OLIVER CHESHIRE LTD
Registered number: 09494701
Balance Sheet
as at 31 March 2022
Notes 2022 2021
£ £
Current assets
Debtors 4 102,800 41,400
Cash at bank and in hand 1,865 13,869
104,665 55,269
Creditors: amounts falling due within one year 5 (93,630) (71,425)
Net current assets/(liabilities) 11,035 (16,156)
Net assets/(liabilities) 11,035 (16,156)
Capital and reserves
Called up share capital 1 1
Profit and loss account 11,034 (16,157)
Shareholder's funds 11,035 (16,156)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
.............................
Oliver Cheshire
Director
Approved by the director on 18 July 2022
OLIVER CHESHIRE LTD
Notes to the Accounts
for the year ended 31 March 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
2 Taxation 2022 2021
£ £
Corporation Tax 6,485 10,552
Under (Over) Provision in Prior Year 458 -
6,943 10,552
3 Employees 2022 2021
Number Number
Average number of persons employed by the company 1 1
4 Debtors 2022 2021
£ £
Trade debtors 12,800 11,400
Other debtors 90,000 30,000
102,800 41,400
5 Creditors: amounts falling due within one year 2022 2021
£ £
Bank loans and overdrafts 38,760 40,000
Director's account 44,406 -
Corporation tax 6,485 25,445
VAT 1,479 2,480
Other creditors 2,500 3,500
93,630 71,425
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