REGISTERED NUMBER: 14369978 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 OCTOBER 2023 TO 31 MARCH 2025

FOR

OLIFI PROJECTS LTD

FIXED ASSETS

Tangible assets

4

11,335

1,108

CURRENT ASSETS

Stocks

3,800

-

Debtors

2,641

2,705

Cash at bank

3,347

1,020

9,788

3,725

CREDITORS

Amounts falling due within one year

14,323

3,948

NET CURRENT LIABILITIES

(4,535

)

(223

)

TOTAL ASSETS LESS CURRENT LIABILITIES

6,800

885

CREDITORS

Amounts falling due after more than one year

5,734

-

NET ASSETS

1,066

885

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

1,065

884

1,066

885

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Balance sheet for the period ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 September 2025 and were signed by:

S L McNamara - Director

1.	STATUTORY INFORMATION

Olifi Projects Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number is 14369978 and the registered office is 30A Elm Hill, Towlers Court, Norwich, Norfolk, NR3 1HG

The presentation currency of the financial statements is sterling.

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.

These financial statements cover an 18-month accounting period ended 31 March 2025. The comparative figures relate to the 12-month period ended 30 September 2023 and are therefore not directly comparable. The change in the company’s financial year-end was made for commercial reasons.

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.

Fixtures & Fittings - 25% Reducing balance

Motor Vehicles - 20% Straight line

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 October 2023

1,477

Additions

21,568

Disposals

(10,000

)

At 31 March 2025

13,045

DEPRECIATION

At 1 October 2023

369

Charge for period

3,841

Eliminated on disposal

(2,500

)

At 31 March 2025

1,710

NET BOOK VALUE

At 31 March 2025

11,335

At 30 September 2023

1,108

5.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2023

£

£

Hire purchase contracts

7,809

-

The hire purchase liabilities are secured on the assets to which they relate.