Company Registration No. 08934539 (England and Wales)
Olsen Engineering Group Ltd
Unaudited accounts
for the year ended 31 March 2025
Olsen Engineering Group Ltd
Unaudited accounts
Contents
Olsen Engineering Group Ltd
Company Information
for the year ended 31 March 2025
Company Number
08934539 (England and Wales)
Registered Office
Daresbury Sci-Tech The Innovation Centre
Keckwick Lane
Daresbury
Cheshire
WA4 4FS
United Kingdom
Accountants
Townley & Co Limited
Warrington Business Centre
67 Bewsey Street
Warrington
WA2 7JQ
Olsen Engineering Group Ltd
Statement of financial position
as at 31 March 2025
Intangible assets
28,103
49,179
Tangible assets
39,119
40,859
Cash at bank and in hand
260,657
124,995
Creditors: amounts falling due within one year
(7,370)
(147,501)
Net current assets
336,215
183,172
Total assets less current liabilities
403,440
273,213
Provisions for liabilities
Deferred tax
(7,432)
(7,763)
Net assets
396,008
265,450
Called up share capital
1
1
Profit and loss account
396,007
265,449
Shareholders' funds
396,008
265,450
For the year ending 31 March 2025 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 2 July 2025 and were signed on its behalf by
Piers Olsen
Director
Company Registration No. 08934539
Olsen Engineering Group Ltd
Notes to the Accounts
for the year ended 31 March 2025
Olsen Engineering Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 08934539. The registered office is Daresbury Sci-Tech The Innovation Centre, Keckwick Lane, Daresbury, Cheshire, WA4 4FS, United Kingdom.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
Other
Total
At 1 April 2024
500
105,386
105,886
At 31 March 2025
500
105,386
105,886
At 1 April 2024
-
56,707
56,707
Charge for the year
-
21,076
21,076
At 31 March 2025
-
77,783
77,783
At 31 March 2025
500
27,603
28,103
At 31 March 2024
500
48,679
49,179
Olsen Engineering Group Ltd
Notes to the Accounts
for the year ended 31 March 2025
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2024
145,655
-
145,655
At 31 March 2025
145,655
9,040
154,695
At 1 April 2024
104,796
-
104,796
Charge for the year
10,215
565
10,780
At 31 March 2025
115,011
565
115,576
At 31 March 2025
30,644
8,475
39,119
At 31 March 2024
40,859
-
40,859
6
Investments
Other investments
Valuation at 1 April 2024
3
Valuation at 31 March 2025
3
Amounts falling due within one year
Amounts due from group undertakings etc.
-
86,750
8
Creditors: amounts falling due within one year
2025
2024
Amounts owed to group undertakings and other participating interests
-
140,600
Taxes and social security
6,370
3,160
9
Average number of employees
During the year the average number of employees was 1 (2024: 1).