Company Registration No. 11843750 (England and Wales)
Oliver Smith Contracting Limited
Unaudited accounts
for the year ended 29 February 2024
Oliver Smith Contracting Limited
Unaudited accounts
Contents
Oliver Smith Contracting Limited
Company Information
for the year ended 29 February 2024
Director
Oliver James Smith
Company Number
11843750 (England and Wales)
Registered Office
MORETON HOUSE
31 HIGH STREET
BUCKINGHAM
BUCKINGHAMSHIRE
MK18 1NU
ENGLAND
Accountants
Anthistle Craven
Moreton House
31 High Street
Buckingham
Bucks
MK18 1NU
Oliver Smith Contracting Limited
Statement of financial position
as at 29 February 2024
Tangible assets
7,491
9,988
Cash at bank and in hand
3,573
3,817
Creditors: amounts falling due within one year
(12,739)
(9,445)
Net current assets
6,224
6,833
Total assets less current liabilities
13,715
16,821
Creditors: amounts falling due after more than one year
(8,201)
(12,659)
Provisions for liabilities
Deferred tax
(1,423)
(1,897)
Called up share capital
11
11
Profit and loss account
4,080
2,254
Shareholders' funds
4,091
2,265
For the year ending 29 February 2024 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 director acknowledges his 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 and authorised for issue on 19 September 2024 and were signed on its behalf by
Oliver James Smith
Director
Company Registration No. 11843750
Oliver Smith Contracting Limited
Notes to the Accounts
for the year ended 29 February 2024
Oliver Smith Contracting Limited is a private company, limited by shares, registered in England and Wales, registration number 11843750. The registered office is MORETON HOUSE, 31 HIGH STREET, BUCKINGHAM, BUCKINGHAMSHIRE, MK18 1NU, 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:
Plant & machinery
25% Reducing balance
Computer equipment
25% Reducing balance
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Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2023
901
23,140
1,961
26,002
At 29 February 2024
901
23,140
1,961
26,002
At 1 March 2023
557
14,185
1,272
16,014
Charge for the year
86
2,239
172
2,497
At 29 February 2024
643
16,424
1,444
18,511
At 29 February 2024
258
6,716
517
7,491
At 28 February 2023
344
8,955
689
9,988
Oliver Smith Contracting Limited
Notes to the Accounts
for the year ended 29 February 2024
Amounts falling due within one year
Accrued income and prepayments
137
103
Amounts falling due after more than one year
Other debtors
10,893
11,358
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
5,309
2,056
Taxes and social security
7,240
7,209
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
3,701
6,169
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).