Caseware UK (AP4) 2023.0.135 2023.0.135 2023-02-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falseNo description of principal activity66truetrue 06900436 2023-02-01 2024-01-31 06900436 2022-02-01 2023-01-31 06900436 2024-01-31 06900436 2023-01-31 06900436 c:CompanySecretary1 2023-02-01 2024-01-31 06900436 c:Director1 2023-02-01 2024-01-31 06900436 c:Director2 2023-02-01 2024-01-31 06900436 c:Director3 2023-02-01 2024-01-31 06900436 c:Director4 2023-02-01 2024-01-31 06900436 c:RegisteredOffice 2023-02-01 2024-01-31 06900436 c:Agent1 2023-02-01 2024-01-31 06900436 d:FurnitureFittings 2023-02-01 2024-01-31 06900436 d:FurnitureFittings 2024-01-31 06900436 d:FurnitureFittings 2023-01-31 06900436 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 06900436 d:CurrentFinancialInstruments 2024-01-31 06900436 d:CurrentFinancialInstruments 2023-01-31 06900436 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 06900436 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 06900436 d:ShareCapital 2024-01-31 06900436 d:ShareCapital 2023-01-31 06900436 d:RetainedEarningsAccumulatedLosses 2024-01-31 06900436 d:RetainedEarningsAccumulatedLosses 2023-01-31 06900436 c:FRS102 2023-02-01 2024-01-31 06900436 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 06900436 c:FullAccounts 2023-02-01 2024-01-31 06900436 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 06900436 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure

Registered number: 06900436









Oliver Harvey Limited







Unaudited

Financial statements

For the Year Ended 31 January 2024

 
Oliver Harvey Limited
 
 
Company Information


Directors
I D Mitchell 
J C Shonfeld 
R C Shonfeld 
C D Shacklady 




Company secretary
J C Shonfeld



Registered number
06900436



Registered office
Tibard House
Broadway

Dukinfield

Cheshire

SK16 4UU




Accountants
Hurst Accountants Limited
Chartered Accountants

3 Stockport Exchange

Stockport

Cheshire

SK1 3GG




Bankers
National Westminster Bank Plc
Market Place

Hyde

Cheshire

SK14 2LY




Solicitors
Mills & Reeve LLP
8th & 9th Floor

1 New York Street

Manchester

M1 4AD





 
Oliver Harvey Limited
 

Contents



Page
Balance Sheet
 
1 - 2
Notes to the Financial Statements
 
3 - 8


 
Oliver Harvey Limited
Registered number: 06900436

Balance Sheet
As at 31 January 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
36,005
31,575

  
36,005
31,575

Current assets
  

Stocks
 5 
409,803
311,946

Debtors: amounts falling due within one year
 6 
440,213
1,510,825

Cash at bank and in hand
 7 
2,259,224
1,111,290

  
3,109,240
2,934,061

Creditors: amounts falling due within one year
 8 
(534,243)
(726,029)

Net current assets
  
 
 
2,574,997
 
 
2,208,032

Total assets less current liabilities
  
2,611,002
2,239,607

Provisions for liabilities
  

Deferred tax
  
(8,538)
(5,471)

Net assets
  
2,602,464
2,234,136


Capital and reserves
  

Called up share capital 
  
30
30

Profit and loss account
  
2,602,434
2,234,106

  
2,602,464
2,234,136


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.
 
Page 1

 
Oliver Harvey Limited
Registered number: 06900436
    
Balance Sheet (continued)
As at 31 January 2024


The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



I D Mitchell
Director

Date: 28 October 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
Oliver Harvey Limited
 
 
 
Notes to the Financial Statements
For the Year Ended 31 January 2024

1.


General information

Oliver Harvey Limited is a private company limited by shares and incorporated in England.  The address of the registered office and principal place of business is Tibard House, Broadway, Dukinfield, Cheshire, SK16 4UU.  The company's registered number is 06900436.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue is recognised upon dispatch of goods.

 
2.3

Leased assets: the Company as lessee

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. 
Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.

Page 3

 
Oliver Harvey Limited
 
 
 
Notes to the Financial Statements
For the Year Ended 31 January 2024

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 4

 
Oliver Harvey Limited
 
 
 
Notes to the Financial Statements
For the Year Ended 31 January 2024

2.Accounting policies (continued)

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
15-33% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. 

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

Debtors

Short term debtors are measured at transaction price, less any impairment

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

 
2.11

Creditors

Short term creditors are measured at the transaction price.

 
2.12

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 5

 
Oliver Harvey Limited
 
 
 
Notes to the Financial Statements
For the Year Ended 31 January 2024

2.Accounting policies (continued)

 
2.13

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans to related parties.

 
2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







Management
6
6


4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 February 2023
125,450


Additions
16,276



At 31 January 2024

141,726



Depreciation


At 1 February 2023
93,875


Charge for the year on owned assets
11,846



At 31 January 2024

105,721



Net book value



At 31 January 2024
36,005



At 31 January 2023
31,575

Page 6

 
Oliver Harvey Limited
 
 
 
Notes to the Financial Statements
For the Year Ended 31 January 2024

5.


Stocks

2024
2023
£
£

Finished goods and goods for resale
409,803
311,946





6.


Debtors

2024
2023
£
£


Trade debtors
143,313
172,447

Other debtors
285,270
1,323,835

Prepayments and accrued income
11,630
14,543

440,213
1,510,825



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
2,259,224
1,111,290



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
280,565
512,564

Corporation tax
155,636
132,185

Other taxation and social security
22,822
10,497

Other creditors
478
69

Accruals and deferred income
74,742
70,714

534,243
726,029



9.


Guarantees and other financial commitments

Contingencies and commitments at the balance sheet date totalled £897,522 (2023: £1,014,925).

Page 7

 
Oliver Harvey Limited
 
 
 
Notes to the Financial Statements
For the Year Ended 31 January 2024

10.


Related party transactions

An interest-free loan totalling £285,270 was outstanding from a Company with common directors at 31 January 2024 (2023: £1,323,835).

Page 8