Company Registration No. 07772413 (England and Wales)
Olive Tree Montessori Ltd
Unaudited accounts
for the period from 1 October 2019 to 31 March 2021
Olive Tree Montessori Ltd
Unaudited accounts
Contents
Olive Tree Montessori Ltd
Company Information
for the period from 1 October 2019 to 31 March 2021
Directors
Zahid Hussain Amin
Saher Iqbal
Company Number
07772413 (England and Wales)
Registered Office
SUIT 23
95 MILES ROAD
MITCHAM
CR4 3FH
ENGLAND
Olive Tree Montessori Ltd
Statement of financial position
as at 31 March 2021
Tangible assets
19,714
12,227
Cash at bank and in hand
85,486
39,863
Creditors: amounts falling due within one year
(15,929)
(4,833)
Net current assets
74,557
35,030
Total assets less current liabilities
94,271
47,257
Creditors: amounts falling due after more than one year
(50,000)
-
Called up share capital
2
2
Profit and loss account
44,269
47,255
Shareholders' funds
44,271
47,257
For the period ending 31 March 2021 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 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 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 of Directors and authorised for issue on 4 December 2021 and were signed on its behalf by
Zahid Hussain Amin
Director
Company Registration No. 07772413
Olive Tree Montessori Ltd
Notes to the Accounts
for the period from 1 October 2019 to 31 March 2021
Olive Tree Montessori Ltd is a private company, limited by shares, registered in England and Wales, registration number 07772413. The registered office is SUIT 23, 95 MILES ROAD, MITCHAM, CR4 3FH, ENGLAND.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Fixtures & fittings
Depreciation 25% Reducing Balance
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
At the time of approval of financial statements, following the period of lockdown brought about by the COVID-19 pandemic, the UK government is continuing with its plan to ease restrictions. Management continues to monitor trading activity and has reasonable expectations that the entity has the adequate resource to continue its operational existence for the foreseeable future. The entity, therefore, continues to adopt the going concern basis in preparing its financial statements.
Olive Tree Montessori Ltd
Notes to the Accounts
for the period from 1 October 2019 to 31 March 2021
4
Tangible fixed assets
Fixtures & fittings
Charge for the period
9,189
At 30 September 2019
12,227
5
Debtors: amounts falling due within one year
2021
2019
6
Creditors: amounts falling due within one year
2021
2019
Taxes and social security
11,931
4,778
Loans from directors
4,021
(895)
7
Creditors: amounts falling due after more than one year
2021
2019
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
9
Transactions with related parties
The company is controlled by Mr Zahid Hussain Amin, the company's Managing Director. It is confirmed that the director's current account is debited with the personal transactions and credited with the Remuneration and Dividend.
10
Average number of employees
During the period the average number of employees was 8 (2019: 9).
