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Company Registration No. 09490557 (England and Wales)
Olata Fashions Ltd Unaudited accounts for the year ended 31 March 2025
Olata Fashions Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Olata Fashions Ltd Company Information for the year ended 31 March 2025
Directors
Agata Milk Oliver Milk
Company Number
09490557 (England and Wales)
Registered Office
Northwood House The Croft Costessey Norwich Norfolk NR8 5DT England
Accountants
Eastfield Accountants Limited Blofield Business Centre Woodbastwick Road Blofield Heath Norwich Norfolk NR13 4RR
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Olata Fashions Ltd Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Intangible assets
4
-
13,800
Tangible assets
5
1,416
-
1,416
13,800
Current assets
Inventories
98,649
107,439
Debtors
6
102,500
-
Cash at bank and in hand
135,957
212,593
337,106
320,032
Creditors: amounts falling due within one year
7
(46,011)
(54,449)
Net current assets
291,095
265,583
Net assets
292,511
279,383
Capital and reserves
Called up share capital
2
2
Profit and loss account
292,509
279,381
Shareholders' funds
292,511
279,383
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 directors acknowledge their 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 of Directors and authorised for issue on 12 August 2025 and were signed on its behalf by
Oliver Milk Director Company Registration No. 09490557
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Olata Fashions Ltd Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Olata Fashions Ltd is a private company, limited by shares, registered in England and Wales, registration number 09490557. The registered office is Northwood House, The Croft Costessey, Norwich, Norfolk, NR8 5DT, 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.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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:
4
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2024
138,000
At 31 March 2025
138,000
Amortisation
At 1 April 2024
124,200
Charge for the year
13,800
At 31 March 2025
138,000
Net book value
At 31 March 2025
-
At 31 March 2024
13,800
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Olata Fashions Ltd Notes to the Accounts for the year ended 31 March 2025
5
Tangible fixed assets
Computer equipment
£
Cost or valuation
At cost
At 1 April 2024
-
Additions
1,888
At 31 March 2025
1,888
Depreciation
Charge for the year
472
At 31 March 2025
472
Net book value
At 31 March 2025
1,416
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Other debtors
102,500
-
7
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
990
16,521
Taxes and social security
40,808
35,564
Loans from directors
2,410
384
Accruals
1,803
1,980
46,011
54,449
8
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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