Olephant Limited - Abbreviated accounts 16.3

Olephant Limited - Abbreviated accounts 16.3

OLEPHANT LIMITED - Company Information

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REGISTERED NUMBER: 05422077 (England and Wales)















Abbreviated Unaudited Accounts

For The Year Ended 30th September 2016

for

Olephant Limited

Olephant Limited (Registered number: 05422077)






Contents of the Abbreviated Accounts
For The Year Ended 30th September 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Olephant Limited

Company Information
For The Year Ended 30th September 2016







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
30th September 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 - -
Tangible assets 3 320,539 301,124
Investments 4 130,766 75,000
451,305 376,124

CURRENT ASSETS
Debtors 682,445 361,300
Cash at bank and in hand 96,180 150,599
778,625 511,899
CREDITORS
Amounts falling due within one year 687,039 629,493
NET CURRENT ASSETS/(LIABILITIES) 91,586 (117,594 )
TOTAL ASSETS LESS CURRENT LIABILITIES 542,891 258,530

CREDITORS
Amounts falling due after more than one year 275,168 190,178
NET ASSETS 267,723 68,352

CAPITAL AND RESERVES
Called up share capital 5 1 1
Profit and loss account 267,722 68,351
SHAREHOLDERS' FUNDS 267,723 68,352

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2016 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 30th June 2017 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 30th September 2016

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 1st October 2015
and 30th September 2016 250,000
AMORTISATION
At 1st October 2015
and 30th September 2016 250,000
NET BOOK VALUE

At 30th September 2016 -
At 30th September 2015 -

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1st October 2015 326,868
Additions 21,817
At 30th September 2016 348,685
DEPRECIATION
At 1st October 2015 25,744
Charge for year 2,402
At 30th September 2016 28,146
NET BOOK VALUE
At 30th September 2016 320,539
At 30th September 2015 301,124

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

Notes to the Abbreviated Accounts - continued
For The Year Ended 30th September 2016

4. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
At 1st October 2015 75,000
Additions 55,766
At 30th September 2016 130,766
NET BOOK VALUE
At 30th September 2016 130,766
At 30th September 2015 75,000

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
1 Ordinary £1 1 1

6. CLIENT MONIES HELD

At 30 September 2016, the company held £1,972,483 (2015: £358,270.50) on behalf of its clients.

Page 4