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REGISTERED NUMBER: 04615080 (England and Wales)















Unaudited Cessation Financial Statements

for the Period 1 January 2023 to 31 March 2024

for

Olicool Carpets Limited

Olicool Carpets Limited (Registered number: 04615080)






Contents of the Financial Statements
for the period 1 January 2023 to 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Olicool Carpets Limited

Company Information
for the period 1 January 2023 to 31 March 2024







DIRECTOR: P W Blair



REGISTERED OFFICE: 207 Bradford Road
Stanningley
Pudsey
Leeds
West Yorkshire
LS28 6QB



REGISTERED NUMBER: 04615080 (England and Wales)



ACCOUNTANTS: DCH Consultancy (Leeds) Ltd
Chartered Certified Accountants
207 Bradford Road
Stanningley
Pudsey
Leeds
West Yorkshire
LS28 6QB



BANKERS: Virgin Money
Waver Green
Pudsey
Leeds
West Yorkshire
LS28 7BG

Olicool Carpets Limited (Registered number: 04615080)

Balance Sheet
31 March 2024

2024 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 3,203

CURRENT ASSETS
Debtors 5 781 260
Cash at bank 2,358 693
3,139 953
CREDITORS
Amounts falling due within one year 6 1,853 1,712
NET CURRENT ASSETS/(LIABILITIES) 1,286 (759 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,286

2,444

CREDITORS
Amounts falling due after more than one
year

7

-

(1,000

)

PROVISIONS FOR LIABILITIES 9 - (609 )
NET ASSETS 1,286 835

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 1,285 834
SHAREHOLDERS' FUNDS 1,286 835

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Olicool Carpets Limited (Registered number: 04615080)

Balance Sheet - continued
31 March 2024


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 director and authorised for issue on 12 September 2024 and were signed by:





P W Blair - Director


Olicool Carpets Limited (Registered number: 04615080)

Notes to the Financial Statements
for the period 1 January 2023 to 31 March 2024

1. STATUTORY INFORMATION

Olicool Carpets Limited 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 presentation currency of the financial statements is the Pound Sterling (£).


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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the period 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2022 - 1 ) .

Olicool Carpets Limited (Registered number: 04615080)

Notes to the Financial Statements - continued
for the period 1 January 2023 to 31 March 2024

4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1 January 2023 18,000
Disposals (18,000 )
At 31 March 2024 -
DEPRECIATION
At 1 January 2023 14,797
Charge for period 1,001
Eliminated on disposal (15,798 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 December 2022 3,203

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Trade debtors 640 -
Other debtors 141 260
781 260

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Bank loans and overdrafts (see note 8) - 403
Trade creditors 369 -
Taxation and social security 972 892
Other creditors 512 417
1,853 1,712

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2022
£    £   
Bank loans (see note 8) - 1,000

8. LOANS

An analysis of the maturity of loans is given below:

2024 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans - 403

Olicool Carpets Limited (Registered number: 04615080)

Notes to the Financial Statements - continued
for the period 1 January 2023 to 31 March 2024

8. LOANS - continued
2024 2022
£    £   
Amounts falling due between one and two years:
Bank loans - 1-2 years - 400

Amounts falling due between two and five years:
Bank loans - 2-5 years - 600

9. PROVISIONS FOR LIABILITIES
2024 2022
£    £   
Deferred tax - 609

Deferred
tax
£   
Balance at 1 January 2023 609
Credit to Income Statement during period (609 )
Balance at 31 March 2024 -

The provision for deferred tax is made up of accelerated capital allowances.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2022
value: £    £   
1 Ordinary £1 1 1

11. ULTIMATE CONTROLLING PARTY

The controlling party is P W Blair.