Company Registration No. 07693231 (England and Wales)
OLA Asia Ltd
Unaudited accounts
for the year ended 5 August 2020
OLA Asia Ltd
Unaudited accounts
Contents
OLA Asia Ltd
Company Information
for the year ended 5 August 2020
Company Number
07693231 (England and Wales)
Registered Office
6
Howell Close
Bracknell
RG42 2QP
Accountants
QP Accountants Ltd
97 Shelley Crescent
Hounslow
MIDDLESEX
TW5 9BH
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of OLA Asia Ltd for the year ended 5 August 2020
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
OLA Asia Ltd for the year ended
5 August 2020 as set out on pages
5 -
7 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 at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
QP Accountants Ltd
Chartered Accountants
97 Shelley Crescent
Hounslow
MIDDLESEX
TW5 9BH
4 May 2021
OLA Asia Ltd
Statement of financial position
as at
5 August 2020
Cash at bank and in hand
7,200
8,561
Creditors: amounts falling due within one year
(11,840)
(20,332)
Net current liabilities
(4,451)
(11,467)
Net liabilities
(4,451)
(11,467)
Called up share capital
1
1
Profit and loss account
(4,452)
(11,468)
Shareholders' funds
(4,451)
(11,467)
For the year ending 5 August 2020 the company was entitled to exemption from audit 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 director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 4 May 2021 and were signed on its behalf by
Yu Sheng
Director
Company Registration No. 07693231
OLA Asia Ltd
Notes to the Accounts
for the year ended 5 August 2020
OLA Asia Ltd is a private company, limited by shares, registered in England and Wales, registration number 07693231. The registered office is 6, Howell Close, Bracknell, RG42 2QP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% straight line basis
4
Tangible fixed assets
Computer equipment
Cost or valuation
At cost
5
Debtors: amounts falling due within one year
2020
2019
OLA Asia Ltd
Notes to the Accounts
for the year ended 5 August 2020
6
Creditors: amounts falling due within one year
2020
2019
Taxes and social security
465
-
Loans from directors
11,363
20,322
7
Average number of employees
During the year the average number of employees was 1 (2019: 0).