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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
Page
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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
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Oliver Smith Contracting Limited Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
7,491 
9,988 
Current assets
Inventories
500 
500 
Debtors
14,890 
11,961 
Cash at bank and in hand
3,573 
3,817 
18,963 
16,278 
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)
Net assets
4,091 
2,265 
Capital and reserves
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
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Oliver Smith Contracting Limited Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
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.
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:
Plant & machinery
25% Reducing balance
Computer equipment
25% Reducing balance
4
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 
Depreciation
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 
Net book value
At 29 February 2024
258 
6,716 
517 
7,491 
At 28 February 2023
344 
8,955 
689 
9,988 
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Oliver Smith Contracting Limited Notes to the Accounts for the year ended 29 February 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
3,860 
500 
Accrued income and prepayments
137 
103 
3,997 
603 
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 
Accruals
190 
180 
12,739 
9,445 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
4,500 
6,490 
Obligations under finance leases and hire purchase contracts
3,701 
6,169 
8,201 
12,659 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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