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Company Registration No. 01748571 (England and Wales)
Olympic Compactor Rentals (UK) Limited Unaudited accounts for the year ended 31 December 2023
Olympic Compactor Rentals (UK) Limited Unaudited accounts Contents
Page
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Olympic Compactor Rentals (UK) Limited Company Information for the year ended 31 December 2023
Directors
David Brash James Brash Michael Cece DJ Brask
Company Number
01748571 (England and Wales)
Registered Office
30-40 Kepler Lichfield Road Industrial Estate Tamworth Staffordshire B79 7XE England
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Olympic Compactor Rentals (UK) Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,775,568 
1,772,577 
Investments
2,370,976 
2,205,765 
4,146,544 
3,978,342 
Current assets
Inventories
185,257 
176,468 
Debtors
250,660 
287,508 
Cash at bank and in hand
416,808 
188,590 
852,725 
652,566 
Creditors: amounts falling due within one year
(1,026,773)
(1,031,376)
Net current liabilities
(174,048)
(378,810)
Total assets less current liabilities
3,972,496 
3,599,532 
Provisions for liabilities
Deferred tax
(256,661)
(231,732)
Net assets
3,715,835 
3,367,800 
Capital and reserves
Called up share capital
102 
102 
Share premium
434 
434 
Profit and loss account
3,715,299 
3,367,264 
Shareholders' funds
3,715,835 
3,367,800 
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 6 September 2024 and were signed on its behalf by
David Brash Director Company Registration No. 01748571
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Olympic Compactor Rentals (UK) Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Olympic Compactor Rentals (UK) Limited is a private company, limited by shares, registered in England and Wales, registration number 01748571. The registered office is 30-40 Kepler, Lichfield Road Industrial Estate , Tamworth, Staffordshire, B79 7XE, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
No depreciation
Plant & machinery
Straight line over 7 to 10 years
Fixtures & fittings
Straight line over 10 years
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2023
622,046 
2,985,631 
111,910 
3,719,587 
Additions
- 
314,483 
- 
314,483 
Disposals
- 
(281,065)
- 
(281,065)
At 31 December 2023
622,046 
3,019,049 
111,910 
3,753,005 
Depreciation
At 1 January 2023
- 
1,907,817 
39,193 
1,947,010 
Charge for the year
- 
229,367 
11,191 
240,558 
On disposals
- 
(210,131)
- 
(210,131)
At 31 December 2023
- 
1,927,053 
50,384 
1,977,437 
Net book value
At 31 December 2023
622,046 
1,091,996 
61,526 
1,775,568 
At 31 December 2022
622,046 
1,077,814 
72,717 
1,772,577 
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Olympic Compactor Rentals (UK) Limited Notes to the Accounts for the year ended 31 December 2023
5
Investments
Subsidiary undertakings 
£ 
Valuation at 1 January 2023
2,205,765 
Additions
170,811 
Fair value adjustments
(5,600)
Valuation at 31 December 2023
2,370,976 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
211,104 
226,168 
Amounts due from group undertakings etc.
34,589 
- 
Accrued income and prepayments
2,517 
54,690 
Other debtors
- 
4,200 
248,210 
285,058 
Amounts falling due after more than one year
Trade debtors
2,450 
2,450 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
4,712 
5,003 
Trade creditors
181,443 
55,425 
Amounts owed to group undertakings and other participating interests
- 
6,150 
Taxes and social security
30,323 
17,682 
Other creditors
48,000 
120,000 
Loans from directors
652,000 
702,697 
Accruals
15,844 
30,451 
Deferred income
94,451 
93,968 
1,026,773 
1,031,376 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
102 Ordinary shares of £1 each
102 
102 
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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