Olley Plumbing & Heating Ltd 14361347 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is plumbing and heating engineers Digita Accounts Production Advanced 6.30.9574.0 true true 14361347 2023-10-01 2024-09-30 14361347 2024-09-30 14361347 bus:OrdinaryShareClass1 2024-09-30 14361347 core:CurrentFinancialInstruments 2024-09-30 14361347 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 14361347 core:MotorVehicles 2024-09-30 14361347 core:PlantMachinery 2024-09-30 14361347 bus:SmallEntities 2023-10-01 2024-09-30 14361347 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 14361347 bus:FullAccounts 2023-10-01 2024-09-30 14361347 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 14361347 bus:RegisteredOffice 2023-10-01 2024-09-30 14361347 bus:Director1 2023-10-01 2024-09-30 14361347 bus:OrdinaryShareClass1 2023-10-01 2024-09-30 14361347 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 14361347 core:MotorVehicles 2023-10-01 2024-09-30 14361347 core:PlantMachinery 2023-10-01 2024-09-30 14361347 core:Vehicles 2023-10-01 2024-09-30 14361347 countries:EnglandWales 2023-10-01 2024-09-30 14361347 2023-09-30 14361347 core:MotorVehicles 2023-09-30 14361347 core:PlantMachinery 2023-09-30 14361347 2022-09-16 2023-09-30 14361347 2023-09-30 14361347 bus:OrdinaryShareClass1 2023-09-30 14361347 core:CurrentFinancialInstruments 2023-09-30 14361347 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 14361347 core:MotorVehicles 2023-09-30 14361347 core:PlantMachinery 2023-09-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 14361347

Olley Plumbing & Heating Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

Olley Plumbing & Heating Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Olley Plumbing & Heating Ltd

Company Information

Director

T A Olley

Registered office

38 Bushey Row
Bampton
Witney
OX18 2JU

Accountants

ENF Solutions Limited
Chartered Certified Accountant
181A Middlewood Road
Sheffield
S6 4HD

 

Olley Plumbing & Heating Ltd

(Registration number: 14361347)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

-

3,900

Current assets

 

Debtors

5

-

1,672

Cash at bank and in hand

 

630

706

 

630

2,378

Creditors: Amounts falling due within one year

6

(7,253)

(5,995)

Net current liabilities

 

(6,623)

(3,617)

Net (liabilities)/assets

 

(6,623)

283

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

(6,723)

183

Shareholders' (deficit)/funds

 

(6,623)

283

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 15 November 2024
 

 

Olley Plumbing & Heating Ltd

(Registration number: 14361347)
Balance Sheet as at 30 September 2024 (continued)

.........................................
T A Olley
Director

 

Olley Plumbing & Heating Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
38 Bushey Row
Bampton
Witney
OX18 2JU

These financial statements were authorised for issue by the director on 15 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Olley Plumbing & Heating Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and equipment

25% straight line basis

Motor vehicles

20% straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Olley Plumbing & Heating Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

4

Tangible assets

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 October 2023

1,200

3,500

4,700

Disposals

(1,200)

(3,500)

(4,700)

At 30 September 2024

-

-

-

Depreciation

At 1 October 2023

100

700

800

Charge for the year

120

700

820

Eliminated on disposal

(220)

(1,400)

(1,620)

At 30 September 2024

-

-

-

Carrying amount

At 30 September 2024

-

-

-

At 30 September 2023

1,100

2,800

3,900

5

Debtors

Current

2024
£

2023
£

Other debtors

-

1,672

 

-

1,672

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

176

4,816

Accruals and deferred income

1,150

1,179

Other creditors

5,927

-

7,253

5,995

 

Olley Plumbing & Heating Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

7

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100