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Company Registration No. 12649900 (England and Wales)
Oliver Co London Ltd Unaudited accounts for the year ended 30 June 2023
Oliver Co London Ltd Unaudited accounts Contents
Page
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Oliver Co London Ltd Company Information for the year ended 30 June 2023
Director
Matthew William Oliver
Company Number
12649900 (England and Wales)
Registered Office
2 Stockwell Terrace London SW9 0QD England
Accountants
Sidgrove 86-90 Paul Street London EC2A 4NE
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Oliver Co London Ltd Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
1,917 
2,917 
Tangible assets
296 
149 
2,213 
3,066 
Current assets
Inventories
35,128 
23,546 
Debtors
13,606 
5,224 
Cash at bank and in hand
17,362 
7,734 
66,096 
36,504 
Creditors: amounts falling due within one year
(50,961)
(35,066)
Net current assets
15,135 
1,438 
Total assets less current liabilities
17,348 
4,504 
Provisions for liabilities
Deferred tax
(56)
(28)
Net assets
17,292 
4,476 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
17,192 
4,376 
Shareholders' funds
17,292 
4,476 
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 March 2024 and were signed on its behalf by
Matthew William Oliver Director Company Registration No. 12649900
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Oliver Co London Ltd Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
Oliver Co London Ltd is a private company, limited by shares, registered in England and Wales, registration number 12649900. The registered office is 2 Stockwell Terrace, London, SW9 0QD, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33.33% - Straight Line
Fixtures & fittings
33.33% - Straight Line
Computer equipment
33.33% - Straight Line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Prior Year Adjustment
The prior year comparatives have been updated to correct an error in the prior year filed accounts. The amendment (in the form of a dividend adjustment) has been made to the following account: - Profit and loss account: £4,376 (previously: £6,376)
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 July 2022
5,000 
At 30 June 2023
5,000 
Amortisation
At 1 July 2022
2,083 
Charge for the year
1,000 
At 30 June 2023
3,083 
Net book value
At 30 June 2023
1,917 
At 30 June 2022
2,917 
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Oliver Co London Ltd Notes to the Accounts for the year ended 30 June 2023
5
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2022
298 
- 
298 
Additions
193 
122 
315 
At 30 June 2023
491 
122 
613 
Depreciation
At 1 July 2022
149 
- 
149 
Charge for the year
137 
31 
168 
At 30 June 2023
286 
31 
317 
Net book value
At 30 June 2023
205 
91 
296 
At 30 June 2022
149 
- 
149 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
1,653 
1,720 
Trade debtors
10,681 
2,232 
Accrued income and prepayments
1,172 
1,172 
Other debtors
100 
100 
13,606 
5,224 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
1,058 
991 
Taxes and social security
3,900 
820 
Other creditors
2,594 
- 
Loans from directors
43,409 
33,255 
50,961 
35,066 
8
Transactions with related parties
At the Balance Sheet date £43,409 (2022: £33,255) was owed to the Director in respect of expenses paid on behalf of the company and other amounts due from the company. The total balance is unsecured, interest free & repayable on demand.
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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