Olivers Plants (Farms) Limited,Ltd - AccountsLtd - Accounts

Olivers Plants (Farms) Limited,Ltd - AccountsLtd - Accounts

OLIVERS ENTERPRISES LIMITED - Company Information

Print Friendly Version

2021-02-01 07953429 2022-01-31 07953429 2021-02-01 2022-01-31 07953429 2021-01-31 07953429 2020-02-01 2021-01-31 07953429 uk-core:WithinOneYear 2021-01-31 07953429 uk-core:WithinOneYear 2022-01-31 07953429 uk-core:AfterOneYear 2021-01-31 07953429 uk-core:AfterOneYear 2022-01-31 07953429 uk-core:ShareCapital 2022-01-31 07953429 uk-core:ShareCapital 2021-01-31 07953429 uk-core:RetainedEarningsAccumulatedLosses 2022-01-31 07953429 uk-core:RetainedEarningsAccumulatedLosses 2021-01-31 07953429 uk-bus:Director1 2021-02-01 2022-01-31 07953429 uk-core:Buildings 2021-02-01 2022-01-31 07953429 uk-core:PlantMachinery 2021-02-01 2022-01-31 07953429 uk-core:WithinOneYear uk-core:Secured 2022-01-31 07953429 uk-core:WithinOneYear uk-core:Secured 2021-01-31 07953429 uk-core:AfterOneYear 2021-02-01 2022-01-31 iso4217:GBP xbrli:pure 07953429 uk-bus:AuditExemptWithAccountantsReport 2021-02-01 2022-01-31 07953429 uk-bus:FRS102 2021-02-01 2022-01-31 07953429 uk-bus:FullAccounts 2021-02-01 2022-01-31 07953429 uk-bus:PrivateLimitedCompanyLtd 2021-02-01 2022-01-31
Olivers Plants (Farms) Limited
Registered Number:07953429
For the year ended 31 January 2022
England and Wales
Unaudited Financial Statements
2
For the year ended 31 January 2022
Olivers Plants (Farms) Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
07953429
As at 31 January 2022
Olivers Plants (Farms) Limited
Statement of Financial Position
£
£
2021
2022
Notes
Fixed assets
Property, plant and equipment
417,224
370,755
417,224
370,755
Current assets
Inventories
7,200
20,000
2
Trade and other receivables
1,569
33,832
3
(5,804)
Cash and cash equivalents
306
54,138
2,965
Trade and other payables: amounts falling due within one year
(380,053)
(7,633)
4
(377,088)
46,505
Net current assets
Total assets less current liabilities
463,729
(6,333)
Trade and other payables: amounts falling due after more than
one year
(12,438)
(548,179)
5
(84,450)
Net liabilities
(18,771)
Capital and reserves
Called up share capital
2
2
Retained earnings
(84,452)
(18,773)
(84,450)
(18,771)
Shareholders' funds
For the year ended 31 January 2022 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 of its financial statements for the year ended 31 January 2022 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Oliver Harold Wass Director
These financial statements were approved and authorised for issue by the Board on 25 October 2022 and were signed by:
1 of 4
4
Registered Number :
07953429
For the year ended 31 January 2022
Olivers Plants (Farms) Limited
Statement of Financial Position Continued
The notes form part of these financial statements
2 of 4
5
For the year ended 31 January 2022
Olivers Plants (Farms) Limited
Notes to the Financial Statements
Statutory Information
Olivers Plants (Farms) Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 07953429.
Registered address:
Broomfield Farm Nurseries
Coggeshall Road
Earls Colne
Essex
CO6 2JX
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting
Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006.
The financial statements have been prepared under the historical costs convention as modified by the revaluation of certain
assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings
5% Straight line
Plant and Machinery
20% Reducing balance
2. Inventories
2021
2022
£
£
Stocks
20,000
7,200
3. Trade and other receivables
2021
2022
£
£
Trade debtors
2,940
1,569
Other debtors
30,892
-
1,569
33,832
3 of 4
6
For the year ended 31 January 2022
Olivers Plants (Farms) Limited
Notes to the Financial Statements Continued
4. Trade and other payables: amounts falling due within one year
2021
2022
£
£
Bank loans and overdraft (secured)
2,700
1,062
Trade creditors
3,283
21,172
Amounts owed to group undertaking and undertaking in which the company
has a participating interest
-
277,187
Taxation and social security
-
1,046
Other creditors
1,650
79,586
7,633
380,053
5. Trade and other payables: amounts falling due after more than one year
2021
2022
£
£
Bank loans and overdraft (secured)
9,675
12,438
Amounts owed to group undertaking and undertaking in which the company
has a participating interest
438,427
-
Other creditors
100,077
-
548,179
12,438
A BBil was taken out during the YE 31/01/2021. Repayments commenced on 1/09/2021. Loan is due to repaid in full on 31/08/2026
6. Average number of persons employed
During the year the average number of employees was 0 (2021 : 1)
4 of 4