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REGISTERED NUMBER: 12554709 (England and Wales)






Financial Statements

for the Year Ended 30 April 2024

for

OLIVER SWEENEY UK LIMITED

OLIVER SWEENEY UK LIMITED (REGISTERED NUMBER: 12554709)

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










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


OLIVER SWEENEY UK LIMITED

Company Information
for the Year Ended 30 April 2024







DIRECTORS: T C Cooper
M H Helfgott
T A Thomson





SECRETARY: W T Tremellen





REGISTERED OFFICE: Block B Imperial Works
Perren Street
London
NW5 3ED





REGISTERED NUMBER: 12554709 (England and Wales)





AUDITORS: Pembroke Briggs Chartered Accountants
Beacon House
South Road
Weybridge
Surrey
KT13 9DZ

OLIVER SWEENEY UK LIMITED (REGISTERED NUMBER: 12554709)

Abridged Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,274 37,921

CURRENT ASSETS
Stocks 1,763,004 1,522,092
Debtors 1,711,469 1,209,206
Cash at bank 971,670 920,481
4,446,143 3,651,779
CREDITORS
Amounts falling due within one
year

1,622,433

1,247,975
NET CURRENT ASSETS 2,823,710 2,403,804
TOTAL ASSETS LESS
CURRENT LIABILITIES

2,843,984

2,441,725

CREDITORS
Amounts falling due after more
than one year

1,231,359

1,231,359
NET ASSETS 1,612,625 1,210,366

CAPITAL AND RESERVES
Called up share capital 5 1,000 1,000
Retained earnings 1,611,625 1,209,366
SHAREHOLDERS' FUNDS 1,612,625 1,210,366

OLIVER SWEENEY UK LIMITED (REGISTERED NUMBER: 12554709)

Abridged Balance Sheet - continued
30 April 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 19 September 2024 and were signed on its behalf by:





T C Cooper - Director


OLIVER SWEENEY UK LIMITED (REGISTERED NUMBER: 12554709)

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


1. STATUTORY INFORMATION

Oliver Sweeney UK 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.

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

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.

Intellectual property have been fully amortised in the current year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - Straight line over 3 years
Fixtures and fittings - Straight line over 3 years
Web & systems - Straight line over 3 years
Computer equipment - Straight line over 3 years

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.

OLIVER SWEENEY UK LIMITED (REGISTERED NUMBER: 12554709)

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


2. ACCOUNTING POLICIES - continued

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.

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.

Going concern
At the time of approving the financial statements, the Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the forseeable future. Thus the Directors continue to adopt the going concern basis of accounting in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 15 ) .

OLIVER SWEENEY UK LIMITED (REGISTERED NUMBER: 12554709)

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


4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023 98,313
Additions 14,968
At 30 April 2024 113,281
DEPRECIATION
At 1 May 2023 60,392
Charge for year 32,615
At 30 April 2024 93,007
NET BOOK VALUE
At 30 April 2024 20,274
At 30 April 2023 37,921

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
60,033 Ordinary 0.01 600 600
39,966 Ordinary A 0.01 400 400
1,000 1,000

6. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

S Briggs (Senior Statutory Auditor)
for and on behalf of Pembroke Briggs Chartered Accountants

7. CONTINGENT LIABILITIES

A Composite Guarantee dated 29 April 2022 was entered into by Oliver Sweeney Group and Oliver Sweeney UK Limited in favour of BGF Nominees Limited.

OLIVER SWEENEY UK LIMITED (REGISTERED NUMBER: 12554709)

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


8. ULTIMATE PARENT UNDERTAKING

Oliver Sweeney Group Limited is the company's immediate parent undertaking. The Registered Office is Block B Imperial Works, Perren Street, London, NW5 3ED, and the Registered Number is 13777755.