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REGISTERED NUMBER: 05211946 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Olive Grove Salads Limited

Olive Grove Salads Limited (Registered number: 05211946)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Olive Grove Salads Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: R Baybutt
Mrs J A Baybutt
P Baybutt





SECRETARY: Mrs J A Baybutt





REGISTERED OFFICE: 2a Swordfish Business Park
Swordfish Close
Higgins Lane
Burscough
Lancashire
L40 8JW





REGISTERED NUMBER: 05211946 (England and Wales)





ACCOUNTANTS: Kirkwood Wilson Limited
2a Swordfish Business Park
Swordfish Close
Higgins Lane
Burscough
Lancashire
L40 8JW

Olive Grove Salads Limited (Registered number: 05211946)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 725,896 729,227
725,896 729,227

CURRENT ASSETS
Stocks 402,178 453,153
Debtors 6 858,824 764,021
Cash at bank 429,391 270,217
1,690,393 1,487,391
CREDITORS
Amounts falling due within one year 7 679,754 531,940
NET CURRENT ASSETS 1,010,639 955,451
TOTAL ASSETS LESS CURRENT LIABILITIES 1,736,535 1,684,678

CREDITORS
Amounts falling due after more than one year 8 6,727 55,620
NET ASSETS 1,729,808 1,629,058

CAPITAL AND RESERVES
Called up share capital 301 301
Retained earnings 1,729,507 1,628,757
SHAREHOLDERS' FUNDS 1,729,808 1,629,058

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 January 2025 and were signed on its behalf by:




R Baybutt - Director


Olive Grove Salads Limited (Registered number: 05211946)

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

1. STATUTORY INFORMATION

Olive Grove Salads Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Changes in accounting policies
Items originally placed in plant and machinery have been moved to Land and Buildings at net book value which attracts a reduced depreciation of 4% reducing balance compared with 25% reducing balance.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Olive Grove Salads Limited (Registered number: 05211946)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 44 (2023 - 44 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 34,000
AMORTISATION
At 1 October 2023
and 30 September 2024 34,000
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2023 540,631 1,440,928 1,981,559
Additions - 112,192 112,192
At 30 September 2024 540,631 1,553,120 2,093,751
DEPRECIATION
At 1 October 2023 177,714 1,074,618 1,252,332
Charge for year 9,033 106,490 115,523
At 30 September 2024 186,747 1,181,108 1,367,855
NET BOOK VALUE
At 30 September 2024 353,884 372,012 725,896
At 30 September 2023 362,917 366,310 729,227

Olive Grove Salads Limited (Registered number: 05211946)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 October 2023
and 30 September 2024 384,300
DEPRECIATION
At 1 October 2023 243,604
Charge for year 35,269
At 30 September 2024 278,873
NET BOOK VALUE
At 30 September 2024 105,427
At 30 September 2023 140,696

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 642,370 532,699
Other debtors 216,454 231,322
858,824 764,021

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts - 14,512
Hire purchase contracts 13,333 19,750
Trade creditors 218,670 177,491
Taxation and social security 136,212 81,354
Other creditors 311,539 238,833
679,754 531,940

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans - 35,560
Hire purchase contracts 6,727 20,060
6,727 55,620