OLYMPIA TRANSPORT LIMITED

OLYMPIA TRANSPORT LIMITED
Director's Report
For the year ended 24 January 2025

Director's report and financial statements

The director presents their annual report and the financial statements for the year ended 24 January 2025.

Director

The director who served the company throughout the year was as follows:

R Dhillon

Statement of director's responsibilities

The director is responsible for preparing the directors’ report and the financial statements in accordance with applicable law and regulation.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to

select suitable accounting policies and then apply them consistently
make judgments and accounting estimates that are reasonable and prudent
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business

The director is responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

On behalf of the board.

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R Dhillon
Director

Date approved: 09 December 2025

OLYMPIA TRANSPORT LIMITED
Statement of Financial Position
As at 24 January 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	383,637	441,916
Investments	4	87,625	63,917
		471,262	505,833
Current assets
Debtors	5	101,532	58,880
Cash at bank and in hand		(18,718)	46,904
		82,814	105,784
Creditors: amount falling due within one year	6	(192,360)	(194,493)
Net current assets		(109,546)	(88,709)

Total assets less current liabilities		361,716	417,124
Creditors: amount falling due after more than one year	7	(275,996)	(369,809)
Net assets		85,720	47,315

Capital and reserves
Called up share capital	8	2,400	2,400
Profit and loss account		83,320	44,915
Shareholders' funds		85,720	47,315

For the year ended 24 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 income statement has not been delivered to the Registrar of Companies.

The financial statements were approved by the director on 09 December 2025 and were signed by:

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R Dhillon
Director

OLYMPIA TRANSPORT LIMITED
Notes to the Financial Statements
For the year ended 24 January 2025

General Information

OLYMPIA TRANSPORT LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07253549, registration address 55 Arundel Drive, Harrow, Middlesex, HA2 8PN.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102(1A) The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

Going concern basis

The financial statements have been prepared on a going concern basis which is dependent upon the company's director continuing to provide the necessary financial facilities to enable the company to continue in operation for the foreseeable future.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Operating lease rentals

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Finance lease and hire purchase charges

The finance element of the rental payment is charged to the income statement on a straight line basis.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. The companys liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Motor Vehicles	13% Reducing Balance
Computer Equipment	3 Years Straight Line

Fixed asset investments

Fixed asset investments are stated at cost less provision for any permanent diminution in value.

Financial instruments

The company has elected to apply the provisions of Section 11 Basic Financial Instruments and Section 12 Other Financial Instruments Issues of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

2.	Average number of employees Average number of employees during the year was 2 (2024 : 2).

Tangible fixed assets

Cost or valuation	Motor Vehicles	Computer Equipment	Total
	£	£	£
At 25 January 2024	567,954	4,820	572,774
Additions	-	-	-
Disposals	-	-	-
At 24 January 2025	567,954	4,820	572,774
Depreciation
At 25 January 2024	129,089	1,769	130,858
Charge for year	57,053	1,226	58,279
On disposals	-	-	-
At 24 January 2025	186,142	2,995	189,137
Net book values
Closing balance as at 24 January 2025	381,812	1,825	383,637
Opening balance as at 25 January 2024	438,865	3,051	441,916

Investments

Cost	Other investments other than loans	Total
	£	£
At 25 January 2024	63,917	63,917
Additions	23,708	23,708
Disposals	-	-
At 24 January 2025	87,625	87,625

Debtors: amounts falling due within one year

	2025 £	2024 £
Trade Debtors	101,532	0
Accrued Income	0	58,869
Other Debtors	0	11
	101,532	58,880

Creditors: amount falling due within one year

	2025 £	2024 £
Trade Creditors	0	3,559
Bank Loans & Overdrafts	15,126	15,126
Hire Purchase	78,687	78,686
Corporation Tax	1,100	1,100
Accrued Expenses	1,800	5,000
Other Creditors	16,724	16,724
Directors' Current Accounts	19,450	35,467
VAT	59,473	38,831
	192,360	194,493

Creditors: amount falling due after more than one year

	2025 £	2024 £
Bank Loans & Overdrafts	20,433	35,559
Hire Purchase	255,563	334,250
	275,996	369,809

Share Capital

Allotted, called up and fully paid	2025 £		2024 £
2,400 Ordinary shares of £1.00 each	2,400		2,400
	2,400		2,400

Registered Number: 07253549
England and Wales
OLYMPIA TRANSPORT LIMITED

Unaudited Financial Statements

Period of accounts Start date: 25 January 2024 End date: 24 January 2025