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REGISTERED NUMBER: 10073689 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Oliver & Sons Ltd

Oliver & Sons Ltd (Registered number: 10073689)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Oliver & Sons Ltd

Company Information
for the year ended 31 March 2024







DIRECTOR: Mr J Oliver





REGISTERED OFFICE: Top Floor
Claridon House
London Road
Stanford Le Hope
Essex
SS17 0JU





REGISTERED NUMBER: 10073689 (England and Wales)





ACCOUNTANTS: Vortex Accountants Limited
Top Floor
Claridon House
London Road
Stanford Le Hope
Essex
SS17 0JU

Oliver & Sons Ltd (Registered number: 10073689)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 41,224 29,467

CURRENT ASSETS
Stocks 5 75,000 -
Debtors 6 160,462 92,219
Cash at bank and in hand 2,088 51,338
237,550 143,557
CREDITORS
Amounts falling due within one year 7 170,951 31,047
NET CURRENT ASSETS 66,599 112,510
TOTAL ASSETS LESS CURRENT
LIABILITIES

107,823

141,977

CREDITORS
Amounts falling due after more than one
year

8

8,718

33,741
NET ASSETS 99,105 108,236

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 99,104 108,235
99,105 108,236

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 director acknowledges his 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.

Oliver & Sons Ltd (Registered number: 10073689)

Balance Sheet - continued
31 March 2024


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 director and authorised for issue on 19 June 2024 and were signed by:





Mr J Oliver - Director


Oliver & Sons Ltd (Registered number: 10073689)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Oliver & Sons 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 - Straight line over 5 years
Motor vehicles - Straight line over 5 years

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.


Oliver & Sons Ltd (Registered number: 10073689)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2023 28,351 45,687 74,038
Additions 15,051 15,673 30,724
At 31 March 2024 43,402 61,360 104,762
DEPRECIATION
At 1 April 2023 17,692 26,879 44,571
Charge for year 6,695 12,272 18,967
At 31 March 2024 24,387 39,151 63,538
NET BOOK VALUE
At 31 March 2024 19,015 22,209 41,224
At 31 March 2023 10,659 18,808 29,467

5. STOCKS
2024 2023
£    £   
Work-in-progress 75,000 -

Oliver & Sons Ltd (Registered number: 10073689)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 47,745 24,430
Other debtors 108,036 61,226
VAT 4,681 6,563
160,462 92,219

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans 7,832 14,941
Trade creditors (2 ) -
Tax - 9,654
Directors' current accounts 161,646 5,132
Accrued expenses 1,475 1,320
170,951 31,047

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Other loans - 1-2 years 8,718 33,741