Olephant Limited - Abbreviated accounts 16.1

Olephant Limited - Abbreviated accounts 16.1

OLEPHANT LIMITED - Company Information

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REGISTERED NUMBER: 05422077 (England and Wales)















Abbreviated Unaudited Accounts For The Year Ended 30 September 2015

for

Olephant Limited

Olephant Limited (Registered number: 05422077)






Contents of the Abbreviated Accounts
For The Year Ended 30 September 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Olephant Limited

Company Information
For The Year Ended 30 September 2015







DIRECTOR: J Mugerwa





REGISTERED OFFICE: Fifth Floor
4 Snow Hill
London
EC1A 2DJ





REGISTERED NUMBER: 05422077 (England and Wales)





ACCOUNTANTS: Dua & Co. Limited
3 Century Court
Tolpits Lane
Watford
Hertfordshire
WD18 9RS
Page 1
Olephant Limited (Registered number: 05422077)

Abbreviated Balance Sheet
30 September 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 - 25,000
Tangible assets 3 301,124 301,476
Investments 4 75,000 75,000
376,124 401,476

CURRENT ASSETS
Debtors 420,083 144,343
Cash at bank and in hand 150,599 251,095
570,682 395,438
CREDITORS
Amounts falling due within one year 547,525 727,732
NET CURRENT ASSETS/(LIABILITIES) 23,157 (332,294 )
TOTAL ASSETS LESS CURRENT LIABILITIES 399,281 69,182

CAPITAL AND RESERVES
Called up share capital 5 1 1
Profit and loss account 399,280 69,181
SHAREHOLDERS' FUNDS 399,281 69,182

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and
of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the
requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the director on 30 June 2016 and were signed by:





J Mugerwa - Director


The notes form part of these abbreviated accounts

Page 2
Olephant Limited (Registered number: 05422077)

Notes to the Abbreviated Accounts
For The Year Ended 30 September 2015

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting
Standard for Smaller Entities (effective January 2015).

Turnover
Turnover represents net invoiced sale of services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc - 25% on reducing balance

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to
the profit and loss account in the period to which they relate.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 October 2014
and 30 September 2015 250,000
AMORTISATION
At 1 October 2014 225,000
Amortisation for year 25,000
At 30 September 2015 250,000
NET BOOK VALUE

At 30 September 2015 -
At 30 September 2014 25,000

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 October 2014 324,344
Additions 2,524
At 30 September 2015 326,868
DEPRECIATION
At 1 October 2014 22,868
Charge for year 2,876
At 30 September 2015 25,744
NET BOOK VALUE
At 30 September 2015 301,124
At 30 September 2014 301,476

Page 3 continued...
Olephant Limited (Registered number: 05422077)

Notes to the Abbreviated Accounts - continued
For The Year Ended 30 September 2015

4. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
At 1 October 2014
and 30 September 2015 75,000
NET BOOK VALUE
At 30 September 2015 75,000
At 30 September 2014 75,000

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
1 Ordinary £1 1 1

6. CLIENT MONIES HELD

At 30 September 2015, the company held £358,270.50 (2014: ££172,094.87) on behalf of its clients.

Page 4