OLIVERS PLANTS LIMITED

OLIVERS PLANTS LIMITED

OLIVERS PLANTS LIMITED - Company Information

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OLIVERS PLANTS LIMITED

Company Registration Number:
06487691 (England and Wales)

Unaudited abridged accounts for the year ended 31 January 2020

Period of accounts

Start date: 01 February 2019

End date: 31 January 2020

OLIVERS PLANTS LIMITED

Contents of the Financial Statements

for the Period Ended 31 January 2020

Balance sheet
Notes

OLIVERS PLANTS LIMITED

Balance sheet

As at 31 January 2020


Notes
2020
2019


£
£
Fixed assets
Tangible assets: 3 90,093 83,965
Total fixed assets: 90,093 83,965
Current assets
Stocks: 120,000 100,000
Debtors:   162,661 156,506
Cash at bank and in hand: 6,223 7,432
Total current assets: 288,884 263,938
Creditors: amounts falling due within one year: 4 (123,963) (151,341)
Net current assets (liabilities): 164,921 112,597
Total assets less current liabilities: 255,014 196,562
Creditors: amounts falling due after more than one year: 5 (98,080) (106,965)
Provision for liabilities: (89,876)
Total net assets (liabilities): 67,058 89,597
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 67,056 89,595
Shareholders funds: 67,058 89,597

The notes form part of these financial statements

OLIVERS PLANTS LIMITED

Balance sheet statements

For the year ending 31 January 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 31 October 2020
and signed on behalf of the board by:

Name: Oliver Harold Wass
Status: Director

The notes form part of these financial statements

OLIVERS PLANTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 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

OLIVERS PLANTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2020

2. Employees

2020 2019
Average number of employees during the period 13 12

OLIVERS PLANTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2020

3. Tangible Assets

Total
Cost £
At 01 February 2019 138,181
Additions 9,969
Disposals (1,150)
At 31 January 2020 147,000
Depreciation
At 01 February 2019 54,216
Charge for year 3,643
On disposals (952)
At 31 January 2020 56,907
Net book value
At 31 January 2020 90,093
At 31 January 2019 83,965

OLIVERS PLANTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2020

4. Creditors: amounts falling due within one year note

Bank loans are owed solely to Barclays Bank, guaranteed by O H Wass.

OLIVERS PLANTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2020

5. Creditors: amounts falling due after more than one year note

Bank loans are owed solely to Barclays Bank, guaranteed by O H Wass.

OLIVERS PLANTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2020

6. Related party transactions

Name of the related party: Olivers Plants (Farms) Limited
Relationship:
Both companies have the same controlling party, O H Wass.
Description of the Transaction: There is an intercompany loan;The company paid Olivers Plants Farms Limited rent of £14,400 during the year.
£
Balance at 01 February 2019 150,740
Balance at 31 January 2020 154,351