Olivers Enterprises Limited,Ltd - AccountsLtd - Accounts

Olivers Enterprises Limited,Ltd - AccountsLtd - Accounts

OLIVERS ENTERPRISES LIMITED - Company Information

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2023-02-01 07953429 2024-01-31 07953429 2023-02-01 2024-01-31 07953429 2023-01-31 07953429 2022-02-01 2023-01-31 07953429 uk-core:WithinOneYear 2023-01-31 07953429 uk-core:WithinOneYear 2024-01-31 07953429 uk-core:AfterOneYear 2023-01-31 07953429 uk-core:AfterOneYear 2024-01-31 07953429 uk-core:ShareCapital 2024-01-31 07953429 uk-core:ShareCapital 2023-01-31 07953429 uk-core:RetainedEarningsAccumulatedLosses 2024-01-31 07953429 uk-core:RetainedEarningsAccumulatedLosses 2023-01-31 07953429 uk-bus:Director1 2023-02-01 2024-01-31 07953429 uk-core:Buildings 2023-02-01 2024-01-31 07953429 uk-core:PlantMachinery 2023-02-01 2024-01-31 07953429 uk-core:PlantMachinery 2023-01-31 07953429 uk-core:Buildings 2023-01-31 07953429 uk-core:Buildings 2024-01-31 07953429 uk-core:PlantMachinery 2024-01-31 07953429 uk-core:WithinOneYear uk-core:Secured 2024-01-31 07953429 uk-core:WithinOneYear uk-core:Secured 2023-01-31 07953429 uk-core:WithinOneYear 2024-01-31 07953429 uk-core:WithinOneYear 2023-01-31 iso4217:GBP xbrli:pure 07953429 uk-bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 07953429 uk-bus:FRS102 2023-02-01 2024-01-31 07953429 uk-bus:FilletedAccounts 2023-02-01 2024-01-31 07953429 uk-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31
Olivers Enterprises Limited
Registered Number:07953429
For the year ended 31 January 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 January 2024
Olivers Enterprises Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
07953429
As at 31 January 2024
Olivers Enterprises Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
330,069
350,079
2
330,069
350,079
Current assets
Inventories
30,000
40,280
3
Trade and other receivables
30,260
11,873
4
11,101
Cash and cash equivalents
1,727
53,880
71,361
Trade and other payables: amounts falling due within one year
(10,014)
(63,888)
5
61,347
(10,008)
Net current liabilities
Total assets less current liabilities
320,061
411,426
Trade and other payables: amounts falling due after more than
one year
(556,147)
(567,009)
6
(246,948)
Net liabilities
(144,721)
Capital and reserves
Called up share capital
2
2
Retained earnings
(246,950)
(144,723)
(246,948)
(144,721)
Shareholders' funds
For the year ended 31 January 2024 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 2024 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 30 April 2024 and were signed by:
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4
Registered Number :
07953429
For the year ended 31 January 2024
Olivers Enterprises Limited
Statement of Financial Position Continued
The notes form part of these financial statements
2 of 4
5
For the year ended 31 January 2024
Olivers Enterprises Limited
Notes to the Financial Statements
Statutory Information
Olivers Enterprises 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. Property, plant and equipment
Total
Plant and
Machinery
Land and
Buildings
£
£
£
Cost or valuation
At 01 February 2023
709,209
256,436
452,773
83,361
13,350
70,011
Additions
At 31 January 2024
522,784
269,786
792,570
Provision for depreciation and impairment
At 01 February 2023
359,130
121,224
237,906
Charge for year
103,371
27,040
76,331
At 31 January 2024
462,501
148,264
314,237
At 31 January 2024
Net book value
208,547
121,522
330,069
At 31 January 2023
214,867
135,212
350,079
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6
For the year ended 31 January 2024
Olivers Enterprises Limited
Notes to the Financial Statements Continued
3. Inventories
2023
2024
£
£
Stocks
40,280
30,000
4. Trade and other receivables
2023
2024
£
£
Trade debtors
6,841
1,260
Other debtors
5,032
29,000
30,260
11,873
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft (secured)
8
-
Bank loans and overdraft
32,675
-
Trade creditors
29,555
-
Taxation and social security
-
8,364
Other creditors
1,650
1,650
63,888
10,014
6. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft (secured)
8,763
9,813
Amounts owed to group undertaking and undertaking in which the company
has a participating interest
446,244
433,275
Other creditors
112,002
113,059
567,009
556,147
7. Average number of persons employed
During the year the average number of employees was 1
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