Abbreviated Company Accounts - OLIVITS LTD.

Abbreviated Company Accounts - OLIVITS LTD.


Registered Number 07891467

OLIVITS LTD.

Abbreviated Accounts

31 December 2015

OLIVITS LTD. Registered Number 07891467

Abbreviated Balance Sheet as at 31 December 2015

Notes 2015 2014
£ £
Called up share capital not paid - -
Current assets
Cash at bank and in hand 66 458
66 458
Creditors: amounts falling due within one year (15,449) (2,578)
Net current assets (liabilities) (15,383) (2,120)
Total assets less current liabilities (15,383) (2,120)
Total net assets (liabilities) (15,383) (2,120)
Capital and reserves
Called up share capital 1 1
Profit and loss account (15,384) (2,121)
Shareholders' funds (15,383) (2,120)
  • For the year ending 31 December 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 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 15 August 2016

And signed on their behalf by:
UZAIR YOUSAF, Director

OLIVITS LTD. Registered Number 07891467

Notes to the Abbreviated Accounts for the period ended 31 December 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention and comply with financial
reporting standards of the Accounting Standards Board.
The company has taken advantage of the exemption in FRS1 from the requirement to produce a
cashflow statement because it is a small company.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.
The total turnover of the company for the year has been derived from its principal activity wholly
undertaken in the UK.