| Olympus Electrical & Building Services Ltd |
Registered number |
| Balance Sheet |
10656075 |
| as at 31 March 2019 |
|
|
| Notes |
|
|
2019 |
|
|
2018 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
824 |
|
|
- |
|
| Current assets |
| Stocks |
|
|
3,594 |
|
|
4,812 |
| Debtors |
4 |
|
115,983 |
|
|
62,481 |
|
|
|
119,577 |
|
|
67,293 |
|
| Creditors: amounts falling due within one year |
5 |
|
(113,984) |
|
|
(67,239) |
|
| Net current assets |
|
|
|
5,593 |
|
|
54 |
|
| Net assets |
|
|
|
6,417 |
|
|
54 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
2 |
|
|
2 |
| Profit and loss account |
|
|
|
6,415 |
|
|
52 |
|
| Shareholders' funds |
|
|
|
6,417 |
|
|
54 |
|
|
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| C Nikomanis |
| Director |
| Approved by the board on 26 June 2020 |
|
| Olympus Electrical & Building Services Ltd |
| Notes to the Accounts |
| for the year ended 31 March 2019 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland, as applied to small entities by section 1A of the standard. |
|
|
Turnover |
|
Turnover represents the amount receivable for goods and services supplied, net of value added tax. |
|
|
Stocks and work in progress |
|
Stocks and work in progress are measured at the lower of cost and net realisable value. |
|
|
Leased assets |
|
Operating lease rentals are charged to profit and loss over the lease term. |
|
|
|
| 2 |
Employees |
2019 |
|
2018 |
| Number |
Number |
|
|
Average number of employees |
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
Equipment |
| £ |
|
|
|
Cost |
|
Additions |
1,099 |
|
At 31 March 2019 |
1,099 |
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
Charge for the year |
275 |
|
At 31 March 2019 |
275 |
|
|
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2019 |
824 |
|
|
|
| 4 |
Debtors |
2019 |
|
2018 |
| £ |
£ |
|
|
Trade debtors |
94,665 |
|
48,298 |
|
Other debtors |
21,318 |
|
14,183 |
|
|
|
|
|
|
115,983 |
|
62,481 |
|
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2019 |
|
2018 |
| £ |
£ |
|
|
Bank overdraft |
20,852 |
|
7,382 |
|
Trade creditors |
17,945 |
|
26,982 |
|
Corporation tax |
|
|
|
|
35,095 |
|
11,796 |
|
Other taxes |
20,908 |
|
14,444 |
|
Other creditors |
19,184 |
|
6,635 |
|
|
|
|
|
|
113,984 |
|
67,239 |
|
|
|
|
|
|
|
|
|
|
|
| 6 |
Loans to directors |
| B/fwd |
Repaid |
Advances |
C/fwd |
| £ |
£ |
£ |
£ |
|
C Nikomanis |
|
Loan repaid |
3,701 |
|
(3,701) |
|
- |
|
- |
|
|
J Saunders |
|
Loan repaid |
3,701 |
|
(3,701) |
|
- |
|
- |
|
|
|
7,402 |
|
(7,402) |
|
- |
|
- |
|
|
|
|
|
|
|
|
|
|
|
| 7 |
Controlling parties |
|
|
The company is controlled by the directors, who between them own the company's entire issued share capital. |
|
|
|
| 8 |
Other information |
|
|
Olympus Electrical & Building Services Ltd is a private company limited by shares and incorporated in England. Its registered office is 47 Westview Drive, Woodford Green, Essex IG8 8LX. |
