LONDON LIMITED

Director Olena Oleksandrivna Armour
Registered Number 08946527
Registered Office Sterling House 31/32
High Street
Wellingborough
NN8 4HL
Accountants Berry Kearsley Stockwell Ltd
Sterling House, 31-32 High Street, Wellingborough, Northants, NN8 4HL, United Kingdom
2
 
 
Notes
 
2024
£
  2023
£
Fixed assets
Intangible fixed assets 2  
Tangible fixed assets 3  
 
Current assets
Inventories 4 6,450    8,500 
Debtors 5 253    586 
Cash at bank and in hand 817    385 
7,520    9,471 
Creditors: amount falling due within one year 6 (88,299)   (88,197)
Net current assets/(liabilities) (80,779)   (78,726)
 
Total assets less current liabilities (80,779)   (78,726)
Net assets/(liabilities) (80,779)   (78,726)
 

Capital and reserves
Called up share capital 10    10 
Profit and loss account (80,789)   (78,736)
Shareholders fund (80,779)   (78,726)
 
For the year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The directors have elected not to include the profit and loss account within the financial statements.
Signed on behalf of the board of directors:


----------------------------------
Olena Oleksandrivna Armour
Director

Date approved: 20 June 2025
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Statutory Information
OLEA LONDON LIMITED is a private limited company, limited by shares, domiciled in England and Wales, registration number 08946527, registration address Sterling House 31/32, High Street, Wellingborough, NN8 4HL, England.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The accounts have been prepared under the historical cost convention and in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Office Equipment33% Straight Line
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
2.

Intangible fixed assets

Cost or Valuation   Goodwill   Total
    £   £
At 01 October 2023   153,000    153,000 
Additions    
At 30 September 2024   153,000    153,000 
Amortisation
At 01 October 2023   153,000    153,000 
Charge for year    
At 30 September 2024   153,000    153,000 
Net book values
At 30 September 2024    
At 30 September 2023    

3.

Tangible fixed assets

Cost or Valuation   Office Equipment   Total
    £   £
At 01 October 2023   8,310    8,310 
Additions    
At 30 September 2024   8,310    8,310 
Depreciation
At 01 October 2023   8,310    8,310 
At 30 September 2024   8,310    8,310 
Net book values
Closing balance as at 30 September 2024    
Opening balance as at 01 October 2023    

4.

Inventories

2024
£
  2023
£
Stocks 6,450    8,500 
6,450    8,500 
5.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade debtors 69    290 
VAT 184    296 
253    586 
6.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade creditors 152   
Accrued expenses 792    751 
Business credit card   299 
Directors' current account 87,355    87,147 
88,299    88,197 
7.

Average number of employees

Average number of employees during the year was 0 (2023: 0).
8.

Controlling party

The company is controlled by Ms.Olena Oleksandrivna Armour.
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