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OLCO Design Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 March 2025
Appleby Mall Limited
Contents
Page
Abridged Statement of Financial Position 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Statement of Financial Position
Registered number: 09166778
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 310 372
Tangible Assets 5 19,575 6,934
Investments 6 19,073 -
38,958 7,306
CURRENT ASSETS
Debtors 20,162 41,009
Cash at bank and in hand 135,516 106,515
155,678 147,524
Creditors: Amounts Falling Due Within One Year (70,150 ) (45,408 )
NET CURRENT ASSETS (LIABILITIES) 85,528 102,116
TOTAL ASSETS LESS CURRENT LIABILITIES 124,486 109,422
Creditors: Amounts Falling Due After More Than One Year (2,134 ) (9,158 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 7 (2,193 ) (1,719 )
NET ASSETS 120,159 98,545
CAPITAL AND RESERVES
Called up share capital 9 10 10
Revaluation reserve 10 1,174 -
Income Statement 118,975 98,535
SHAREHOLDERS' FUNDS 120,159 98,545
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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 member has 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.
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.
All of the company's members have consented to the preparation of an Abridged Income Statement and an Abridged Statement of Financial Position for the year end 31 March 2025 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
O J Cox
Director
2 July 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
OLCO Design Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09166778 . The registered office is Bredon House, 321 Tettenhall Road, Wolverhampton, West Midlands, WV6 0JZ.
The presentation currency of the financial statements is Pound Sterling (£).
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. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts, rebates and value added taxes. 
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are patents and licences. It is amortised to income statement over its estimated economic life of ten years.
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:
Fixtures & Fittings 20% reducing balance
Computer Equipment 25% reducing balance
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.6. Government Grant
Government grants are recognised in the income statement in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the income statement. Grants towards general activities of the entity over a specific period are recognised in the income statement over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the income statement over the useful life of the asset concerned.
All grants in the income statement are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
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4. Intangible Assets
Total
£
Cost
As at 1 April 2024 620
As at 31 March 2025 620
Amortisation
As at 1 April 2024 248
Provided during the period 62
As at 31 March 2025 310
Net Book Value
As at 31 March 2025 310
As at 1 April 2024 372
5. Tangible Assets
Total
£
Cost or Valuation
As at 1 April 2024 21,745
Additions 13,804
Disposals (2,702 )
Revaluation 1,566
As at 31 March 2025 34,413
Depreciation
As at 1 April 2024 14,811
Provided during the period 2,411
Disposals (2,384 )
As at 31 March 2025 14,838
Net Book Value
As at 31 March 2025 19,575
As at 1 April 2024 6,934
6. Investments
Total
£
Cost
As at 1 April 2024 -
Additions 21,141
Revaluations (2,068 )
As at 31 March 2025 19,073
Provision
As at 1 April 2024 -
As at 31 March 2025 -
...CONTINUED
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Page 5
Net Book Value
As at 31 March 2025 19,073
As at 1 April 2024 -
7. Deferred Taxation
The provision for deferred tax is made up as follows:
2025 2024
£ £
Other timing differences 2,193 1,719
8. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 April 2024 1,719 1,719
Additions 474 474
Balance at 31 March 2025 2,193 2,193
9. Share Capital
2025 2024
Allotted, called up and fully paid £ £
10 Ordinary Shares of £ 1.00 each 10 10
10. Reserves
Revaluation Reserve
£
Surplus on revaluation 1,174
As at 31 March 2025 1,174
11. Ultimate Controlling Party
The company's ultimate controlling party is O J Cox .
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