Olimat Supply Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06987628 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2014

for

Olimat Supply Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Ms L Lawner

SECRETARY:

Miss M A Rooney

REGISTERED OFFICE:

5 Luke Street

London

EC2A 4PX

REGISTERED NUMBER:

06987628 (England and Wales)

ACCOUNTANTS:

Litchfields

5 Luke Street

London

EC2A 4PX

FIXED ASSETS

Intangible assets

2

176,000

208,217

CURRENT ASSETS

Debtors

121,920

87,530

Cash at bank and in hand

40,058

104,227

161,978

191,757

CREDITORS

Amounts falling due within one year

16,050

14,739

NET CURRENT ASSETS

145,928

177,018

TOTAL ASSETS LESS CURRENT LIABILITIES

321,928

385,235

CREDITORS

Amounts falling due after more than one year

373,906

446,826

NET LIABILITIES

(51,978

)

(61,591

)

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

(52,078

)

(61,691

)

SHAREHOLDERS' FUNDS

(51,978

)

(61,591

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 23 December 2014 and were signed by:

Ms L Lawner - Director

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 April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten years.

Deferred tax

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

sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

320,650

AMORTISATION

At 1 April 2013

112,433

Amortisation for year

32,217

At 31 March 2014

144,650

NET BOOK VALUE

At 31 March 2014

176,000

At 31 March 2013

208,217

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

100

Ordinary

1

100

100