OLENICK GLOBAL LTD

OLENICK GLOBAL LTD

OLENICK GLOBAL LTD - Company Information

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OLENICK GLOBAL LTD

Company Registration Number:
NI611669 (Northern Ireland)

Unaudited abridged accounts for the year ended 31 December 2020

Period of accounts

Start date: 01 January 2020

End date: 31 December 2020

OLENICK GLOBAL LTD

Contents of the Financial Statements

for the Period Ended 31 December 2020

Balance sheet
Notes

OLENICK GLOBAL LTD

Balance sheet

As at 31 December 2020


Notes
2020
2019


£
£
Fixed assets
Tangible assets: 3 66,204 85,739
Total fixed assets: 66,204 85,739
Current assets
Debtors:   456,900 269,830
Cash at bank and in hand: 74,706 39,084
Total current assets: 531,606 308,914
Creditors: amounts falling due within one year:   (77,312) (67,678)
Net current assets (liabilities): 454,294 241,236
Total assets less current liabilities: 520,498 326,975
Creditors: amounts falling due after more than one year:   (44,283)
Total net assets (liabilities): 476,215 326,975
Capital and reserves
Called up share capital: 936,222 936,222
Profit and loss account: (460,007) (609,247)
Shareholders funds: 476,215 326,975

The notes form part of these financial statements

OLENICK GLOBAL LTD

Balance sheet statements

For the year ending 31 December 2020 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 30 June 2021
and signed on behalf of the board by:

Name: C J Wilmot
Status: Director

The notes form part of these financial statements

OLENICK GLOBAL LTD

Notes to the Financial Statements

for the Period Ended 31 December 2020

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.

Tangible fixed assets and depreciation policy

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:Fixtures & fittings - 20% straight linePlant & equipment - 25% straight line

OLENICK GLOBAL LTD

Notes to the Financial Statements

for the Period Ended 31 December 2020

2. Employees

2020 2019
Average number of employees during the period 19 23

OLENICK GLOBAL LTD

Notes to the Financial Statements

for the Period Ended 31 December 2020

3. Tangible Assets

Total
Cost £
At 01 January 2020 124,146
Additions 5,501
At 31 December 2020 129,647
Depreciation
At 01 January 2020 38,407
Charge for year 25,036
At 31 December 2020 63,443
Net book value
At 31 December 2020 66,204
At 31 December 2019 85,739