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
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
Olympic Compactor Rentals (UK) Limited
Statement of financial position
as at 31 December 2023
Tangible assets
1,775,568
1,772,577
Investments
2,370,976
2,205,765
Inventories
185,257
176,468
Cash at bank and in hand
416,808
188,590
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
Called up share capital
102
102
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
Olympic Compactor Rentals (UK) Limited
Notes to the Accounts
for the year ended 31 December 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
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
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
Fair value adjustments
(5,600)
Valuation at 31 December 2023
2,370,976
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
Amounts falling due after more than one year
7
Creditors: amounts falling due within one year
2023
2022
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
Deferred income
94,451
93,968
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).