REGISTERED NUMBER: |
Financial Statements |
for the Year Ended 31 March 2024 |
for |
OLIVIA TRADING LIMITED |
REGISTERED NUMBER: |
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: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
Debtors | 4 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
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 were approved by the Board of Directors and authorised for issue on |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Prepayments |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Amounts owed to group undertakings |
Tax |
VAT | 934 | 1,417 |
Directors' loan accounts | 4,224 | 4,212 |
Deferred income |
Accrued expenses |
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. |