Registered number
01513649
Dick Oliver Limited
Filleted Accounts
31 December 2023
Dick Oliver Limited
Registered number: 01513649
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 30,956 5,055
Investments 4 580,278 545,278
611,234 550,333
Current assets
Cash at bank and in hand 37,428 78,102
Creditors: amounts falling due within one year 5 (15,621) (50,288)
Net current assets 21,807 27,814
Total assets less current liabilities 633,041 578,147
Provisions for liabilities (7,707) (931)
Net assets 625,334 577,216
Capital and reserves
Called up share capital 100 100
Profit and loss account 625,234 577,116
Shareholders' funds 625,334 577,216
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D Oliver
Director
Approved by the board on 17 September 2024
Dick Oliver Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents the difference between bets placed and winnings paid out.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery at various rates
Investments
Investments are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2023 45,415 - 45,415
Additions 6,126 27,518 33,644
At 31 December 2023 51,541 27,518 79,059
Depreciation
At 1 January 2023 40,360 - 40,360
Charge for the year 2,239 5,504 7,743
At 31 December 2023 42,599 5,504 48,103
Net book value
At 31 December 2023 8,942 22,014 30,956
At 31 December 2022 5,055 - 5,055
4 Investments
Other
investments
£
Cost
At 1 January 2023 545,278
Additions 35,000
At 31 December 2023 580,278
5 Creditors: amounts falling due within one year 2023 2022
£ £
Corporation tax 22,055 15,061
Other creditors (6,434) 35,227
15,621 50,288
6 Other information
Dick Oliver Limited is a private company limited by shares and incorporated in England. Its registered office is:
30 Decoy Road
Newton Abbot
Devon
TQ12 1DY
Dick Oliver Limited 01513649 false 2023-01-01 2023-12-31 2023-12-31 VT Final Accounts July 2024 D Oliver No description of principal activity 01513649 2022-01-01 2022-12-31 01513649 core:WithinOneYear 2022-12-31 01513649 core:ShareCapital 2022-12-31 01513649 core:RetainedEarningsAccumulatedLosses 2022-12-31 01513649 2023-01-01 2023-12-31 01513649 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 01513649 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 01513649 bus:Director40 2023-01-01 2023-12-31 01513649 1 2023-01-01 2023-12-31 01513649 2 2023-01-01 2023-12-31 01513649 core:PlantMachinery 2023-01-01 2023-12-31 01513649 core:Vehicles 2023-01-01 2023-12-31 01513649 countries:England 2023-01-01 2023-12-31 01513649 bus:FRS102 2023-01-01 2023-12-31 01513649 bus:FilletedAccounts 2023-01-01 2023-12-31 01513649 2023-12-31 01513649 core:WithinOneYear 2023-12-31 01513649 core:ShareCapital 2023-12-31 01513649 core:RetainedEarningsAccumulatedLosses 2023-12-31 01513649 core:PlantMachinery 2023-12-31 01513649 core:Vehicles 2023-12-31 01513649 core:AdditionsToInvestments 2023-12-31 01513649 2022-12-31 01513649 core:PlantMachinery 2022-12-31 01513649 core:Vehicles 2022-12-31 iso4217:GBP xbrli:pure