REGISTERED NUMBER: 14225630 (England and Wales)

OLISEC LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JULY 2026

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

Mr O A Reyland

REGISTERED OFFICE:

16 Maple Road

Fairwater

Cardiff

CF5 3TY

REGISTERED NUMBER:

14225630 (England and Wales)

ACCOUNTANTS:

Carston ETL

Tudor House

16 Cathedral Road

Cardiff

CF11 9LJ

FIXED ASSETS

Intangible assets

4

7,200

8,400

Tangible assets

5

24,600

14,468

31,800

22,868

CURRENT ASSETS

Debtors

6

13,799

-

Cash at bank

34,151

34,064

47,950

34,064

CREDITORS

Amounts falling due within one year

7

42,070

43,525

NET CURRENT ASSETS/(LIABILITIES)

5,880

(9,461

)

TOTAL ASSETS LESS CURRENT LIABILITIES

37,680

13,407

CREDITORS

Amounts falling due after more than one year

8

37,229

13,040

NET ASSETS

451

367

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

351

267

SHAREHOLDERS' FUNDS

451

367

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 3rd November 2026 and were signed by:

Mr O A Reyland - Director

1.	STATUTORY INFORMATION

Olisec Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles

-

20% straight line on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st August 2025

and 31st July 2026

12,000

AMORTISATION

At 1st August 2025

3,600

Amortisation for year

1,200

At 31st July 2026

4,800

NET BOOK VALUE

At 31st July 2026

7,200

At 31st July 2025

8,400

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1st August 2025

1,866

17,300

19,166

Additions

-

18,333

18,333

At 31st July 2026

1,866

35,633

37,499

DEPRECIATION

At 1st August 2025

373

4,325

4,698

Charge for year

374

7,827

8,201

At 31st July 2026

747

12,152

12,899

NET BOOK VALUE

At 31st July 2026

1,119

23,481

24,600

At 31st July 2025

1,493

12,975

14,468

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other debtors

13,799

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

14,725

1,600

Hire purchase contracts (see note 9)

7,852

3,352

Taxation and social security

14,742

24,675

Other creditors

4,751

13,898

42,070

43,525

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

11,204

1,867

Hire purchase contracts (see note 9)

25,321

11,173

Other creditors

704

-

37,229

13,040

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2026

2025

£

£

Net obligations repayable:

Within one year

7,852

3,352

Between one and five years

25,321

11,173

33,173

14,525

Non-cancellable

operating leases

2026

2025

£

£

Within one year

8,851

-

Between one and five years

16,964

-

25,815

-

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

100

Ordinary

£1

100

100