IRIS Accounts Production v23.3.1.45 03502825 Board of Directors 1.7.22 30.6.23 30.6.23 false true false false true false A Ordinary shares 1.00000 B ordinary shares 1.00000 C ordinary shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh035028252022-06-30035028252023-06-30035028252022-07-012023-06-30035028252021-06-30035028252021-07-012022-06-30035028252022-06-3003502825ns10:Originalns15:EnglandWales2022-07-012023-06-3003502825ns14:PoundSterlingns10:Original2022-07-012023-06-3003502825ns10:Originalns10:Director12022-07-012023-06-3003502825ns10:Original2022-07-012023-06-3003502825ns10:Original2023-06-3003502825ns10:Originalns10:PrivateLimitedCompanyLtd2022-07-012023-06-3003502825ns10:Originalns10:SmallEntities2022-07-012023-06-3003502825ns10:Originalns10:AuditExempt-NoAccountantsReport2022-07-012023-06-3003502825ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-07-012023-06-3003502825ns10:SmallCompaniesRegimeForAccountsns10:Original2022-07-012023-06-3003502825ns10:Originalns10:FullAccounts2022-07-012023-06-3003502825ns10:Originalns10:OrdinaryShareClass12022-07-012023-06-3003502825ns10:Originalns10:OrdinaryShareClass22022-07-012023-06-3003502825ns10:OrdinaryShareClass3ns10:Original2022-07-012023-06-3003502825ns10:Originalns10:Director22022-07-012023-06-3003502825ns10:Originalns10:RegisteredOffice2022-07-012023-06-3003502825ns10:Original2022-06-3003502825ns10:Originalns5:CurrentFinancialInstruments2023-06-3003502825ns10:Originalns5:CurrentFinancialInstruments2022-06-3003502825ns5:ShareCapitalns10:Original2023-06-3003502825ns5:ShareCapitalns10:Original2022-06-3003502825ns10:Originalns5:CapitalRedemptionReserve2023-06-3003502825ns10:Originalns5:CapitalRedemptionReserve2022-06-3003502825ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-06-3003502825ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-06-3003502825ns10:Originalns5:PlantMachinery2022-07-012023-06-3003502825ns10:Original2021-07-012022-06-3003502825ns10:Originalns5:PlantMachinery2022-06-3003502825ns10:Originalns5:PlantMachinery2023-06-3003502825ns10:Originalns5:PlantMachinery2022-06-3003502825ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-3003502825ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-06-3003502825ns10:Originalns10:OrdinaryShareClass12023-06-3003502825ns10:Originalns10:OrdinaryShareClass22023-06-3003502825ns10:OrdinaryShareClass3ns10:Original2023-06-30
REGISTERED NUMBER: 03502825 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

OLIVER TRANSLATIONS LIMITED

OLIVER TRANSLATIONS LIMITED (REGISTERED NUMBER: 03502825)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


OLIVER TRANSLATIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: A K Aldridge
Mrs I Aldridge





REGISTERED OFFICE: E-Space South
26 St Thomas Place
Ely
Cambridgeshire
CB7 4EX





REGISTERED NUMBER: 03502825 (England and Wales)





ACCOUNTANTS: Wright Connections Limited
Bedford I-Lab
Priory Business Park
Stannard Way
Bedford
Bedfordshire
MK44 3RZ

OLIVER TRANSLATIONS LIMITED (REGISTERED NUMBER: 03502825)

BALANCE SHEET
30 JUNE 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 30,589 37,927

CURRENT ASSETS
Debtors 5 20,592 68,218
Cash at bank 157,972 171,024
178,564 239,242
CREDITORS
Amounts falling due within one year 6 22,082 63,049
NET CURRENT ASSETS 156,482 176,193
TOTAL ASSETS LESS CURRENT
LIABILITIES

187,071

214,120

CAPITAL AND RESERVES
Called up share capital 7 16 16
Capital redemption reserve 4 4
Retained earnings 187,051 214,100
SHAREHOLDERS' FUNDS 187,071 214,120

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 November 2023 and were signed on its behalf by:





Mrs I Aldridge - Director


OLIVER TRANSLATIONS LIMITED (REGISTERED NUMBER: 03502825)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023


1. STATUTORY INFORMATION

Oliver Translations Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


Monetary values are rounded to the nearest £.

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.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion, when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

OLIVER TRANSLATIONS LIMITED (REGISTERED NUMBER: 03502825)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


2. ACCOUNTING POLICIES - continued

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 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022 50,534
Additions 1,640
At 30 June 2023 52,174
DEPRECIATION
At 1 July 2022 12,607
Charge for year 8,978
At 30 June 2023 21,585
NET BOOK VALUE
At 30 June 2023 30,589
At 30 June 2022 37,927

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 18,492 66,726
Other debtors 2,100 1,492
20,592 68,218

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 36 -
Trade creditors 15,623 20,011
Taxation and social security 3,415 5,903
Other creditors 3,008 37,135
22,082 63,049

OLIVER TRANSLATIONS LIMITED (REGISTERED NUMBER: 03502825)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
8 A Ordinary shares £1 8 8
7 B ordinary shares 1 7 7
1 C ordinary shares 1 1 1
16 16