Olivedon Ltd - Accounts to registrar (filleted) - small 23.2.5

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REGISTERED NUMBER: 06125090 (England and Wales)

Financial Statements

for the Year Ended 29 February 2024

for

Olivedon Ltd

Page

Company Information

Accountants' Report

Balance Sheet

Notes to the Financial Statements

DIRECTORS:

J M Bolland

K Bolton

J Ka Yin Wong

B Jones

F M Anderson

A J Johnson

REGISTERED OFFICE:

The Catalyst

Baird Lane

York

North Yorkshire

YO10 5GA

REGISTERED NUMBER:

06125090 (England and Wales)

ACCOUNTANTS:

GCSD Accountants Limited

701 Stonehouse Park

Sperry Way

Stonehouse

Gloucestershire

GL10 3UT

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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements and state those matters that we have agreed to state to the Board of Directors, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that the Company 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. You consider that the Company is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of the Company. 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.

GCSD Accountants Limited

29 April 2024

FIXED ASSETS

Tangible assets

1,250

3,059

CURRENT ASSETS

Debtors

156,308

116,853

Cash at bank

276,994

402,595

433,302

519,448

CREDITORS

Amounts falling due within one year

346,054

387,396

NET CURRENT ASSETS

87,248

132,052

TOTAL ASSETS LESS CURRENT
LIABILITIES

88,498

135,111

CREDITORS

Amounts falling due after more than
one year

12,969

23,110

NET ASSETS

75,529

112,001

CAPITAL AND RESERVES

Called up share capital

2,315

Share premium

54,794

Retained earnings

18,420

54,892

SHAREHOLDERS' FUNDS

75,529

112,001

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps 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 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.

The 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 April 2024 and were signed on its behalf by:

J M Bolland - Director

1.	STATUTORY INFORMATION

Olivedon Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

25% on cost

Computer equipment

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 16 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

COST

At 1 March 2023

32,775

Additions

583

Disposals

(24,029

)

At 29 February 2024

9,329

DEPRECIATION

At 1 March 2023

29,716

Charge for year

2,381

Eliminated on disposal

(24,018

)

At 29 February 2024

8,079

NET BOOK VALUE

At 29 February 2024

1,250

At 28 February 2023

3,059

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

Trade debtors

142,777

112,771

Other debtors

13,531

4,082

156,308

116,853

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

Bank loans and overdrafts

10,186

9,936

Trade creditors

2,994

Taxation and social security

71,758

80,998

Other creditors

261,116

296,462

346,054

387,396

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

Bank loans

12,969

23,110