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OLIVER BEA DESIGN LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28TH FEBRUARY 2023






OLIVER BEA DESIGN LIMITED (REGISTERED NUMBER: 06498226)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

OLIVER BEA DESIGN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28TH FEBRUARY 2023







DIRECTOR: Mrs S V O'Grady





REGISTERED OFFICE: 7 Westover Road
Wandsworth
London
SW18 2RE





REGISTERED NUMBER: 06498226 (England and Wales)





ACCOUNTANTS: Clouders
Chartered Certified Accountants
Charter House
103-105 Leigh Road
Leigh-on-Sea
Essex
SS9 1JL

OLIVER BEA DESIGN LIMITED (REGISTERED NUMBER: 06498226)

BALANCE SHEET
28TH FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,342 848

CURRENT ASSETS
Debtors 5 11,242 15,910
Cash at bank 80,158 75,972
91,400 91,882
CREDITORS
Amounts falling due within one year 6 128,166 119,287
NET CURRENT LIABILITIES (36,766 ) (27,405 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(35,424

)

(26,557

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (35,524 ) (26,657 )
SHAREHOLDERS' FUNDS (35,424 ) (26,557 )

OLIVER BEA DESIGN LIMITED (REGISTERED NUMBER: 06498226)

BALANCE SHEET - continued
28TH FEBRUARY 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 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.

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 27th November 2023 and were signed by:





Mrs S V O'Grady - Director


OLIVER BEA DESIGN LIMITED (REGISTERED NUMBER: 06498226)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2023

1. STATUTORY INFORMATION

Oliver Bea Design 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.

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.

The financial statements have been prepared on the gong concern basis, as it is the director's intention to continue to provide financial support to enable the company to continue in operation.

Turnover
Turnover 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.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% 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.


OLIVER BEA DESIGN LIMITED (REGISTERED NUMBER: 06498226)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2023

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st March 2022 8,972 1,525 10,497
Additions - 1,059 1,059
At 28th February 2023 8,972 2,584 11,556
DEPRECIATION
At 1st March 2022 8,124 1,525 9,649
Charge for year 213 352 565
At 28th February 2023 8,337 1,877 10,214
NET BOOK VALUE
At 28th February 2023 635 707 1,342
At 28th February 2022 848 - 848

OLIVER BEA DESIGN LIMITED (REGISTERED NUMBER: 06498226)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2023 2022
£    £   
Trade debtors 10,738 3,760
Other debtors 504 12,150
11,242 15,910

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2023 2022
£    £   
Trade creditors 1,654 2,080
Other creditors 126,512 117,207
128,166 119,287

7. RELATED PARTY DISCLOSURES

The director maintains a loan to the company on an interest free basis repayable on demand but,
has expressed a willingness to wait for repayment. As at the date of the Balance Sheet that loan
amounted to £125,635 (2022; £116,220).

The controlling party is Mrs S V O'Grady.

OLIVER BEA DESIGN LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
OLIVER BEA DESIGN LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 28th February 2023 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Clouders
Chartered Certified Accountants
Charter House
103-105 Leigh Road
Leigh-on-Sea
Essex
SS9 1JL


Date: .............................................