Oola Boola Antiques (London) Limited
Oola Boola Antiques (London) Limited
Registered number: 08677355
Financial Statements
For The Year Ended 31 May 2019
Apple Accountancy Services Ltd
ACCA
146 Manor Way
Borehamwood
Hertfordshire
WD6 1QX
Oola Boola Antiques (London) Limited
Financial Statements
For The Year Ended 31 May 2019
Financial Statements
| Contents | |
| Page | |
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| Accountant's Report | 1 |
| Balance Sheet | 2—3 |
| Notes to the Financial Statements | 4—6 |
Oola Boola Antiques (London) Limited
Accountant's Report
For The Year Ended 31 May 2019
Accountant's Report
In accordance with the engagement letter dated , and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.
This report is made to the directors in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the directors the financial statements that we have been engaged to compile, to report to the directors that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's directors for our work or for this report.
You have acknowledged on the balance sheet as at year ended 31 May 2019 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.
We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
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ACCA
146 Manor Way
Borehamwood
Hertfordshire
WD6 1QX
Page 1
Oola Boola Antiques (London) Limited
Balance Sheet
As at
31 May 2019
Balance Sheet
Registered number:
08677355
For the year ending 31 May 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 2019 | 2018 | ||||
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 3 |
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| CURRENT ASSETS | |||||
| Stocks | 4 |
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| Debtors | 5 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 6 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 7 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | 469,190 | 468,270 | |||
Page 2
Oola Boola Antiques (London) Limited
Balance Sheet (continued)
As at
31 May 2019
Directors' responsibilities:
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The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The directors acknowledge their 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. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
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Director
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The notes on pages 4 to 6 form part of these financial statements.
Page 3
Oola Boola Antiques (London) Limited
Notes to the Financial Statements
For The Year Ended 31 May 2019
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Freehold |
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| Fixtures & Fittings |
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1.3.
Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.
Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2018: )
Page 4
Oola Boola Antiques (London) Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 May 2019
3.
Tangible Assets
| Land & Property | |||
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| Freehold | Fixtures & Fittings | Total | |
| £ | £ | £ | |
| Cost | |||
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| Depreciation | |||
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| Provided during the period |
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| Net Book Value | |||
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4.
Stocks
| 2019 | 2018 | ||
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| £ | £ | ||
| Stock - finished goods |
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5.
Debtors
| 2019 | 2018 | ||
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| £ | £ | ||
| Due within one year | |||
| VAT | - |
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Page 5
Oola Boola Antiques (London) Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 May 2019
6.
Creditors: Amounts Falling Due Within One Year
| 2019 | 2018 | ||
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| £ | £ | ||
| Accruals and deferred income |
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| Directors' loan accounts |
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8.
General Information
Oola Boola Antiques (London) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08677355 . The registered office is 52 Culver Road, St Albans , Hertfordshire, AL1 4ED.
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