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Unaudited Financial Statements |
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for the Year Ended 30 September 2019 |
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OLIVELLE & ASSOCIATES LIMITED |
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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 30 September 2019 |
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for |
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OLIVELLE & ASSOCIATES LIMITED |
OLIVELLE & ASSOCIATES LIMITED (REGISTERED NUMBER: 06047030) |
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Contents of the Financial Statements |
for the Year Ended 30 September 2019 |
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Page |
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Company Information | 1 |
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Chartered Accountants' Report | 2 |
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Abridged Balance Sheet | 3 | to | 4 |
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Notes to the Financial Statements | 5 | to | 6 |
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OLIVELLE & ASSOCIATES LIMITED |
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Company Information |
for the Year Ended 30 September 2019 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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The Innovation Centre |
Treliske |
Truro |
Cornwall |
TR1 3FF |
Chartered Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
Olivelle & Associates Limited |
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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. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your |
approval the financial statements of Olivelle & Associates Limited for the year ended 30th September 2017 |
which comprise the Statement of Comprehensive Income, Abridged Balance Sheet and the related notes |
from the company's accounting records and from information and explanations you have given us. |
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As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW) practice |
assurance scheme, 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. |
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This report is made solely to the Board of Directors of Olivelle & Associates 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 Olivelle & Associates Limited and state those matters that we have |
agreed to state to the Board of Directors of Olivelle & Associates 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 Olivelle & Associates Limited Board of Directors, as a |
body, for our work or for this report. |
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It is your duty to ensure that Olivelle & Associates 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 Olivelle & Associates Limited. You consider that Olivelle & Associates Limited is exempt from |
the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of Olivelle & |
Associates 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. |
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The Innovation Centre |
Treliske |
Truro |
Cornwall |
TR1 3FF |
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OLIVELLE & ASSOCIATES LIMITED (REGISTERED NUMBER: 06047030) |
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Abridged Balance Sheet |
30 September 2019 |
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2019 | 2018 |
as restated |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Debtors |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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( |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS/(LIABILITIES) |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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( |
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SHAREHOLDERS' FUNDS |
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( |
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OLIVELLE & ASSOCIATES LIMITED (REGISTERED NUMBER: 06047030) |
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Abridged Balance Sheet - continued |
30 September 2019 |
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The directors acknowledge their responsibilities for: |
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ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the
Companies Act 2006 and |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
behalf by: |
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OLIVELLE & ASSOCIATES LIMITED (REGISTERED NUMBER: 06047030) |
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Notes to the Financial Statements |
for the Year Ended 30 September 2019 |
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1. | STATUTORY INFORMATION |
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Olivelle & Associates Limited is a
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Wales. The company's registered number and registered office address can be found on the |
Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover represents the total invoice value, excluding value added tax, of fee income received |
during the period. |
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Tangible fixed assets |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the balance sheet date. |
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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. |
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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. |
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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. |
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Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets |
and depreciated over the shorter of the lease term and their useful lives. Obligations under such |
agreements are included in creditors net of the finance charge allocated to future periods. The |
finance element of the rental payment is charged to the profit and loss account so as to produce |
constant periodic rates of charge on the net obligations outstanding in each period. |
OLIVELLE & ASSOCIATES LIMITED (REGISTERED NUMBER: 06047030) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 September 2019 |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was NIL (2018 -
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4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 October 2018 |
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Additions |
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At 30 September 2019 |
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DEPRECIATION |
At 1 October 2018 |
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Charge for year |
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At 30 September 2019 |
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NET BOOK VALUE |
At 30 September 2019 |
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At 30 September 2018 |
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Included within the above are assets held under finance leases as follows: |
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2019 | 2018 |
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Net Book
Value |
Depreciatio
n Charge |
Net Book
Value |
Depreciatio
n Charge |
£ | £ | £ | £ |
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Surgery equipment | NIL | NIL | 6183 | 4396 |
Office equipment | NIL | NIL | NIL | NIL |
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Included within the above are assets held under hire purchase contracts as follows: |
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2019 | 2018 |
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Net Book
Value |
Depreciati
on Charge |
Net Book
Value |
Depreciatio
n Charge |
£ | £ | £ | £ |
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Surgery equipment | NIL | NIL | 85356 | 11003 |
Office equipment | NIL | NIL | NIL | NIL |