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REGISTERED NUMBER: 09292870 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Oliver Legge Furniture Limited

Oliver Legge Furniture Limited (Registered number: 09292870)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Oliver Legge Furniture Limited

Company Information
for the Year Ended 30 November 2023







DIRECTOR: O Legge





SECRETARY: O Legge





REGISTERED OFFICE: 66 Ulfgar Road
Wolvercote
Oxfordshire
OX2 8BA





REGISTERED NUMBER: 09292870 (England and Wales)





ACCOUNTANTS: Hawson Jefferies
Suite 4
164-170 Queens Road
Sheffield
South Yorkshire
S2 4DH

Oliver Legge Furniture Limited (Registered number: 09292870)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,874 25,479

CURRENT ASSETS
Stocks 3,500 3,000
Debtors 5 791 1,227
Cash at bank 43,999 31,602
48,290 35,829
CREDITORS
Amounts falling due within one year 6 17,432 13,312
NET CURRENT ASSETS 30,858 22,517
TOTAL ASSETS LESS CURRENT
LIABILITIES

51,732

47,996

CREDITORS
Amounts falling due after more than one
year

7

(5,850

)

(9,750

)

PROVISIONS FOR LIABILITIES (3,966 ) (4,841 )
NET ASSETS 41,916 33,405

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 41,915 33,404
SHAREHOLDERS' FUNDS 41,916 33,405

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Oliver Legge Furniture Limited (Registered number: 09292870)

Balance Sheet - continued
30 November 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 director and authorised for issue on 29 January 2024 and were signed by:





O Legge - Director


Oliver Legge Furniture Limited (Registered number: 09292870)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Oliver Legge Furniture 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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

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.

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.

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.

Oliver Legge Furniture Limited (Registered number: 09292870)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2022 23,342 791 24,490 2,732 51,355
Additions 410 - - - 410
At 30 November 2023 23,752 791 24,490 2,732 51,765
DEPRECIATION
At 1 December 2022 8,925 601 14,159 2,191 25,876
Charge for year 2,224 29 2,583 179 5,015
At 30 November 2023 11,149 630 16,742 2,370 30,891
NET BOOK VALUE
At 30 November 2023 12,603 161 7,748 362 20,874
At 30 November 2022 14,417 190 10,331 541 25,479

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors - 600
Other debtors 791 627
791 1,227

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 3,900 3,900
Trade creditors 488 3,260
Taxation and social security 9,755 2,853
Other creditors 3,289 3,299
17,432 13,312

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans 5,850 9,750

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is O Legge.