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REGISTERED NUMBER: 13889639 (England and Wales)














Unaudited Financial Statements

for the Year Ended 29 February 2024

for

OLIVERS HIRE SOLUTIONS LTD

OLIVERS HIRE SOLUTIONS LTD (REGISTERED NUMBER: 13889639)






Contents of the Financial Statements
for the year ended 29 FEBRUARY 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


OLIVERS HIRE SOLUTIONS LTD

Company Information
for the year ended 29 FEBRUARY 2024







DIRECTORS: B Ismailanji
E Ismailanji





REGISTERED OFFICE: 532 Wellingborough Road
Northampton
NN3 3HZ





REGISTERED NUMBER: 13889639 (England and Wales)





ACCOUNTANTS: Coopers&Co Ltd
Thistledown Barn
204 Holcot Road
Sywell
Northampton
Northamptonshire
NN6 0BG

OLIVERS HIRE SOLUTIONS LTD (REGISTERED NUMBER: 13889639)

Abridged Balance Sheet
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 326,373 115,721

CURRENT ASSETS
Stocks 30,581 2,775
Debtors 466,220 358,127
Cash at bank 160,649 247,066
657,450 607,968
CREDITORS
Amounts falling due within one year 354,986 425,063
NET CURRENT ASSETS 302,464 182,905
TOTAL ASSETS LESS CURRENT
LIABILITIES

628,837

298,626

CREDITORS
Amounts falling due after more than one year (111,774 ) (25,000 )

PROVISIONS FOR LIABILITIES (74,309 ) -
NET ASSETS 442,754 273,626

CAPITAL AND RESERVES
Called up share capital 5 20 20
Retained earnings 442,734 273,606
SHAREHOLDERS' FUNDS 442,754 273,626

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

OLIVERS HIRE SOLUTIONS LTD (REGISTERED NUMBER: 13889639)

Abridged Balance Sheet - continued
29 FEBRUARY 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 29 February 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 August 2024 and were signed on its behalf by:





B Ismailanji - Director


OLIVERS HIRE SOLUTIONS LTD (REGISTERED NUMBER: 13889639)

Notes to the Financial Statements
for the year ended 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Olivers Hire Solutions Ltd 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 - 33% on cost and 20% on reducing balance
Fixtures and fittings - 33% on cost
Motor vehicles - 20% on reducing balance
Computer equipment - 25% on cost

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition.

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

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.

3. EMPLOYEES

The average number of employees during the year was 2 (2023 - NIL ) .

OLIVERS HIRE SOLUTIONS LTD (REGISTERED NUMBER: 13889639)

Notes to the Financial Statements - continued
for the year ended 29 FEBRUARY 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2023 121,053
Additions 292,480
Disposals (7,906 )
At 29 February 2024 405,627
DEPRECIATION
At 1 March 2023 5,332
Charge for year 76,996
Eliminated on disposal (3,074 )
At 29 February 2024 79,254
NET BOOK VALUE
At 29 February 2024 326,373
At 28 February 2023 115,721

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
20 Ordinary £1 20 20