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REGISTERED NUMBER: 09087640 (England and Wales)














Financial Statements for the Year Ended 29 June 2023

for

Olive Health & Travel Ltd

Olive Health & Travel Ltd (Registered number: 09087640)






Contents of the Financial Statements
for the Year Ended 29 June 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Olive Health & Travel Ltd

Company Information
for the Year Ended 29 June 2023







DIRECTOR: Ms H Din





REGISTERED OFFICE: The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY





REGISTERED NUMBER: 09087640 (England and Wales)





ACCOUNTANTS: Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY

Olive Health & Travel Ltd (Registered number: 09087640)

Statement of Financial Position
29 June 2023

29.6.23 29.6.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 18,107 23,256

CURRENT ASSETS
Debtors 5 6,676 34,455
Cash at bank - 60,440
6,676 94,895
CREDITORS
Amounts falling due within one year 6 19,814 30,675
NET CURRENT (LIABILITIES)/ASSETS (13,138 ) 64,220
TOTAL ASSETS LESS CURRENT LIABILITIES 4,969 87,476

CREDITORS
Amounts falling due after more than one year 7 3,867 5,989
NET ASSETS 1,102 81,487

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 902 81,287
1,102 81,487

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Olive Health & Travel Ltd (Registered number: 09087640)

Statement of Financial Position - continued
29 June 2023


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 director and authorised for issue on 10 November 2023 and were signed by:





Ms H Din - Director


Olive Health & Travel Ltd (Registered number: 09087640)

Notes to the Financial Statements
for the Year Ended 29 June 2023

1. STATUTORY INFORMATION

Olive Health & Travel 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
Revenue 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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 statement of financial position date.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 5 (2022 - 7 ) .

Olive Health & Travel Ltd (Registered number: 09087640)

Notes to the Financial Statements - continued
for the Year Ended 29 June 2023

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 30 June 2022
and 29 June 2023 18,133 25,950 1,705 45,788
DEPRECIATION
At 30 June 2022 10,675 11,353 504 22,532
Charge for year 1,119 3,649 381 5,149
At 29 June 2023 11,794 15,002 885 27,681
NET BOOK VALUE
At 29 June 2023 6,339 10,948 820 18,107
At 29 June 2022 7,458 14,597 1,201 23,256

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 30 June 2022
and 29 June 2023 10,455
DEPRECIATION
At 30 June 2022 4,574
Charge for year 1,470
At 29 June 2023 6,044
NET BOOK VALUE
At 29 June 2023 4,411
At 29 June 2022 5,881

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.6.23 29.6.22
£    £   
Other debtors 6,676 34,455

Olive Health & Travel Ltd (Registered number: 09087640)

Notes to the Financial Statements - continued
for the Year Ended 29 June 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.6.23 29.6.22
£    £   
Bank loans and overdrafts 2,183 -
Hire purchase contracts 2,122 2,122
Taxation and social security 100 27,569
Other creditors 15,409 984
19,814 30,675

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29.6.23 29.6.22
£    £   
Hire purchase contracts 3,867 5,989

8. RELATED PARTY DISCLOSURES

The Director Miss H Din is considered to the key management personnel.