Registered number
10596416
OLIVER ROBERTS LTD
Unaudited Filleted Accounts
30 June 2024
OLIVER ROBERTS LTD
Registered number: 10596416
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 42,624 53,281
Current assets
Debtors 4 1,007,505 1,030,011
Cash at bank and in hand 24,715 77,269
1,032,220 1,107,280
Creditors: amounts falling due within one year 5 (705,402) (640,311)
Net current assets 326,818 466,969
Total assets less current liabilities 369,442 520,250
Creditors: amounts falling due after more than one year 6 (8,494) (17,095)
Net assets 360,948 503,155
Capital and reserves
Called up share capital 2 2
Profit and loss account 360,946 503,153
Shareholders' funds 360,948 503,155
The director is 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 director acknowledges his 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 and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Ozgur Yilmaz
Director
Approved by the board on 11 March 2025
OLIVER ROBERTS LTD
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover represents revenue earned from the rent recievable during the year.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 20% Reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 21 21
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2023 78,825
At 30 June 2024 78,825
Depreciation
At 1 July 2023 25,544
Charge for the year 10,657
At 30 June 2024 36,201
Net book value
At 30 June 2024 42,624
At 30 June 2023 53,281
4 Debtors 2024 2023
£ £
Other debtors 1,007,505 1,030,011
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,440 10,887
Trade creditors 10,202 35,676
Taxation and social security costs 77,133 78,017
Other creditors 607,627 515,731
705,402 640,311
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 8,494 17,095
7 Other information
OLIVER ROBERTS LTD is a private company limited by shares and incorporated in England. Its registered office is:
Studio 6
6 Hornsey Street
London
N7 8GR
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