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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
Page
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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
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Oldie & Co Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,137 
2,084 
Current assets
Debtors
78 
11,885 
Cash at bank and in hand
18,483 
63,972 
18,561 
75,857 
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
Deferred tax
(396)
(417)
Net (liabilities)/assets
(5,352)
382 
Capital and reserves
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
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Oldie & Co Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
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.
Turnover
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
Pension costs
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.
Employee benefits
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.
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Oldie & Co Ltd Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 April 2023
82,606 
Additions
6,570 
At 31 March 2024
89,176 
Depreciation
At 1 April 2023
80,522 
Charge for the year
2,517 
At 31 March 2024
83,039 
Net book value
At 31 March 2024
6,137 
At 31 March 2023
2,084 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
125 
Trade debtors
- 
10,550 
Accrued income and prepayments
78 
1,210 
78 
11,885 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
4,306 
- 
Trade creditors
- 
9 
Taxes and social security
3,447 
18,915 
Other creditors
- 
50,009 
Loans from directors
21,901 
(2,341)
Deferred income
- 
10,550 
29,654 
77,142 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
110 Ordinary shares of £1 each
110 
110 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Loan
2,341 
- 
24,111 
(21,770)
2,341 
- 
24,111 
(21,770)
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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).
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