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Logo On Report
Registered Number: 07644946
England and Wales

 

 

 

TOBIAS OLIVER INTERIORS LTD.


Abridged Accounts
 


Period of accounts

Start date: 01 June 2023

End date: 31 May 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Intangible fixed assets 3   3,750 
Tangible fixed assets 4 28,637    28,777 
28,637    32,527 
Current assets      
Stocks 184,165    169,263 
Debtors 162,866    458,572 
Cash at bank and in hand 57,410    244,817 
404,441    872,652 
Creditors: amount falling due within one year (178,952)   (595,599)
Net current assets 225,489    277,053 
 
Total assets less current liabilities 254,126    309,580 
Creditors: amount falling due after more than one year (313,869)   (397,642)
Net assets (59,743)   (88,062)
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account (59,843)   (88,162)
Shareholders' funds (59,743)   (88,062)
 


For the year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 26 February 2025 and were signed by:


-------------------------------
TOBIAS TRIGG
Director
1
General Information
TOBIAS OLIVER INTERIORS LTD. is a private company, limited by shares, registered in England and Wales, registration number 07644946, registration address 85-87 HIGH STREET, HIGH STREET BERKHAMSTED, HP4 2DF.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Website cost
Planning and operating costs for the company's website are charged to the income statement as incurred.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 20% Straight Line
Computer Equipment 50% Straight Line
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 4 (2023 : 3).
3.

Intangible fixed assets

Cost Other - 20% Straight Line   Total
  £   £
At 01 June 2023 22,500    22,500 
Additions  
Disposals  
At 31 May 2024 22,500    22,500 
Amortisation
At 01 June 2023 18,750    18,750 
Charge for year 3,750    3,750 
On disposals  
At 31 May 2024 22,500    22,500 
Net book values
At 31 May 2024  
At 31 May 2023 3,750    3,750 


4.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Computer Equipment   Total
  £   £   £
At 01 June 2023 125,981    6,562    132,543 
Additions 23,083    3,996    27,079 
Disposals (6,616)   (4,496)   (11,112)
At 31 May 2024 142,448    6,062    148,510 
Depreciation
At 01 June 2023 98,753    5,013    103,766 
Charge for year 24,519    2,699    27,218 
On disposals (6,615)   (4,496)   (11,111)
At 31 May 2024 116,657    3,216    119,873 
Net book values
Closing balance as at 31 May 2024 25,791    2,846    28,637 
Opening balance as at 01 June 2023 27,228    1,549    28,777 


2