REGISTERED NUMBER: 12158170 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st December 2024

for

Olsons Group Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M J Oliver

Mrs D A Oliver

REGISTERED OFFICE:

119 Reading Road

Finchampstead

Wokingham

Berkshire

RG40 4RD

BUSINESS ADDRESS:

Windsor House

401-403 Reading Road

Winnersh

Wokingham

Berkshire

RG41 5HU

REGISTERED NUMBER:

12158170 (England and Wales)

ACCOUNTANTS:

Hannaways

Trios House

Reform Road

Maidenhead

Berkshire

SL6 8BY

FIXED ASSETS

Tangible assets

4

881

1,144

CURRENT ASSETS

Debtors

5

26,890

97,173

Cash at bank

3,816

52,950

30,706

150,123

CREDITORS

Amounts falling due within one year

6

64,749

144,553

NET CURRENT (LIABILITIES)/ASSETS

(34,043

)

5,570

TOTAL ASSETS LESS CURRENT LIABILITIES

(33,162

)

6,714

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

(33,262

)

6,614

SHAREHOLDERS' FUNDS

(33,162

)

6,714

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18th June 2025 and were signed on its behalf by:

M J Oliver - Director

1.	STATUTORY INFORMATION

Olsons Group Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost and 15% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Short term debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction cost. Any losses from impairment are recognised in the profit and loss account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st January 2024

and 31st December 2024

1,320

DEPRECIATION

At 1st January 2024

176

Charge for year

263

At 31st December 2024

439

NET BOOK VALUE

At 31st December 2024

881

At 31st December 2023

1,144

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

26,790

97,073

Other debtors

100

100

26,890

97,173

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

8,928

35,360

Taxation and social security

34,220

45,658

Other creditors

21,601

63,535

64,749

144,553

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Between one and five years

-

12,600

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

52

Ordinary A

£1

52

52

16

Ordinary B

£1

16

16

16

Ordinary C

£1

16

16

16

Ordinary D

£1

16

16

100

100

9.

RESERVES

Retained

earnings

£

At 1st January 2024

6,614

Profit for the year

62,506

Dividends

(102,382

)

At 31st December 2024

(33,262

)

10.	ULTIMATE CONTROLLING PARTY

The company was controlled in the current and previous period by the directors.