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REGISTERED NUMBER: 09124447 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

OLIVERS ON THE MOUNT LTD

OLIVERS ON THE MOUNT LTD (REGISTERED NUMBER: 09124447)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 August 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OLIVERS ON THE MOUNT LTD

COMPANY INFORMATION
For The Year Ended 31 August 2024







DIRECTORS: Ms Tamra Marshall
Mr George Baker-Davis





REGISTERED OFFICE: 9 East Avenue
Scalby
Scarborough
North Yorkshire
YO13 0QE





REGISTERED NUMBER: 09124447 (England and Wales)





ACCOUNTANTS: Fortus Limited
Business Advisors & Accountants
5&6 Manor Court
Manor Garth
Scarborough
North Yorkshire
YO11 3TU

OLIVERS ON THE MOUNT LTD (REGISTERED NUMBER: 09124447)

BALANCE SHEET
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 54,565 59,174
Tangible assets 5 143,889 146,678
198,454 205,852

CURRENT ASSETS
Stocks 29,331 19,634
Debtors 6 8,608 22,576
Cash at bank and in hand 55,409 79,585
93,348 121,795
CREDITORS
Amounts falling due within one year 7 138,886 157,667
NET CURRENT LIABILITIES (45,538 ) (35,872 )
TOTAL ASSETS LESS CURRENT LIABILITIES 152,916 169,980

CREDITORS
Amounts falling due after more than
one year

8

(19,982

)

(36,905

)

PROVISIONS FOR LIABILITIES (33,703 ) (34,278 )
NET ASSETS 99,231 98,797

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 99,131 98,697
99,231 98,797

OLIVERS ON THE MOUNT LTD (REGISTERED NUMBER: 09124447)

BALANCE SHEET - continued
31 August 2024


The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the Company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the Company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the Company.

The 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 March 2025 and were signed on its behalf by:





Ms Tamra Marshall - Director


OLIVERS ON THE MOUNT LTD (REGISTERED NUMBER: 09124447)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 August 2024


1. STATUTORY INFORMATION

Olivers On The Mount Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The level of rounding used in the financial statements is to the nearest £1.

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
The turnover shown in the profit and loss account represents the total invoice value, excluding value added tax, of sales made during the year. Sales are recognised in the profit and loss account at the point of sale.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of fifteen years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold property - Straight line over 10 years
Fixtures and equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of costs and net realisable value, after making due allowance for obsolete and slow moving items. Cost is calculated on a first in, first out basis.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


OLIVERS ON THE MOUNT LTD (REGISTERED NUMBER: 09124447)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 August 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 - basis of preparation
In assessing the appropriateness of the application of the going concern basis, the director has considered the uncertainties around the general economic environment, the current and future trading performance of the company and available cash. The director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, and accordingly she continues to adopt the going concern basis for preparing the financial statements.

Government grants
The company has adopted the accrual model in regards to accounting for the grants.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 45 (2023 - 45 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023 127,415
Additions 5,000
At 31 August 2024 132,415
AMORTISATION
At 1 September 2023 68,241
Amortisation for year 9,609
At 31 August 2024 77,850
NET BOOK VALUE
At 31 August 2024 54,565
At 31 August 2023 59,174

OLIVERS ON THE MOUNT LTD (REGISTERED NUMBER: 09124447)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 August 2024


5. TANGIBLE FIXED ASSETS
Short Fixtures
leasehold and Motor
property equipment vehicles Totals
£    £    £    £   
COST
At 1 September 2023 11,992 264,660 16,028 292,680
Additions 1,500 28,179 - 29,679
At 31 August 2024 13,492 292,839 16,028 322,359
DEPRECIATION
At 1 September 2023 2,422 133,562 10,018 146,002
Charge for year 1,264 29,702 1,502 32,468
At 31 August 2024 3,686 163,264 11,520 178,470
NET BOOK VALUE
At 31 August 2024 9,806 129,575 4,508 143,889
At 31 August 2023 9,570 131,098 6,010 146,678

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 8,608 22,576

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 20,590 20,339
Hire purchase contracts 1,381 5,523
Trade creditors 14,657 18,622
Taxation and social security 47,161 66,867
Other creditors 55,097 46,316
138,886 157,667

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 19,982 36,905

9. OTHER FINANCIAL COMMITMENTS

The company had outstanding commitments for future minimum lease payments under non-cancellable operating leases as at the reporting date of £52,810 (2023 £51,563).