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Company Registration No. 13982556 (England and Wales)
OLA AUTO LTD Unaudited accounts for the year ended 31 March 2026
OLA AUTO LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
OLA AUTO LTD Company Information for the year ended 31 March 2026
Director
Olanrenwaju Wasiu Raji
Company Number
13982556 (England and Wales)
Registered Office
11 Oakamoor Street Drakelow Burton-on-Trent Staffordshire DE15 9WS England
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OLA AUTO LTD Statement of financial position as at 31 March 2026
2026
2025
Notes
£
£
Fixed assets
Tangible assets
4
7,306
7,818
Current assets
Cash at bank and in hand
2,798
2,750
Net current assets
2,798
2,750
Total assets less current liabilities
10,104
10,568
Creditors: amounts falling due after more than one year
5
(11,044)
(10,766)
Net liabilities
(940)
(198)
Capital and reserves
Called up share capital
100
100
Profit and loss account
(1,040)
(298)
Shareholders' funds
(940)
(198)
For the year ending 31 March 2026 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 24 May 2026 and were signed on its behalf by
Olanrenwaju Wasiu Raji Director Company Registration No. 13982556
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OLA AUTO LTD Notes to the Accounts for the year ended 31 March 2026
1
Statutory information
OLA AUTO LTD is a private company, limited by shares, registered in England and Wales, registration number 13982556. The registered office is 11 Oakamoor Street, Drakelow, Burton-on-Trent, Staffordshire, DE15 9WS, England.
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 £ sterling.
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:
Plant & machinery
5% Straight Line
Motor vehicles
10% Straight Line
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 April 2025
7,050
1,600
8,650
At 31 March 2026
7,050
1,600
8,650
Depreciation
At 1 April 2025
352
480
832
Charge for the year
352
160
512
At 31 March 2026
704
640
1,344
Net book value
At 31 March 2026
6,346
960
7,306
At 31 March 2025
6,698
1,120
7,818
5
Creditors: amounts falling due after more than one year
2026
2025
£
£
Loans from directors
11,044
10,766
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OLA AUTO LTD Notes to the Accounts for the year ended 31 March 2026
6
Average number of employees
During the year the average number of employees was 1 (2025: 1).
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