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REGISTERED NUMBER: 09233450 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

OLR Services Ltd

OLR Services Ltd (Registered number: 09233450)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OLR Services Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: O J Robinson
Mrs S D Robinson





REGISTERED OFFICE: 128 High Street
Crediton
Devon
EX17 3LQ





REGISTERED NUMBER: 09233450 (England and Wales)





ACCOUNTANTS: Bedford & Co Ltd
128 High Street
Crediton
Devon
EX17 3LQ

OLR Services Ltd (Registered number: 09233450)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,688,752 818,080

CURRENT ASSETS
Debtors 5 1,461,387 908,594
Cash at bank 682,000 73,898
2,143,387 982,492
CREDITORS
Amounts falling due within one year 6 724,668 460,835
NET CURRENT ASSETS 1,418,719 521,657
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,107,471

1,339,737

CREDITORS
Amounts falling due after more than one
year

7

(838,661

)

(303,955

)

PROVISIONS FOR LIABILITIES (411,143 ) (204,520 )
NET ASSETS 1,857,667 831,262

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,857,567 831,162
1,857,667 831,262

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

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.

OLR Services Ltd (Registered number: 09233450)

Balance Sheet - continued
31 December 2023


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 Board of Directors and authorised for issue on 24 September 2024 and were signed on its behalf by:




O J Robinson - Director



Mrs S D Robinson - Director


OLR Services Ltd (Registered number: 09233450)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

OLR Services 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.

The company's place of business is 38 Lavender Close, Lutterworth, Leicestershire, LE17 4GP.

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
This is measured at the fair value of the consideration received or receivable from the sale of services, excluding discounts, rebates, value added tax and other sales taxes.
Revenue is recognised when services are delivered to customers such that risks and rewards of ownership have been transferred to them and that there is sufficient reliable evidence that delivery of services has occurred.

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 etc - 33% on cost, 25% on reducing balance and 20% on reducing balance

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.

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.

Hire purchase and leasing commitments
Tangible fixed assets acquired under hire purchase contracts or finance leases are capitalised and depreciated in the same manner as other tangible fixed assets. The related obligations, net of future finance charges, are included in creditors.
Rentals payable under operating leases are charged to the profit and loss account on a straight-line basis over the term of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

OLR Services Ltd (Registered number: 09233450)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2022 - 26 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 1,279,670
Additions 1,502,311
At 31 December 2023 2,781,981
DEPRECIATION
At 1 January 2023 461,590
Charge for year 631,639
At 31 December 2023 1,093,229
NET BOOK VALUE
At 31 December 2023 1,688,752
At 31 December 2022 818,080

Included in the above figures are assets under hire purchase and finance lease agreements with a net book value of £1,053,892 (2022 - £403,959). The depreciation charged on these assets during the year was £384,445 (2022 - £157,512).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 1,239,303 822,252
Other debtors 222,084 86,342
1,461,387 908,594

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 286,467 114,238
Trade creditors 151,705 233,541
Taxation and social security 270,163 89,825
Other creditors 6,333 13,231
724,668 460,835

OLR Services Ltd (Registered number: 09233450)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 15,833 25,833
Hire purchase contracts 822,828 278,122
838,661 303,955

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Hire purchase contracts 1,109,295 392,360