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Company Registration No. 05021350 (England and Wales)
Olsen Engineering UK Ltd Unaudited accounts for the year ended 31 March 2026
Olsen Engineering UK Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Olsen Engineering UK Ltd Company Information for the year ended 31 March 2026
Director
Piers Olsen
Company Number
05021350 (England and Wales)
Registered Office
The Innovation Centre, Sci-Tech Keckwick Lane Daresbury Warrington WA4 4FS United Kingdom
Accountants
Townley & Co Limited Warrington Business Centre 67 Bewsey Street Warrington WA2 7JQ
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Olsen Engineering UK Ltd Statement of financial position as at 31 March 2026
2026
2025
Notes
£
£
Fixed assets
Tangible assets
4
559,551
2,289
Current assets
Inventories
-
1,000
Debtors
5
58,160
36,806
Cash at bank and in hand
249,213
72,854
307,373
110,660
Creditors: amounts falling due within one year
6
(209,838)
(32,146)
Net current assets
97,535
78,514
Net assets
657,086
80,803
Capital and reserves
Called up share capital
4
4
Revaluation reserve
556,835
-
Profit and loss account
100,247
80,799
Shareholders' funds
657,086
80,803
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 19 August 2026 and were signed on its behalf by
Piers Olsen Director Company Registration No. 05021350
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Olsen Engineering UK Ltd Notes to the Accounts for the year ended 31 March 2026
1
Statutory information
Olsen Engineering UK Ltd is a private company, limited by shares, registered in England and Wales, registration number 05021350. The registered office is The Innovation Centre, Sci-Tech, Keckwick Lane, Daresbury, Warrington, WA4 4FS, 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 £ 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
25% reducing balance
4
Tangible fixed assets
Plant & machinery
£
Cost or valuation
At valuation
At 1 April 2025
12,591
Additions
1,000
Revaluations
556,835
At 31 March 2026
570,426
Depreciation
At 1 April 2025
10,302
Charge for the year
573
At 31 March 2026
10,875
Net book value
At 31 March 2026
559,551
At 31 March 2025
2,289
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Olsen Engineering UK Ltd Notes to the Accounts for the year ended 31 March 2026
5
Debtors
2026
2025
£
£
Amounts falling due within one year
VAT
27,819
-
Trade debtors
1,537
7,736
Other debtors
28,804
29,070
58,160
36,806
6
Creditors: amounts falling due within one year
2026
2025
£
£
Bank loans and overdrafts
-
19,970
VAT
-
937
Trade creditors
171,813
615
Other creditors
523
10,624
Loans from directors
37,502
-
209,838
32,146
7
Average number of employees
During the year the average number of employees was 1 (2025: 1).
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