Olivesky Ltd - Period Ending 2015-03-31

Ordinary shares of £1 each

OLIVESKY LTD - Company Information

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Registration number: 08926054

Olivesky Ltd

trading as Finley Design

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2015

AIMS Accountants for Business
Mark Ellis FCA
1 Ramsay Court
Kingfisher Way
Huntingdon
Cambridgeshire
PE29 6FY

Olivesky Ltd
trading as Finley Design
Contents

Abbreviated Balance Sheet

Notes to the Abbreviated Accounts

2 to 3

Olivesky Ltd
trading as Finley Design
(Registration number: 08926054)
Abbreviated Balance Sheet at 31 March 2015

	Note	2015 £
Current assets
Debtors		10,094
Cash at bank and in hand		7,647
		17,741
Creditors: Amounts falling due within one year		(17,507)
Net assets		234
Capital and reserves
Called up share capital	3	10
Profit and loss account		224
Shareholders' funds		234

For the year ending 31 March 2015 the company was entitled to exemption 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 22 December 2015

.........................................
Mr Neil Thomas
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Olivesky Ltd
trading as Finley Design
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Amortisation

Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Amortisation method and rate
Goodwill	100% in year of acquisition

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 2

Olivesky Ltd
trading as Finley Design
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

2	Fixed assets

	Intangible assets £	Total £
Cost
Additions	11,000	11,000
At 31 March 2015	11,000	11,000
Depreciation
Charge for the year	11,000	11,000
At 31 March 2015	11,000	11,000
Net book value
At 31 March 2015	-	-

3	Share capital

Allotted, called up and fully paid shares

New shares allotted

During the year 10 Ordinary having an aggregate nominal value of £10 were allotted for an aggregate consideration of £10.

Page 3