Registration number: 08644817

Olvossa Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 5

Olvossa Limited

(Registration number: 08644817)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	3	19,165	26,454
Current assets
Stocks		12,000	37,000
Debtors	4	8,285	14,661
Cash at bank and in hand		2,523	269
		22,808	51,930
Creditors: Amounts falling due within one year	5	(74,691)	(72,810)
Net current liabilities		(51,883)	(20,880)
Total assets less current liabilities		(32,718)	5,574
Provisions for liabilities		(794)	(794)
Net (liabilities)/assets		(33,512)	4,780
Capital and reserves
Called up share capital		1	1
Retained earnings		(33,513)	4,779
Shareholders' (deficit)/funds		(33,512)	4,780

Olvossa Limited

(Registration number: 08644817)
Balance Sheet as at 31 March 2025

For the financial 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.

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; and
•	The director acknowledges her responsibilities for complying with the requirements of the Act 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. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 8 December 2025
 

......................................... Miss H Jones Director

Olvossa Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

Going concern

The financial statements have been prepared on a going concern basis. The company meets its day to day working capital requirements through funds provided by the directors. The directors consider that these facilities will continue to be made available to the company. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments which would result if the going concern basis were not appropriate.

Revenue recognition

Turnover represents net invoiced sales of goods, excluding value added tax.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Motor vehicles	25% reducing balance
Plant and machinery	15% reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

2	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

Olvossa Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

3	Tangible assets

	Motor vehicles  £	Plant and machinery £	Total £
Cost or valuation
At 1 April 2024	7,875	49,579	57,454
Disposals	-	(9,567)	(9,567)
At 31 March 2025	7,875	40,012	47,887
Depreciation
At 1 April 2024	6,649	24,351	31,000
Charge for the year	307	3,220	3,527
Eliminated on disposal	-	(5,805)	(5,805)
At 31 March 2025	6,956	21,766	28,722
Carrying amount
At 31 March 2025	919	18,246	19,165
At 31 March 2024	1,226	25,228	26,454

4

Debtors

Current	2025 £	2024 £
Other debtors	8,285	14,661
	8,285	14,661

5

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings		1,344	565
Trade creditors		15,285	18,852
Accruals and deferred income		1,080	1,799
Other creditors		56,982	51,594
		74,691	72,810

Olvossa Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Current loans and borrowings

	2025 £	2024 £
Bank overdrafts	1,344	565