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REGISTERED NUMBER: 03711681 (England and Wales)












Financial Statements

for the Year Ended 31 March 2024

for

OLIVIA TRADING LIMITED

OLIVIA TRADING LIMITED (REGISTERED NUMBER: 03711681)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


OLIVIA TRADING LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTORS: P F Lewis
G P Elliott
D J Phillips





SECRETARY: P F Lewis





REGISTERED OFFICE: 100 Church Street
Brighton
East Sussex
BN1 1UJ





REGISTERED NUMBER: 03711681 (England and Wales)





ACCOUNTANTS: Paddenburg & Co Limited
100 Church Street
Brighton
East Sussex
BN1 1UJ

OLIVIA TRADING LIMITED (REGISTERED NUMBER: 03711681)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Stocks 825,000 825,000
Debtors 4 3,837 11,325
Cash at bank 73,319 81,551
902,156 917,876
CREDITORS
Amounts falling due within one year 5 357,788 349,773
NET CURRENT ASSETS 544,368 568,103
TOTAL ASSETS LESS CURRENT
LIABILITIES

544,368

568,103

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 544,365 568,100
SHAREHOLDERS' FUNDS 544,368 568,103

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 5 September 2024 and were signed on its behalf by:




D J Phillips - Director P F Lewis - Director




G P Elliott - Director


OLIVIA TRADING LIMITED (REGISTERED NUMBER: 03711681)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Olivia Trading Limited 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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their 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.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,616 10,135
Prepayments 1,221 1,190
3,837 11,325

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 321,449 321,449
Tax 18,901 14,835
VAT 934 1,417
Directors' loan accounts 4,224 4,212
Deferred income 11,180 6,760
Accrued expenses 1,100 1,100
357,788 349,773

OLIVIA TRADING LIMITED (REGISTERED NUMBER: 03711681)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

Amounts owed to group undertakings include £9,711 (2023 : £9,711) due to The Olivia Group Ltd,
£117,168 (2023 : £117,168) due to Aston Peel Ltd and £20,185 (2023 : £20,185) due to Moneypenny Holdings Ltd.
G P Elliott and D J Phillips are directors of the aforementioned companies.

The balance also includes £16,955 (2023 : £16,955) due to Pepper Fox Management Ltd of which
G P Elliott is a director.

Also included is a balance of £157,430 (2023 : £157,430) due to Spoolfinder Ltd of which
D J Phillips and P F Lewis are directors.

6. RELATED PARTY DISCLOSURES

In the year, the company received rents totalling £17,000 (2023 : £16,000) from Pepper Fox Ltd.
G P Elliott is a director of Pepper Fox Ltd.

The rent was calculated at a normal commercial rate.

7. ULTIMATE CONTROLLING PARTY

The company's three directors each own one third of the share capital, therefore the company is not under the control of any one party.