Registered number
12307860
Oliver House (Kirk Hallam) Ltd
Filleted Accounts
30 November 2023
Oliver House (Kirk Hallam) Ltd
Registered number: 12307860
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 85,000 85,000
Tangible assets 4 44,704 58,080
129,704 143,080
Current assets
Debtors 5 575,115 -
Cash at bank and in hand 271,375 721,314
846,490 721,314
Creditors: amounts falling due within one year 6 (298,193) (350,536)
Net current assets 548,297 370,778
Total assets less current liabilities 678,001 513,858
Creditors: amounts falling due after more than one year 7 (9,177) (14,167)
Net assets 668,824 499,691
Capital and reserves
Called up share capital 1 1
Profit and loss account 668,823 499,690
Shareholder's funds 668,824 499,691
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S Mahmood
Director
Approved by the board on 30 August 2024
Oliver House (Kirk Hallam) Ltd
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles 20% reducing balance
Fixtures, fittings, tools and equipment 15% reducing balance
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 31 30
3 Intangible fixed assets £
Goodwill:
Cost
At 1 December 2022 85,000
At 30 November 2023 85,000
Amortisation
At 30 November 2023 -
Net book value
At 30 November 2023 85,000
At 30 November 2022 85,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 December 2022 36,139 47,786 83,925
At 30 November 2023 36,139 47,786 83,925
Depreciation
At 1 December 2022 13,254 12,591 25,845
Charge for the year 4,577 8,799 13,376
At 30 November 2023 17,831 21,390 39,221
Net book value
At 30 November 2023 18,308 26,396 44,704
At 30 November 2022 22,885 35,195 58,080
5 Debtors 2023 2022
£ £
Other debtors 575,115 -
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 105,206 144,206
Trade creditors 104,384 114,711
Taxation and social security costs 85,182 58,358
Other creditors 3,421 33,261
298,193 350,536
7 Creditors: amounts falling due after one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 9,177 14,167
8 Other information
Oliver House (Kirk Hallam) Ltd is a private company limited by shares and incorporated in England. Its registered office is:
5 Ingham Grove
Nottingham
NG7 2LQ
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