Registered number
07336068
Olivia Bell Design Limited
Unaudited Accounts
31 August 2024
Olivia Bell Design Limited
Company Information
Directors
Mrs O S Bell
Accountants
Lefevres Chartered Accountants
24 Bell Lane
Blackwater
Camberley
GU17 ONW
Registered office
Valance Cottage
Upper Chute
Andover
Hampshire
SP11 9EH
Registered number
07336068
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
Olivia Bell Design Limited
Profit and Loss Account
for the year ended 31 August 2024
2024 2023
£ £
Turnover349,370310,559
Other income890
Cost of raw materials and consumables(201,972)(185,855)
Gross profit147,406124,794
Staff costs(15,532)(14,704)
Depreciation and other amounts written off assets(209)(141)
Other charges(4,540)(3,753)
Profit before taxation127,125106,196
Tax(30,189)(21,917)
Profit96,93684,279
Olivia Bell Design Limited
Registered number: 07336068
Balance Sheet
as at 31 August 2024
2024 2023
£ £
Fixed assets251460
Current assets29,30855,709
Prepayments and accrued income4040
29,348 55,749
Creditors: amounts falling due within one year(48,676)(38,995)
Net current (liabilities)/assets(19,328)16,754
Total assets less current liabilities(19,077)17,214
Accruals and deferred income(387)(999)
Net (liabilities)/assets(19,464)16,215
Capital and reserves(19,464)16,215
NumberNumber
Average number of employees11
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.
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the micro entity provisions of the Companies Act 2006 and FRS 105, The Financial Reporting Standard applicable to the Micro-entities Regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs O S Bell
Director
Approved by the board on 5 February 2025
Olivia Bell Design Limited
Detailed profit and loss account items
for the year ended 31 August 2024
This schedule does not form part of the statutory accounts
2024 2023
£ £
Sales
Sales
349,370
310,559
Other income
Interest receivable890
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
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