1 July 2024 false No description of principal activity Taxfiler 2024.6 true NI669891 business:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 NI669891 2024-06-30 NI669891 2024-07-01 2025-06-30 NI669891 business:AuditExemptWithAccountantsReport 2024-07-01 2025-06-30 NI669891 business:FilletedAccounts 2024-07-01 2025-06-30 NI669891 2025-06-30 NI669891 business:Director1 2024-07-01 2025-06-30 NI669891 business:RegisteredOffice 2024-07-01 2025-06-30 NI669891 2024-06-30 NI669891 core:WithinOneYear 2025-06-30 NI669891 core:WithinOneYear 2024-06-30 NI669891 core:AfterOneYear 2025-06-30 NI669891 core:AfterOneYear 2024-06-30 NI669891 core:ShareCapital core:PreviouslyStatedAmount 2025-06-30 NI669891 core:ShareCapital core:PreviouslyStatedAmount 2024-06-30 NI669891 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-06-30 NI669891 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-06-30 NI669891 core:PreviouslyStatedAmount 2025-06-30 NI669891 core:PreviouslyStatedAmount 2024-06-30 NI669891 business:SmallEntities 2024-07-01 2025-06-30 NI669891 countries:NorthernIreland 2024-07-01 2025-06-30 NI669891 core:FurnitureFittings 2024-07-01 2025-06-30 NI669891 core:FurnitureFittings 2024-06-30 NI669891 core:FurnitureFittings 2025-06-30 NI669891 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure
Company Registration No. NI669891 (Northern Ireland)
OLYMPUS ENGAGEMENTS LTD Unaudited accounts for the year ended 30 June 2025
OLYMPUS ENGAGEMENTS LTD Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
- 2 -
OLYMPUS ENGAGEMENTS LTD Company Information for the year ended 30 June 2025
Director
Mark Kelly
Company Number
NI669891 (Northern Ireland)
Registered Office
11A KILMORE ROAD CROSSGAR DOWNPATRICK DOWN BT30 2HJ UNITED KINGDOM
Accountants
DJB Accounting Ltd 34 Knockmoyle Drive Greystone Road Antrim BT41 1HE
- 3 -
OLYMPUS ENGAGEMENTS LTD Accountants' report
Accountants' report to the director of OLYMPUS ENGAGEMENTS LTD on the preparation of the unaudited statutory accounts for the year ended 30 June 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of OLYMPUS ENGAGEMENTS LTD for the year ended 30 June 2025 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of OLYMPUS ENGAGEMENTS LTD, as a body, in accordance with the terms of our engagement letter dated 1 June 2020. Our work has been undertaken solely to prepare for your approval the accounts of OLYMPUS ENGAGEMENTS LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than OLYMPUS ENGAGEMENTS LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that OLYMPUS ENGAGEMENTS LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of OLYMPUS ENGAGEMENTS LTD. You consider that OLYMPUS ENGAGEMENTS LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of OLYMPUS ENGAGEMENTS LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
DJB Accounting Ltd 34 Knockmoyle Drive Greystone Road Antrim BT41 1HE 1 October 2025
- 4 -
OLYMPUS ENGAGEMENTS LTD Statement of financial position as at 30 June 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
-
4,000
Current assets
Inventories
-
2,750
Cash at bank and in hand
(306)
268
(306)
3,018
Creditors: amounts falling due within one year
5
(1,260)
(1,201)
Net current (liabilities)/assets
(1,566)
1,817
Total assets less current liabilities
(1,566)
5,817
Creditors: amounts falling due after more than one year
6
(2,698)
(3,961)
Net (liabilities)/assets
(4,264)
1,856
Capital and reserves
Called up share capital
1
1
Profit and loss account
(4,265)
1,855
Shareholders' funds
(4,264)
1,856
For the year ending 30 June 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 his 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 26 October 2025 and were signed on its behalf by
Mark Kelly Director Company Registration No. NI669891
- 5 -
OLYMPUS ENGAGEMENTS LTD Notes to the Accounts for the year ended 30 June 2025
1
Statutory information
OLYMPUS ENGAGEMENTS LTD is a private company, limited by shares, registered in Northern Ireland, registration number NI669891. The registered office is 11A KILMORE ROAD, CROSSGAR, DOWNPATRICK, DOWN, BT30 2HJ, UNITED KINGDOM.
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 Â£ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Fixtures & fittings
25% Straight Line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
- 6 -
OLYMPUS ENGAGEMENTS LTD Notes to the Accounts for the year ended 30 June 2025
Going concern
At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director will continue to adopt the going concern basis of accounting in preparing the financial statements.
4
Tangible fixed assets
Fixtures & fittings
£
Cost or valuation
At cost
At 1 July 2024
13,000
At 30 June 2025
13,000
Depreciation
At 1 July 2024
9,000
Charge for the year
4,000
At 30 June 2025
13,000
Net book value
At 30 June 2025
-
At 30 June 2024
4,000
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
1,200
1,200
Loans from directors
60
1
1,260
1,201
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
2,698
3,961
7
Average number of employees
During the year the average number of employees was 0 (2024: 0).
- 7 -