Olfacto Limited

	Page
Accountants' Report	1
Statement of Financial Position	2—3
Notes to the Financial Statements	4—5

Chartered Accountants' report to the directors on the preparation of the unaudited statutory accounts of Olfacto Limited For The Year Ended 31 August 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Olfacto Limited For The Year Ended 31 August 2025 which comprise the Income Statement, the Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given to us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the directors of Olfacto Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Olfacto Limited and state those matters that we have agreed to state to the directors of Olfacto Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Olfacto Limited and its directors, as a body, for our work or for this report.

It is your duty to ensure that Olfacto Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Olfacto Limited . You consider that Olfacto Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit of the accounts of Olfacto Limited . 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 financial statements.

26 May 2026

Cooper Adams Ltd

Chartered Accountants

12 Payton Street

Stratford upon Avon

Warwickshire

CV37 6UA

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Olfacto Limited

Statement of Financial Position

As At 31 August 2025

Statement of Financial Position

Registered number: 12164017

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible assets	4		27		41

			27		41
CURRENT ASSETS
Stocks		1,500		2,000
Debtors		10,313		9,555
Cash at bank and in hand		344		2,713

		12,157		14,268
Creditors: Amounts Falling Due Within One Year		(130,378 )		(129,258 )

NET CURRENT ASSETS (LIABILITIES)			(118,221 )		(114,990 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(118,194 )		(114,949 )

Creditors: Amounts Falling Due After More Than One Year			(19,541 )		(24,143 )

NET LIABILITIES			(137,735 )		(139,092 )

CAPITAL AND RESERVES
Called up share capital	5		100		100
Income Statement			(137,835 )		(139,192 )

SHAREHOLDERS' FUNDS			(137,735)		(139,092)

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Olfacto Limited

Statement of Financial Position (continued)

As At 31 August 2025

For the year ending 31 August 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 directors acknowledge their 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.

On behalf of the board

Mr John Tarbet

Director

26 May 2026

The notes on pages 4 to 5 form part of these financial statements.

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Olfacto Limited

Notes to the Financial Statements

For The Year Ended 31 August 2025

Notes to the Financial Statements

1. General Information

Olfacto Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12164017 . The registered office is 12 Payton Street, Stratford upon Avon, Warwickshire, CV37 6UA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The company is showing net liabilities as at 31 August 2025. The directors have confirmed that they will continue to support the company financially, to allow it to continue its operations. On this basis, the directors consider it appropriate to prepare the financial statements on a going concern basis.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales tax.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & fittings

33% Reducing Balance

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Financial Instruments

The company’s financial instruments comprise basic financial assets and liabilities, including cash at bank, debtor balances and creditor balances. These are initially recognised at transaction price and subsequently measured at amortised cost. The company does not hold or issue any complex financial instruments.

2.6. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.7. Taxation

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the income statement because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

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Olfacto Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2024: 3)

4. Tangible assets

	Fixtures & fittings
	£
Cost
As at 1 September 2024	207

As at 31 August 2025	207

Depreciation
As at 1 September 2024	166
Provided during the period	14

As at 31 August 2025	180

Net Book Value
As at 31 August 2025	27

As at 1 September 2024	41

5. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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