OLIVE BANQUET LTD - Accounts

2022-08-01 2023-07-31 false Capium Accounts Production 1.1 12752859 bus:AbridgedAccounts 2022-08-01 2023-07-31 12752859 bus:FRS102 2022-08-01 2023-07-31 12752859 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 12752859 bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 12752859 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 12752859 2022-08-01 2023-07-31 12752859 2023-07-31 12752859 bus:RegisteredOffice 2022-08-01 2023-07-31 12752859 core:WithinOneYear 2023-07-31 12752859 core:AfterOneYear 2023-07-31 12752859 bus:Director1 2022-08-01 2023-07-31 12752859 bus:Director1 2023-07-31 12752859 bus:Director1 2021-08-01 2022-07-31 12752859 2021-08-01 12752859 bus:CompanySecretary1 2022-08-01 2023-07-31 12752859 bus:LeadAgentIfApplicable 2022-08-01 2023-07-31 12752859 2021-08-01 2022-07-31 12752859 2022-07-31 12752859 core:WithinOneYear 2022-07-31 12752859 core:AfterOneYear 2022-07-31 12752859 bus:EntityAccountantsOrAuditors 2021-08-01 2022-07-31 12752859 bus:OrdinaryShareClass1 2022-08-01 2023-07-31 12752859 bus:OrdinaryShareClass1 2023-07-31 12752859 bus:OrdinaryShareClass1 2021-08-01 2022-07-31 12752859 bus:OrdinaryShareClass1 2022-07-31 12752859 core:PlantMachinery 2022-08-01 2023-07-31 12752859 core:PlantMachinery 2023-07-31 12752859 core:PlantMachinery 2022-07-31 12752859 core:MotorCars 2022-08-01 2023-07-31 12752859 core:MotorCars 2023-07-31 12752859 core:MotorCars 2022-07-31 12752859 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-07-31 12752859 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2022-07-31 12752859 core:CostValuation core:Non-currentFinancialInstruments 2023-07-31 12752859 core:CostValuation core:Non-currentFinancialInstruments 2022-07-31 12752859 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-07-31 12752859 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2023-07-31 12752859 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2023-07-31 12752859 core:Non-currentFinancialInstruments 2023-07-31 12752859 core:Non-currentFinancialInstruments 2022-07-31 12752859 core:ShareCapital 2023-07-31 12752859 core:ShareCapital 2022-07-31 12752859 core:RetainedEarningsAccumulatedLosses 2023-07-31 12752859 core:RetainedEarningsAccumulatedLosses 2022-07-31 12752859 dpl:Item1 2022-08-01 12752859 dpl:Item1 2023-07-31 12752859 dpl:Item1 2021-08-01 12752859 dpl:Item1 2022-07-31 iso4217:GBP xbrli:shares xbrli:pure

Registered Number: 12752859

England and Wales

OLIVE BANQUET LTD

Abridged Accounts

Period of accounts

Start date: 01 August 2022

End date: 31 July 2023

OLIVE BANQUET LTD
Contents Page
For the year ended 31 July 2023

Statement of financial position	1
Notes to the financial statements	2

OLIVE BANQUET LTD
Statement of Financial Position
As at 31 July 2023

	Notes	2023 £	2022 £
Fixed assets
Tangible fixed assets	3	32,192	39,383
		32,192	39,383
Current assets
Stocks		4,500	4,800
Debtors		59,194	111,915
Cash at bank and in hand		12,936	10,944
		76,630	127,659
Creditors: amount falling due within one year		(106,291)	(125,344)
Net current assets		(29,661)	2,315

Total assets less current liabilities		2,531	41,698
Net assets		2,531	41,698

Capital and reserves
Called up share capital	4	300	300
Profit and loss account		2,231	41,398
Shareholder's funds		2,531	41,698

For the year ended 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

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

The financial statements were approved by the director on 30 April 2024 and were signed by:

-------------------------------
Vino Mathew
Director

OLIVE BANQUET LTD
Notes to the Abridged Financial Statements
For the year ended 31 July 2023

General Information

OLIVE BANQUET LTD is a private company, limited by shares, registered in England and Wales, registration number 12752859, registration address 7 Edgecotts, Basildon, Essex, SS16 5SN.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Tangible fixed assets

Tangible fixed assets, 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:

Plant and machinery

20% Reducing Balance

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 12 (2022 : 18).

Tangible fixed assets

Cost or valuation	Plant and machinery etc	Total
	£	£
At 01 August 2022	44,906	44,906
Additions	857	857
Disposals	-	-
At 31 July 2023	45,763	45,763
Depreciation
At 01 August 2022	5,523	5,523
Charge for year	8,048	8,048
On disposals	-	-
At 31 July 2023	13,571	13,571
Net book values
Closing balance as at 31 July 2023	32,192	32,192
Opening balance as at 01 August 2022	39,383	39,383

Share Capital

Allotted, called up and fully paid	2023 £		2022 £
300 Class A shares of £1.00 each	300		300
	300		300