1 February 2024 false No description of principal activity Taxfiler 2024.6 11152876business:PrivateLimitedCompanyLtd2024-02-012025-01-31 111528762024-01-31 111528762024-02-012025-01-31 11152876business:AuditExemptWithAccountantsReport2024-02-012025-01-31 11152876business:FilletedAccounts2024-02-012025-01-31 111528762025-01-31 11152876business:Director12024-02-012025-01-31 11152876business:RegisteredOffice2024-02-012025-01-31 111528762024-01-31 11152876core:WithinOneYear2025-01-31 11152876core:WithinOneYear2024-01-31 11152876core:ShareCapitalcore:PreviouslyStatedAmount2025-01-31 11152876core:ShareCapitalcore:PreviouslyStatedAmount2024-01-31 11152876core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2025-01-31 11152876core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-01-31 11152876core:PreviouslyStatedAmount2025-01-31 11152876core:PreviouslyStatedAmount2024-01-31 11152876business:SmallEntities2024-02-012025-01-31 11152876countries:EnglandWales2024-02-012025-01-31 11152876core:ComputerEquipment2024-02-012025-01-31 11152876core:IntangibleAssetsOtherThanGoodwill2024-01-31 11152876core:IntangibleAssetsOtherThanGoodwill2025-01-31 11152876core:IntangibleAssetsOtherThanGoodwill2024-02-012025-01-31 11152876core:FurnitureFittings2024-01-31 11152876core:ComputerEquipment2024-01-31 11152876core:FurnitureFittings2025-01-31 11152876core:ComputerEquipment2025-01-31 11152876core:FurnitureFittings2024-02-012025-01-31 111528762023-02-012024-01-31 iso4217:GBP xbrli:pure
Company Registration No. 11152876 (England and Wales)
Sarah Davies OLY Ltd Unaudited accounts for the year ended 31 January 2025
Sarah Davies OLY Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Sarah Davies OLY Ltd Company Information for the year ended 31 January 2025
Director
Sarah Davies
Company Number
11152876 (England and Wales)
Registered Office
44 THORNHILL DRIVE SOUTH NORMANTON ALFRETON DE55 2FS ENGLAND
Accountants
Walling Accountants Unit 1B Hallidays Farm Bilsborrow Preston PR3 0RU
- 3 -
Sarah Davies OLY Ltd Statement of financial position as at 31 January 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
428 
2,999 
Tangible assets
5
111 
259 
539 
3,258 
Current assets
Cash at bank and in hand
4,459 
3,292 
Creditors: amounts falling due within one year
6
(4,420)
(4,728)
Net current assets/(liabilities)
39 
(1,436)
Net assets
578 
1,822 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
576 
1,820 
Shareholders' funds
578 
1,822 
For the year ending 31 January 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 her 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 19 June 2025 and were signed on its behalf by
Sarah Davies Director Company Registration No. 11152876
- 4 -
Sarah Davies OLY Ltd Notes to the Accounts for the year ended 31 January 2025
1
Statutory information
Sarah Davies OLY Ltd is a private company, limited by shares, registered in England and Wales, registration number 11152876. The registered office is 44 THORNHILL DRIVE, SOUTH NORMANTON, ALFRETON, DE55 2FS, 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts and rebates. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
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:
Computer equipment
33.3% on cost
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
- 5 -
Sarah Davies OLY Ltd Notes to the Accounts for the year ended 31 January 2025
4
Intangible fixed assets
Other 
£ 
Cost
At 1 February 2024
12,855 
At 31 January 2025
12,855 
Amortisation
At 1 February 2024
9,856 
Charge for the year
2,571 
At 31 January 2025
12,427 
Net book value
At 31 January 2025
428 
At 31 January 2024
2,999 
5
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2024
406 
1,138 
1,544 
At 31 January 2025
406 
1,138 
1,544 
Depreciation
At 1 February 2024
216 
1,069 
1,285 
Charge for the year
102 
46 
148 
At 31 January 2025
318 
1,115 
1,433 
Net book value
At 31 January 2025
88 
23 
111 
At 31 January 2024
190 
69 
259 
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Taxes and social security
3,874 
3,850 
Loans from directors
66 
398 
Accruals
480 
480 
4,420 
4,728 
7
Average number of employees
During the year the average number of employees was 0 (2024: 0).
- 6 -