Registered number |
Company Information |
Directors |
Accountants |
Lefevres Chartered Accountants |
24 Bell Lane |
Blackwater |
Camberley |
GU17 ONW |
Registered office |
Valance Cottage |
Upper Chute |
Andover |
Hampshire |
SP11 9EH |
Registered number |
Olivia Bell Design Limited | ||||
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Olivia Bell Design Limited for the year ended 31 August 2024 | ||||
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Olivia Bell Design Limited for the year ended 31 August 2024 which comprise of the Profit and Loss Account and the Balance Sheet from the company’s accounting records and from information and explanations you have given us. | ||||
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance | ||||
This report is made solely to the Board of Directors of Olivia Bell Design Limited, as a body, in accordance with the terms of our engagement letter dated 4 August 2010. Our work has been undertaken solely to prepare for your approval the accounts of Olivia Bell Design Limited and state those matters that we have agreed to state to the Board of Directors of Olivia Bell Design Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Olivia Bell Design Limited and its Board of Directors as a body for our work or for this report. | ||||
It is your duty to ensure that Olivia Bell Design Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Olivia Bell Design Limited. You consider that Olivia Bell Design Limited is exempt from the statutory audit requirement for the year. | ||||
We have not been instructed to carry out an audit or a review of the accounts of Olivia Bell Design Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts. | ||||
Lefevres Chartered Accountants | ||||
Chartered Accountants | ||||
24 Bell Lane | ||||
Blackwater | ||||
Camberley | ||||
GU17 ONW | ||||
5 February 2025 | ||||
Profit and Loss Account | |||||||
for the year ended | |||||||
2024 | 2023 | ||||||
£ | £ | ||||||
Turnover | |||||||
Other income | |||||||
Cost of raw materials and consumables | ( | ( | |||||
Gross profit | |||||||
Staff costs | ( | ( | |||||
Depreciation and other amounts written off assets | ( | ( | |||||
Other charges | ( | ( | |||||
Profit before taxation | |||||||
Tax | ( | ( | |||||
Profit | |||||||
Registered number: | |||||||
Balance Sheet | |||||||
as at | |||||||
2024 | 2023 | ||||||
£ | £ | ||||||
Fixed assets | |||||||
Current assets | |||||||
Prepayments and accrued income | |||||||
29,348 | 55,749 | ||||||
Creditors: amounts falling due within one year | ( | ( | |||||
Net current (liabilities)/assets | ( | ||||||
Total assets less current liabilities | ( | ||||||
Accruals and deferred income | ( | ( | |||||
Net (liabilities)/assets | ( | ||||||
Capital and reserves | ( | ||||||
Number | Number | ||||||
Average number of employees | |||||||
The company is a private company limited by shares and incorporated in England. Its registered office is Valance Cottage, Upper Chute, Andover, Hampshire, SP11 9EH. | |||||||
Mrs O S Bell | |||||||
Director | |||||||
Approved by the board on | |||||||
Detailed profit and loss account items | ||||
for the year ended | ||||
This schedule does not form part of the statutory accounts | ||||
2024 | 2023 | |||
£ | £ | |||
Sales | ||||
Sales | 349,370 | 310,559 | ||
Other income | ||||
Interest receivable | ||||
Cost of raw materials and consumables | ||||
Purchases | 201,972 | 191,643 | ||
Increase in stocks | - | ( 5,788 ) | ||
201,972 | 185,855 | |||
Staff costs | ||||
Directors' salaries | 9,100 | 9,100 | ||
Pensions | 2,400 | 2,400 | ||
Staff training and welfare | - | 25 | ||
Travel and subsistence | 3,293 | 2,885 | ||
Entertaining | 739 | 294 | ||
15,532 | 14,704 | |||
Depreciation and other amounts written off assets | ||||
Depreciation | 209 | 141 | ||
Other charges | ||||
Premises costs: | ||||
Use of home | 312 | 312 | ||
312 | 312 | |||
General administrative expenses: | ||||
Telephone and internet | 785 | 374 | ||
Postage | 142 | 191 | ||
Stationery and printing | 297 | 162 | ||
Information and publications | 128 | - | ||
Bank charges | 120 | 140 | ||
Insurance | 228 | 260 | ||
Equipment expensed | 287 | 118 | ||
Software | 404 | 770 | ||
Bad debts | 1 | 67 | ||
2,392 | 2,082 | |||
Legal and professional costs: | ||||
Accountancy fees | 1,300 | 825 | ||
Consultancy fees | - | 475 | ||
Advertising and PR | 38 | 6 | ||
Other legal and professional | 74 | 53 | ||
1,412 | 1,359 | |||
Other | ||||
Carriage | 418 | - | ||
Other direct costs | 6 | - | ||
424 | - | |||
4,540 | 3,753 |