OLIVE MANIA (UK) LTD

Company Registration Number:
09018927 (England and Wales)

Unaudited statutory accounts for the year ended 30 April 2023

Period of accounts

Start date: 01 May 2022

End date: 30 April 2023

OLIVE MANIA (UK) LTD

Contents of the Financial Statements

for the Period Ended 30 April 2023

Company Information - 3
Profit and Loss Account - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 11

OLIVE MANIA (UK) LTD

Company Information

for the Period Ended 30 April 2023




Registered office: 7 Bell Yard Road, London
7 Bell Yard
London
England
WC2A 2JR
Company Registration Number: 09018927 (England and Wales)

OLIVE MANIA (UK) LTD

Profit and Loss Account

for the Period Ended 30 April 2023


Notes

2023
£
13 months to
30 Apr 2022
£
Turnover 2,703,735 1,633,314
Cost of sales ( 2,295,379 ) ( 1,452,771 )
Gross Profit or (Loss) 408,356 180,543
Income from coronavirus (COVID-19) business support grants 0 0
Distribution Costs ( 356,477 ) ( 112,025 )
Administrative Expenses ( 3,392 ) ( 4,832 )
Other operating income 19,127 0
Operating Profit or (Loss) 67,614 63,686
Interest Receivable and Similar Income 0 0
Interest Payable and Similar Charges ( 0 ) ( 0 )
Profit or (Loss) Before Tax 67,614 63,686
Tax on Profit ( 12,992 ) ( 12,339 )
Profit or (Loss) for Period 54,622 51,347

The notes form part of these financial statements

OLIVE MANIA (UK) LTD

Balance sheet

As at 30 April 2023


Notes

2023
£
13 months to
30 Apr 2022
£
Fixed assets
Intangible assets: 5 1,635 1,635
Tangible assets: 6 7,160 7,160
Total fixed assets: 8,795 8,795
Current assets
Stocks: 199,510 177,870
Debtors: 7 366,052 199,161
Cash at bank and in hand: 178,229 135,940
Total current assets: 743,791 512,971
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 8 ( 372,770 ) ( 297,387 )
Net current assets (liabilities): 371,021 215,584
Total assets less current liabilities: 379,816 224,379
Creditors: amounts falling due after more than one year: 9 ( 174,438 ) ( 123,107 )
Provision for liabilities: ( 47,849 ) ( 0 )
Accruals and deferred income: ( 0 )
Total net assets (liabilities): 157,529 101,272

The notes form part of these financial statements

OLIVE MANIA (UK) LTD

Balance sheet continued

As at 30 April 2023


Notes

2023
£
13 months to
30 Apr 2022
£
Capital and reserves
Called up share capital: 7,160 7,160
Revaluation reserve: 10 1,635
Profit and loss account: 148,734 94,112
Shareholders funds: 157,529 101,272

For the year ending 30 April 2023 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 23 February 2024
And Signed On Behalf Of The Board By:

Name: Apostolos Bampos
Status: Director

The notes form part of these financial statements

OLIVE MANIA (UK) LTD

Notes to the Financial Statements

for the Period Ended 30 April 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

OLIVE MANIA (UK) LTD

Notes to the Financial Statements

for the Period Ended 30 April 2023

  • 2. Employees


    2023
    13 months to
    30 Apr 2022
    Average number of employees during the period 1 1

OLIVE MANIA (UK) LTD

Notes to the Financial Statements

for the Period Ended 30 April 2023

  • 3. Off balance sheet disclosure

    No

OLIVE MANIA (UK) LTD

Notes to the Financial Statements

for the Period Ended 30 April 2023

4. Dividends


2023
£
13 months to
30 Apr 2022
£
Dividends paid 9,000 9,000

OLIVE MANIA (UK) LTD

Notes to the Financial Statements

for the Period Ended 30 April 2023

5. Intangible assets

Other Total
Cost £ £
At 01 May 2022 1,635 1,635
Additions - -
Disposals - -
Revaluations - -
Transfers - -
At 30 April 2023 1,635 1,635
Amortisation
Amortisation at 01 May 2022 - -
Charge for year - -
On disposals - -
Other adjustments - -
Amortisation at 30 April 2023 - -
Net book value
Net book value at 30 April 2023 1,635 1,635
Net book value at 30 April 2022 1,635 1,635

we decided not to depreciate the fixed assets and keep the value at 7160
the last depreciation was at the end of 2021.
At the end of 2022 and the end of 2023 value did not change any value.



OLIVE MANIA (UK) LTD

Notes to the Financial Statements

for the Period Ended 30 April 2023

6. Tangible assets

Office equipment Total
Cost £ £
At 01 May 2022 7,160 7,160
Additions - -
Disposals - -
Revaluations - -
Transfers - -
At 30 April 2023 7,160 7,160
Depreciation
At 01 May 2022 0 0
Charge for year - -
On disposals - -
Other adjustments - -
At 30 April 2023 0 0
Net book value
At 30 April 2023 7,160 7,160
At 30 April 2022 7,160 7,160

OLIVE MANIA (UK) LTD

Notes to the Financial Statements

for the Period Ended 30 April 2023

7. Debtors


2023
£
13 months to
30 Apr 2022
£
Trade debtors 366,052 199,161
Prepayments and accrued income 0 0
Other debtors 0 0
Total 366,052 199,161
Debtors due after more than one year: 174,438 123,107

Our total credit line with suppliers was increase to £230,000.
The average credit is 45 - 60 days end of month

OLIVE MANIA (UK) LTD

Notes to the Financial Statements

for the Period Ended 30 April 2023

8.Creditors: amounts falling due within one year note


2023
£
13 months to
30 Apr 2022
£
Bank loans and overdrafts 0 23,936
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 326,158 273,451
Other creditors 46,612
Total 372,770 297,387

Our total credit line was increased by £230,000

OLIVE MANIA (UK) LTD

Notes to the Financial Statements

for the Period Ended 30 April 2023

9.Creditors: amounts falling due after more than one year


2023
£
13 months to
30 Apr 2022
£
Bank loans and overdrafts 17,926 0
Other creditors 156,512 123,107
Total 174,438 123,107

Some suppliers' credit was agreed to be use as long term working capital loan.
Some of the credit time/period has been extended for a longer periods with no Interest charges.

OLIVE MANIA (UK) LTD

Notes to the Financial Statements

for the Period Ended 30 April 2023

10. Revaluation reserve


2023
£
Surplus or deficit after revaluation 1,635
Balance at 30 April 2023 1,635

this figure was the depreciation value at the end of 2021.