Company Registration No. 08957859 (England and Wales)
Oldie & Co Ltd
Unaudited accounts
for the year ended 31 March 2024
Oldie & Co Ltd
Unaudited accounts
Contents
Oldie & Co Ltd
Company Information
for the year ended 31 March 2024
Directors
Luke Alexander
Rex Mcwhirter
Company Number
08957859 (England and Wales)
Registered Office
Flat 4
42 St Aubyns
Hove
BN3 2TE
United Kingdom
Accountants
Solid Ltd
Eagle House
163 City Road
London
EC1V 1NR
Oldie & Co Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
6,137
2,084
Cash at bank and in hand
18,483
63,972
Creditors: amounts falling due within one year
(29,654)
(77,142)
Net current liabilities
(11,093)
(1,285)
Total assets less current liabilities
(4,956)
799
Provisions for liabilities
Net (liabilities)/assets
(5,352)
382
Called up share capital
110
110
Profit and loss account
(5,462)
272
Shareholders' funds
(5,352)
382
For the year ending 31 March 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 31 October 2024 and were signed on its behalf by
Rex Mcwhirter
Director
Company Registration No. 08957859
Oldie & Co Ltd
Notes to the Accounts
for the year ended 31 March 2024
Oldie & Co Ltd is a private company, limited by shares, registered in England and Wales, registration number 08957859. The registered office is Flat 4, 42 St Aubyns, Hove, BN3 2TE, United Kingdom.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant & machinery
over 4 years
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Cash and cash equivalents
Cash and cash equivalents are basic financial instruments and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
Oldie & Co Ltd
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Plant & machinery
Amounts falling due within one year
Accrued income and prepayments
78
1,210
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
3,447
18,915
Loans from directors
21,901
(2,341)
Allotted, called up and fully paid:
110 Ordinary shares of £1 each
110
110
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan
2,341
-
24,111
(21,770)
Oldie & Co Ltd
Notes to the Accounts
for the year ended 31 March 2024
9
Transactions with related parties
During the year the company made purchases of £35,635 (2023: £45,906) from Oldie LLC, a US company of which Oldie & Co Ltd is the sole member.
During the year the company also made sales of £3,819 (2023: £82,729) to Oldie LLC.
10
Average number of employees
During the year the average number of employees was 0 (2023: 1).