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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
Page
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Olsen Engineering Group Ltd Company Information for the year ended 31 March 2025
Director
Piers Olsen
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
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Olsen Engineering Group Ltd Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Intangible assets
28,103 
49,179 
Tangible assets
39,119 
40,859 
Investments
3 
3 
67,225 
90,041 
Current assets
Inventories
82,928 
82,928 
Debtors
- 
122,750 
Cash at bank and in hand
260,657 
124,995 
343,585 
330,673 
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 
Capital and reserves
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
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Olsen Engineering Group Ltd Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
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.
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
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
Other 
Total 
£ 
£ 
£ 
Cost
At 1 April 2024
500 
105,386 
105,886 
At 31 March 2025
500 
105,386 
105,886 
Amortisation
At 1 April 2024
- 
56,707 
56,707 
Charge for the year
- 
21,076 
21,076 
At 31 March 2025
- 
77,783 
77,783 
Net book value
At 31 March 2025
500 
27,603 
28,103 
At 31 March 2024
500 
48,679 
49,179 
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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 
Additions
- 
9,040 
9,040 
At 31 March 2025
145,655 
9,040 
154,695 
Depreciation
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 
Net book value
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 
7
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Amounts due from group undertakings etc.
- 
86,750 
Other debtors
- 
36,000 
- 
122,750 
8
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
VAT
1,000 
2,393 
Amounts owed to group undertakings and other participating interests
- 
140,600 
Taxes and social security
6,370 
3,160 
Other creditors
- 
1,348 
7,370 
147,501 
9
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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