Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30No description of principal activity2023-07-011falsefalse1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04785860 2023-07-01 2024-06-30 04785860 2022-07-01 2023-06-30 04785860 2024-06-30 04785860 2023-06-30 04785860 c:Director1 2023-07-01 2024-06-30 04785860 d:FurnitureFittings 2023-07-01 2024-06-30 04785860 d:FurnitureFittings 2024-06-30 04785860 d:FurnitureFittings 2023-06-30 04785860 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 04785860 d:Goodwill 2024-06-30 04785860 d:Goodwill 2023-06-30 04785860 d:CurrentFinancialInstruments 2024-06-30 04785860 d:CurrentFinancialInstruments 2023-06-30 04785860 d:Non-currentFinancialInstruments 2024-06-30 04785860 d:Non-currentFinancialInstruments 2023-06-30 04785860 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 04785860 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 04785860 d:ShareCapital 2024-06-30 04785860 d:ShareCapital 2023-06-30 04785860 d:RetainedEarningsAccumulatedLosses 2024-06-30 04785860 d:RetainedEarningsAccumulatedLosses 2023-06-30 04785860 c:FRS102 2023-07-01 2024-06-30 04785860 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 04785860 c:FullAccounts 2023-07-01 2024-06-30 04785860 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 04785860 2 2023-07-01 2024-06-30 04785860 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 04785860










OLIVER PRICE LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
OLIVER PRICE LIMITED
REGISTERED NUMBER: 04785860

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
12,586
14,542

  
12,586
14,542

Current assets
  

Debtors: amounts falling due after more than one year
 6 
5,950
5,405

Debtors: amounts falling due within one year
 6 
38,157
6,967

Cash at bank and in hand
 7 
26,519
49,454

  
70,626
61,826

Creditors: amounts falling due within one year
 8 
(60,133)
(41,761)

Net current assets
  
 
 
10,493
 
 
20,065

Total assets less current liabilities
  
23,079
34,607

Provisions for liabilities
  

Deferred tax
  
(2,391)
(2,763)

  
 
 
(2,391)
 
 
(2,763)

Net assets
  
20,688
31,844


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
20,687
31,843

  
20,688
31,844


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 February 2025.

Page 1

 
OLIVER PRICE LIMITED
REGISTERED NUMBER: 04785860

BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024




O. Price
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
OLIVER PRICE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

The company is a private company, limited by shares and incorporated in England. Its registered office is Kingsridge House, 601 London Road, Westcliff-on-Sea, Essex, SS0 9PE. Its registered number is 04785860. Its principle place of business is 37 Alfred Place, London, WC1E 7DP.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
OLIVER PRICE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
15% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.9

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.10

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 4

 
OLIVER PRICE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.11

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.



3.


Employees

2024
2023
£
£

Wages and salaries
12,570
12,595

Social security costs
479
493

13,049
13,088


The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 5

 
OLIVER PRICE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Intangible assets




Goodwill

£



Cost


At 1 July 2023
20,000



At 30 June 2024

20,000



Amortisation


At 1 July 2023
20,000



At 30 June 2024

20,000



Net book value



At 30 June 2024
-



At 30 June 2023
-



Page 6

 
OLIVER PRICE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 July 2023
47,174


Additions
247



At 30 June 2024

47,421



Depreciation


At 1 July 2023
32,632


Charge for the year on owned assets
2,203



At 30 June 2024

34,835



Net book value



At 30 June 2024
12,586



At 30 June 2023
14,542


6.


Debtors

2024
2023
£
£

Due after more than one year

Prepayments and accrued income
5,950
5,405

5,950
5,405


2024
2023
£
£

Due within one year

Trade debtors
30,022
6,288

Prepayments and accrued income
8,135
679

38,157
6,967


Page 7

 
OLIVER PRICE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
26,519
49,454

26,519
49,454



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
29,657
20,106

Other taxation and social security
17,105
18,835

Other creditors
11,985
1,560

Accruals and deferred income
1,386
1,260

60,133
41,761



9.


Related party transactions

During the year the company had related party transactions with the director as follows: 
Dividends: £106,000 (2023: £116,000)


Page 8