OLAR ENTERPRISES LTD

OLAR ENTERPRISES LTD
Contents Page
For the year ended 31 October 2025

Statement of Financial Position	1
Notes to the Financial Statements	2

OLAR ENTERPRISES LTD
Statement of Financial Position
As at 31 October 2025

	Notes	2025 £	2024 £
Fixed assets
Fixtures & Fittings	3	441	538
		441	538
Current assets
Debtors		10,305	6,042
Cash at bank and in hand		529	2,471
		10,834	8,513
Creditors: amount falling due within one year		(4,001)	(1,129)
Net current assets		6,833	7,384

Total assets less current liabilities		7,274	7,922
Creditors: amount falling due after more than one year		(2,588)	(3,143)
Net assets		4,686	4,779

Capital and reserves
Called up share capital		200	200
Profit and loss account		4,486	4,579
Shareholders' funds		4,686	4,779

For the year ended 31 October 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 members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the director on 02 July 2026 and were signed by:

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Olatunde Pasaq Gbemisola
Director

1

OLAR ENTERPRISES LTD
Notes to the Abridged Financial Statements
For the year ended 31 October 2025

General Information

OLAR ENTERPRISES LTD is a private company, limited by shares, registered in England and Wales, registration number 09841529, registration address 33 WALSDEN STREET, MANCHESTER ENGLAND, M11 4WJ.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – 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.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

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

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 company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Dividends

Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position 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:

Fixtures and Fittings

18 Reducing Balance

2.	Average number of employees Average number of employees during the year was 1 (2024 : 1).

3.

Fixtures & Fittings

Cost or valuation	Fixtures and Fittings	Total
	£	£
At 01 November 2024	820	820
Additions	-	-
Disposals	-	-
At 31 October 2025	820	820
Depreciation
At 01 November 2024	282	282
Charge for year	97	97
On disposals	-	-
At 31 October 2025	379	379
Net book values
Closing balance as at 31 October 2025	441	441
Opening balance as at 01 November 2024	538	538

2

Registered Number: 09841529
England and Wales
OLAR ENTERPRISES LTD

Abridged Accounts

Period of accounts Start date: 01 November 2024 End date: 31 October 2025