Company Registration No. 08382643 (England and Wales)
Olive And Fig Limited
Unaudited accounts
for the year ended 31 January 2024
Olive And Fig Limited
Unaudited accounts
Contents
Olive And Fig Limited
Company Information
for the year ended 31 January 2024
Directors
Mohsin Patel
Zainul Aabedin Patel
Company Number
08382643 (England and Wales)
Registered Office
254 SHEAR BROW
BLACKBURN
BB1 8DS
Accountants
Sidat & Sons Ltd
Unit 8 Cunningham Court
Lions Drive
Blackburn
Lancashire
BB1 2QX
Olive And Fig Limited
Statement of financial position
as at 31 January 2024
Tangible assets
59,592
74,490
Cash at bank and in hand
35,128
25,657
Creditors: amounts falling due within one year
(15,314)
(4,363)
Net current assets
91,053
92,533
Total assets less current liabilities
150,645
167,023
Creditors: amounts falling due after more than one year
(421,945)
(448,455)
Net liabilities
(271,300)
(281,432)
Called up share capital
200
200
Profit and loss account
(271,500)
(281,632)
Shareholders' funds
(271,300)
(281,432)
For the year ending 31 January 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 directors acknowledge their 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 of Directors and authorised for issue on 6 October 2024 and were signed on its behalf by
Mohsin Patel
Director
Company Registration No. 08382643
Olive And Fig Limited
Notes to the Accounts
for the year ended 31 January 2024
Olive And Fig Limited is a private company, limited by shares, registered in England and Wales, registration number 08382643. The registered office is 254 SHEAR BROW, BLACKBURN, BB1 8DS.
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:
4
Tangible fixed assets
Fixtures & fittings
At 1 February 2023
353,368
At 31 January 2024
353,368
At 1 February 2023
278,878
Charge for the year
14,898
At 31 January 2024
293,776
Amounts falling due within one year
Amounts due from group undertakings etc.
71,239
71,239
Olive And Fig Limited
Notes to the Accounts
for the year ended 31 January 2024
6
Creditors: amounts falling due within one year
2024
2023
Amounts owed to group undertakings and other participating interests
14,293
-
7
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
421,945
448,455
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).