1 February 2023 false No description of principal activity Taxfiler 2024.5 08382643business:PrivateLimitedCompanyLtd2023-02-012024-01-31 083826432023-01-31 083826432023-02-012024-01-31 08382643business:AuditExempt-NoAccountantsReport2023-02-012024-01-31 08382643business:FilletedAccounts2023-02-012024-01-31 083826432024-01-31 08382643business:Director12023-02-012024-01-31 08382643business:Director22023-02-012024-01-31 08382643business:RegisteredOffice2023-02-012024-01-31 083826432023-01-31 08382643core:WithinOneYear2024-01-31 08382643core:WithinOneYear2023-01-31 08382643core:AfterOneYear2024-01-31 08382643core:AfterOneYear2023-01-31 08382643core:ShareCapitalcore:PreviouslyStatedAmount2024-01-31 08382643core:ShareCapitalcore:PreviouslyStatedAmount2023-01-31 08382643core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-01-31 08382643core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-01-31 08382643core:PreviouslyStatedAmount2024-01-31 08382643core:PreviouslyStatedAmount2023-01-31 08382643business:SmallEntities2023-02-012024-01-31 08382643countries:EnglandWales2023-02-012024-01-31 08382643core:FurnitureFittings2023-01-31 08382643core:FurnitureFittings2024-01-31 08382643core:FurnitureFittings2023-02-012024-01-31 083826432022-02-012023-01-31 iso4217:GBP xbrli:pure
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
Page
- 2 -
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
- 3 -
Olive And Fig Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
59,592 
74,490 
Current assets
Debtors
71,239 
71,239 
Cash at bank and in hand
35,128 
25,657 
106,367 
96,896 
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)
Capital and reserves
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
- 4 -
Olive And Fig Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
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.
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:
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 February 2023
353,368 
At 31 January 2024
353,368 
Depreciation
At 1 February 2023
278,878 
Charge for the year
14,898 
At 31 January 2024
293,776 
Net book value
At 31 January 2024
59,592 
At 31 January 2023
74,490 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Amounts due from group undertakings etc.
71,239 
71,239 
- 5 -
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 
£ 
£ 
VAT
941 
4,284 
Amounts owed to group undertakings and other participating interests
14,293 
- 
Other creditors
80 
79 
15,314 
4,363 
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).
- 6 -