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Company Registration No. 06044410 (England and Wales)
OLIVER LEE TRADING LIMITED Unaudited accounts for the year ended 31 May 2024
OLIVER LEE TRADING LIMITED Unaudited accounts Contents
Page
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OLIVER LEE TRADING LIMITED Company Information for the year ended 31 May 2024
Director
O J Levey
Company Number
06044410 (England and Wales)
Registered Office
64B ROSEVILLE ROAD LEEDS WEST YORKSHIRE LS8 5DR ENGLAND
Accountants
A M SHERMAN & CO 43 BROOMHILL DRIVE LEEDS LS17 6JW
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OLIVER LEE TRADING LIMITED Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
740 
112 
Current assets
Inventories
35,275 
63,612 
Debtors
294,376 
274,540 
Cash at bank and in hand
1,573,207 
1,156,932 
1,902,858 
1,495,084 
Creditors: amounts falling due within one year
(179,980)
(114,425)
Net current assets
1,722,878 
1,380,659 
Net assets
1,723,618 
1,380,771 
Capital and reserves
Called up share capital
80 
80 
Capital redemption reserve
20 
20 
Profit and loss account
1,723,518 
1,380,671 
Shareholders' funds
1,723,618 
1,380,771 
For the year ending 31 May 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 28 October 2024 and were signed on its behalf by
O J Levey Director Company Registration No. 06044410
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OLIVER LEE TRADING LIMITED Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
OLIVER LEE TRADING LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06044410. The registered office is 64B ROSEVILLE ROAD, LEEDS, WEST YORKSHIRE, LS8 5DR, 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:
Fixtures & fittings
over 4 years
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 June 2023
2,753 
Additions
875 
At 31 May 2024
3,628 
Depreciation
At 1 June 2023
2,641 
Charge for the year
247 
At 31 May 2024
2,888 
Net book value
At 31 May 2024
740 
At 31 May 2023
112 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
196,763 
144,039 
Other debtors
97,613 
130,501 
294,376 
274,540 
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OLIVER LEE TRADING LIMITED Notes to the Accounts for the year ended 31 May 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
17,145 
7,635 
Trade creditors
21,389 
12,000 
Taxes and social security
115,142 
88,592 
Other creditors
26,304 
6,198 
179,980 
114,425 
7
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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