1 March 2024 false No description of principal activity Taxfiler 2024.6 09452703 business:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 09452703 2024-02-29 09452703 2024-03-01 2025-02-28 09452703 business:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 09452703 business:FilletedAccounts 2024-03-01 2025-02-28 09452703 2025-02-28 09452703 business:Director1 2024-03-01 2025-02-28 09452703 business:RegisteredOffice 2024-03-01 2025-02-28 09452703 2024-02-29 09452703 core:WithinOneYear 2025-02-28 09452703 core:WithinOneYear 2024-02-29 09452703 core:ShareCapital core:PreviouslyStatedAmount 2025-02-28 09452703 core:ShareCapital core:PreviouslyStatedAmount 2024-02-29 09452703 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-02-28 09452703 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-02-29 09452703 core:PreviouslyStatedAmount 2025-02-28 09452703 core:PreviouslyStatedAmount 2024-02-29 09452703 business:SmallEntities 2024-03-01 2025-02-28 09452703 countries:EnglandWales 2024-03-01 2025-02-28 09452703 core:PlantMachinery 2024-03-01 2025-02-28 09452703 core:MotorVehicles 2024-03-01 2025-02-28 09452703 core:ComputerEquipment 2024-03-01 2025-02-28 09452703 core:PlantMachinery 2024-02-29 09452703 core:MotorVehicles 2024-02-29 09452703 core:ComputerEquipment 2024-02-29 09452703 core:PlantMachinery 2025-02-28 09452703 core:MotorVehicles 2025-02-28 09452703 core:ComputerEquipment 2025-02-28 09452703 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure
Company Registration No. 09452703 (England and Wales)
Olimp Ltd Unaudited accounts for the year ended 28 February 2025
Olimp Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Olimp Ltd Company Information for the year ended 28 February 2025
Director
Vasyl TSYUPKA
Company Number
09452703 (England and Wales)
Registered Office
36 Colchester Road Nottingham Nottinghamshire NG8 6LB England
Accountants
BRITANNIA BUSINESS CONSULTING 52 LEYTONSTONE ROAD LONDON E15 1SQ
- 3 -
Olimp Ltd Statement of financial position as at 28 February 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
4,045
5,234
Current assets
Debtors
5
13,436
11,080
Cash at bank and in hand
7,921
5,624
21,357
16,704
Creditors: amounts falling due within one year
6
(28,918)
(28,981)
Net current liabilities
(7,561)
(12,277)
Net liabilities
(3,516)
(7,043)
Capital and reserves
Called up share capital
10
10
Profit and loss account
(3,526)
(7,053)
Shareholders' funds
(3,516)
(7,043)
For the year ending 28 February 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 1 September 2025 and were signed on its behalf by
Vasyl TSYUPKA Director Company Registration No. 09452703
- 4 -
Olimp Ltd Notes to the Accounts for the year ended 28 February 2025
1
Statutory information
Olimp Ltd is a private company, limited by shares, registered in England and Wales, registration number 09452703. The registered office is 36 Colchester Road, Nottingham, Nottinghamshire, NG8 6LB, England.
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% on reducing balance
Motor vehicles
20% on reducing balance
Computer equipment
33.33% straight line
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 March 2024
2,132
20,995
1,654
24,781
At 28 February 2025
2,132
20,995
1,654
24,781
Depreciation
At 1 March 2024
1,231
17,473
843
19,547
Charge for the year
225
704
260
1,189
At 28 February 2025
1,456
18,177
1,103
20,736
Net book value
At 28 February 2025
676
2,818
551
4,045
At 29 February 2024
901
3,522
811
5,234
- 5 -
Olimp Ltd Notes to the Accounts for the year ended 28 February 2025
5
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
320
234
Trade debtors
6,249
10,486
Accrued income and prepayments
1,475
360
Other debtors
5,392
-
13,436
11,080
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
-
2,861
Taxes and social security
5,149
4,390
Other creditors
2,374
-
Loans from directors
21,395
21,295
Accruals
-
435
28,918
28,981
7
Average number of employees
During the year the average number of employees was 1 (2024: 2).
- 6 -