OLIVER CHARLES LTD

Company Registration Number:
10442845 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2022

Period of accounts

Start date: 01 January 2022

End date: 31 December 2022

OLIVER CHARLES LTD

Contents of the Financial Statements

for the Period Ended 31 December 2022

Balance sheet
Notes

OLIVER CHARLES LTD

Balance sheet

As at 31 December 2022


Notes

2022

2021


£

£
Fixed assets
Intangible assets: 3 5,000 5,000
Tangible assets: 4 22,801 27,806
Total fixed assets: 27,801 32,806
Current assets
Stocks: 95,445 87,984
Debtors:   36,961 34,852
Cash at bank and in hand: 4,900 8,911
Total current assets: 137,306 131,747
Creditors: amounts falling due within one year:   (66,810) (194,910)
Net current assets (liabilities): 70,496 (63,163)
Total assets less current liabilities: 98,297 (30,357)
Creditors: amounts falling due after more than one year:   (195,897) (6,400)
Total net assets (liabilities): (97,600) (36,757)
Capital and reserves
Called up share capital: 1 1
Profit and loss account: (97,601) (36,758)
Shareholders funds: (97,600) (36,757)

The notes form part of these financial statements

OLIVER CHARLES LTD

Balance sheet statements

For the year ending 31 December 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 06 November 2023
and signed on behalf of the board by:

Name: Mr Steven Michael Neath
Status: Director

The notes form part of these financial statements

OLIVER CHARLES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

OLIVER CHARLES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

2. Employees

2022 2021
Average number of employees during the period 8 10

OLIVER CHARLES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

3. Intangible Assets

Total
Cost £
At 01 January 2022 5,000
At 31 December 2022 5,000
Net book value
At 31 December 2022 5,000
At 31 December 2021 5,000

OLIVER CHARLES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

4. Tangible Assets

Total
Cost £
At 01 January 2022 42,810
At 31 December 2022 42,810
Depreciation
At 01 January 2022 15,004
Charge for year 5,005
At 31 December 2022 20,009
Net book value
At 31 December 2022 22,801
At 31 December 2021 27,806

OLIVER CHARLES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

5. Related party transactions

The Company is controlled by Mr Steven Michael Neath, the Company's Managing director. It is confirmed that Director's current account is debited with personal transactions and credited with remuneration as well as Dividends.