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Registered Number: 09570485
England and Wales

 

 

 

OLIVER WRIGHT SERVICES LIMITED


Financial Statements
 


Period of accounts

Start date: 01 June 2023

End date: 31 May 2024
Director Oliver Charles Wright
Registered Number 09570485
Registered Office 16 Leabank Avenue
Garforth
Leeds
West Yorkshire
LS25 2BL
Accountants UWM Accountants
UWM House
6 Fusion Court
Leeds
LS25 2GH
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 16,115    10,391 
16,115    10,391 
Current assets      
Debtors 4 2,687    898 
Cash at bank and in hand 59,916    51,356 
62,603    52,254 
Creditors: amount falling due within one year 5 (72,112)   (59,944)
Net current assets (9,509)   (7,690)
 
Total assets less current liabilities 6,606    2,701 
Provisions for liabilities 6 (3,062)   (1,974)
Net assets 3,544    727 
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account 3,444    627 
Shareholders' funds 3,544    727 
 


For the year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 04 September 2024 and were signed by:


-------------------------------
Oliver Charles Wright
Director
2
General Information
Oliver Wright Services Limited is a private company, limited by shares, registered in England and Wales, registration number 09570485, registration address 16 Leabank Avenue, Garforth, Leeds, West Yorkshire, LS25 2BL.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery etc 25% reducing balance
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees


Average number of employees during the year was 1 (2023 : 1).
3.

Tangible fixed assets

Cost or valuation Plant and machinery etc   Total
  £   £
At 01 June 2023 43,823    43,823 
Additions 11,707    11,707 
Disposals (2,006)   (2,006)
At 31 May 2024 53,524    53,524 
Depreciation
At 01 June 2023 33,432    33,432 
Charge for year 5,392    5,392 
On disposals (1,415)   (1,415)
At 31 May 2024 37,409    37,409 
Net book values
Closing balance as at 31 May 2024 16,115    16,115 
Opening balance as at 01 June 2023 10,391    10,391 


4.

Debtors: amounts falling due within one year

2024
£
  2023
£
Other Debtors 2,687    898 
2,687    898 

5.

Creditors: amount falling due within one year

2024
£
  2023
£
Taxation and Social Security 392   
Other Creditors 71,720    59,944 
72,112    59,944 

6.

Provisions for liabilities

2024
£
  2023
£
Deferred Tax 3,062    1,974 
3,062    1,974 

3