O L E (UK) Limited - Accounts to registrar (filleted) - small 18.2

O L E (UK) Limited - Accounts to registrar (filleted) - small 18.2

O.L.E. (UK) LIMITED - Company Information

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REGISTERED NUMBER: 04146280 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2019

FOR

O L E (UK) LIMITED
O L E (UK) LIMITED (REGISTERED NUMBER: 04146280)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2019










Page

Company Information 1

Chartered Accountants' Report 2

Abridged Balance Sheet 3

Notes to the Financial Statements 5


O L E (UK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2019







DIRECTORS: N S Lambourn
F M Lambourn





SECRETARY: F M Lambourn





REGISTERED OFFICE: Barns A & B Bowley Farm Estate
Bowley Lane
South Mundham
Chichester
West Sussex
PO20 1NB





REGISTERED NUMBER: 04146280 (England and Wales)





ACCOUNTANTS: Rothman Pantall LLP
Chartered Accountants
Fareham House
69 High Street
Fareham
Hampshire
PO16 7BB
Page 1
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
O L E (UK) LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited
financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet.
Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are
not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial
statements of O L E (UK) Limited for the year ended 31st March 2019 which comprise the Statement of Income and Retained
Earnings, Abridged Balance Sheet and the related notes from the company's accounting records and from information and
explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of O L E (UK) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of O L E (UK) Limited and state those matters that we have agreed to state to the Board of Directors of O L E (UK) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than O L E (UK) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that O L E (UK) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of O L E (UK) Limited. You consider that O L E (UK) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of O L E (UK) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Rothman Pantall LLP
Chartered Accountants
Fareham House
69 High Street
Fareham
Hampshire
PO16 7BB


26th July 2019

This page does not form part of the statutory financial statements

Page 2
O L E (UK) LIMITED (REGISTERED NUMBER: 04146280)

ABRIDGED BALANCE SHEET
31ST MARCH 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,572 10,560

CURRENT ASSETS
Stocks 138,187 88,862
Debtors 274,464 182,033
Cash at bank 287,723 300,191
700,374 571,086
CREDITORS
Amounts falling due within one year 124,020 104,272
NET CURRENT ASSETS 576,354 466,814
TOTAL ASSETS LESS CURRENT LIABILITIES 586,926 477,374

PROVISIONS FOR LIABILITIES 928 832
NET ASSETS 585,998 476,542

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 585,898 476,442
SHAREHOLDERS' FUNDS 585,998 476,542

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 notes on pages 5 to 6 form part of these financial statements

Page 3
O L E (UK) LIMITED (REGISTERED NUMBER: 04146280)

ABRIDGED BALANCE SHEET - continued
31ST MARCH 2019


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st March 2019 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 26th July 2019 and were signed on its behalf by:





N S Lambourn - Director


The notes on pages 5 to 6 form part of these financial statements

Page 4
O L E (UK) LIMITED (REGISTERED NUMBER: 04146280)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2019


1. STATUTORY INFORMATION

O L E (UK) Limited is a private company, limited by shares , registered in England and Wales. The company's registered
number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value
added tax and other sales taxes.

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 - 33% on cost, 25% on reducing balance and 15% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing
stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent
that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively
enacted by the balance sheet date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in
which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been
enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be
recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2018 - 7 ) .

Page 5
O L E (UK) LIMITED (REGISTERED NUMBER: 04146280)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2019


4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st April 2018 37,747
Additions 3,723
At 31st March 2019 41,470
DEPRECIATION
At 1st April 2018 27,187
Charge for year 3,711
At 31st March 2019 30,898
NET BOOK VALUE
At 31st March 2019 10,572
At 31st March 2018 10,560

Page 6