Olivaris Limited Company accounts

Olivaris Limited Company accounts

OLIVARIS LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 03320872
Olivaris Limited
Unaudited Financial Statements
31 March 2020
Olivaris Limited
Financial Statements
Year ended 31 March 2020
Contents
Pages
Officers and professional advisers
1
Income statement
2
Statement of financial position and the notes to the financial statements
3 to 4
The following pages do not form part of the financial statements
Chartered certified accountants report to the director on the preparation of the unaudited statutory financial statements
6
Olivaris Limited
Officers and Professional Advisers
Director
M.A. Olivares-Alvarez
Registered office
41 Ellenborough Close
Bishops Stortford
Hertfordshire
CM23 4HT
Accountants
Layton Train Ltd
Chartered Certified Accountants
1 Town Quay Wharf
Abbey Road
Barking
Essex IG11 7BZ
Olivaris Limited
Income Statement
Year ended 31 March 2020
2020
2019
£
£
Turnover
39,413
44,220
Staff costs
1,125
1,023
Depreciation and other amounts written off assets
4,814
3,390
Other charges
15,408
14,648
Tax
2,028
4,816
--------
--------
Profit
16,038
20,343
--------
--------
Olivaris Limited
Statement of Financial Position
31 March 2020
2020
2019
£
£
£
Fixed assets
11,052
14,811
--------
--------
Current assets
3,087
1,499
Prepayments and accrued income
24
92
-------
-------
3,111
1,591
Creditors: amounts falling due within one year
8,047
7,314
--------
--------
Net current liabilities
( 4,936)
( 5,723)
-------
-------
Total assets less current liabilities
6,116
9,088
Creditors: amounts falling due after more than one year
748
1,870
Provisions for liabilities
-
1,990
Accruals and deferred income
5,085
4,983
-------
-------
283
245
-------
-------
Capital and reserves
283
245
----
----
Notes to the financial statements
1. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2019: 1 ).
2. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2020
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
M.A. Olivares-Alvarez
359
32,488
( 30,488)
2,359
----
--------
--------
-------
2019
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
M.A. Olivares-Alvarez
( 1,022)
33,538
( 32,157)
359
-------
--------
--------
----
For the year ending 31 March 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements have been prepared in accordance with the micro-entity provisions.
These financial statements were approved by the board of directors and authorised for issue on 16 December 2020 , and are signed on behalf of the board by:
M.A. Olivares-Alvarez
Director
Company registration number: 03320872
The company is a private company limited by shares, registered in England and Wales.
Olivaris Limited
Management Information
Year ended 31 March 2020
The following pages do not form part of the financial statements.
Olivaris Limited
Chartered Certified Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Olivaris Limited
Year ended 31 March 2020
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Olivaris Limited for the year ended 31 March 2020, which comprise the income statement, statement of financial position and the notes to the financial statements from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html. This report is made solely to the director of Olivaris Limited in accordance with the terms of our engagement letter dated 24 April 2012. Our work has been undertaken solely to prepare for your approval the financial statements of Olivaris Limited and state those matters that we have agreed to state to you in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Olivaris Limited and its director for our work or for this report.
It is your duty to ensure that Olivaris Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Olivaris Limited. You consider that Olivaris Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Olivaris Limited. 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 statutory financial statements.
Layton Train Ltd Chartered Certified Accountants
1 Town Quay Wharf Abbey Road Barking EssexIG11 7BZ
16 December 2020