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REGISTERED NUMBER: 11187659 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28TH FEBRUARY 2023

FOR

C60INOLIVEOIL.COM LIMITED

C60INOLIVEOIL.COM LIMITED (REGISTERED NUMBER: 11187659)






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


C60INOLIVEOIL.COM LIMITED

COMPANY INFORMATION
for the Year Ended 28th February 2023







DIRECTORS: Dr S J Moore
Dr D Moore





REGISTERED OFFICE: Union House
111 New Union Street
Coventry
West Midlands
CV1 2NT





REGISTERED NUMBER: 11187659 (England and Wales)





ACCOUNTANTS: D E Ball & Co Limited
Chartered Accountants
15 Bridge Road
Wellington
Telford
Shropshire
TF1 1EB

C60INOLIVEOIL.COM LIMITED (REGISTERED NUMBER: 11187659)

BALANCE SHEET
28th February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,670 2,728

CURRENT ASSETS
Stocks 7,550 11,942
Debtors 5 21,441 34
Cash at bank 14,105 15,252
43,096 27,228
CREDITORS
Amounts falling due within one year 6 6,889 3,491
NET CURRENT ASSETS 36,207 23,737
TOTAL ASSETS LESS CURRENT
LIABILITIES

41,877

26,465

CREDITORS
Amounts falling due after more than one
year

7

(18,097

)

(14,302

)

PROVISIONS FOR LIABILITIES (624 ) -
NET ASSETS 23,156 12,163

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 23,056 12,063
SHAREHOLDERS' FUNDS 23,156 12,163

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 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.

C60INOLIVEOIL.COM LIMITED (REGISTERED NUMBER: 11187659)

BALANCE SHEET - continued
28th February 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23rd November 2023 and were signed on its behalf by:




Dr S J Moore - Director



Dr D Moore - Director


C60INOLIVEOIL.COM LIMITED (REGISTERED NUMBER: 11187659)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 28th February 2023

1. STATUTORY INFORMATION

C60inoliveoil.com 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.

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.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

3. EMPLOYEES AND DIRECTORS

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

C60INOLIVEOIL.COM LIMITED (REGISTERED NUMBER: 11187659)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28th February 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1st March 2022 4,486 399 499 5,384
Additions 2,933 - 900 3,833
At 28th February 2023 7,419 399 1,399 9,217
DEPRECIATION
At 1st March 2022 1,870 349 437 2,656
Charge for year 628 50 213 891
At 28th February 2023 2,498 399 650 3,547
NET BOOK VALUE
At 28th February 2023 4,921 - 749 5,670
At 28th February 2022 2,616 50 62 2,728

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Other debtors 21,441 34

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Taxation and social security 5,618 2,925
Other creditors 1,271 566
6,889 3,491

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Other creditors 18,097 14,302

8. ULTIMATE CONTROLLING PARTY

The controlling party is Dr S J Moore and Dr D Moore as they co-operate to exercise control.