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Company Registration No. 9699776 (England and Wales)
Olive & Squash Limited Unaudited accounts for the year ended 30 June 2024
Olive & Squash Limited Unaudited accounts Contents
Page
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Olive & Squash Limited Company Information for the year ended 30 June 2024
Directors
Sofia Claudia Maria Bombieri Olivia Christine Stolt-Nielsen Holten
Company Number
9699776 (England and Wales)
Registered Office
8 Great New Street London EC4A 3BN
Accountants
Gains Accountants Queen Elizabeth Olympic Park Plexal, 14 East Bay Lane London E20 3BS
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Olive & Squash Limited Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
151,534 
180,937 
Current assets
Inventories
7,000 
8,400 
Debtors
81,462 
65,612 
Cash at bank and in hand
205,896 
187,069 
294,358 
261,081 
Creditors: amounts falling due within one year
(153,565)
(293,135)
Net current assets/(liabilities)
140,793 
(32,054)
Total assets less current liabilities
292,327 
148,883 
Creditors: amounts falling due after more than one year
(26,106)
(26,351)
Net assets
266,221 
122,532 
Capital and reserves
Called up share capital
12,213 
12,213 
Share premium
939,787 
939,787 
Profit and loss account
(685,779)
(829,468)
Shareholders' funds
266,221 
122,532 
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 March 2025 and were signed on its behalf by
Sofia Claudia Maria Bombieri Director Company Registration No. 9699776
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Olive & Squash Limited Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Olive & Squash Limited is a private company, limited by shares, registered in England and Wales, registration number 9699776. The registered office is 8, Great New Street, London, EC4A 3BN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on Straight Line Basis
Fixtures & fittings
in accordance with the leased property
Computer equipment
25% on Straight Line Basis
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Olive & Squash Limited Notes to the Accounts for the year ended 30 June 2024
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 July 2023
95,742 
296,836 
848 
393,426 
Additions
513 
- 
- 
513 
At 30 June 2024
96,255 
296,836 
848 
393,939 
Depreciation
At 1 July 2023
95,741 
116,376 
372 
212,489 
Charge for the year
114 
29,683 
119 
29,916 
At 30 June 2024
95,855 
146,059 
491 
242,405 
Net book value
At 30 June 2024
400 
150,777 
357 
151,534 
At 30 June 2023
1 
180,460 
476 
180,937 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
13,962 
19,498 
Trade debtors
- 
1,114 
Accrued income and prepayments
22,500 
- 
36,462 
20,612 
Amounts falling due after more than one year
Other debtors
45,000 
45,000 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
- 
9,747 
Trade creditors
16,712 
28,289 
Taxes and social security
10,485 
15,075 
Other creditors
610 
821 
Loans from directors
81,195 
211,040 
Accruals
44,563 
28,163 
153,565 
293,135 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
26,106 
26,351 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
12,213 Ordinary shares of £1 each
12,213 
12,213 
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Olive & Squash Limited Notes to the Accounts for the year ended 30 June 2024
9
Operating lease commitments
2024 
2023 
£ 
£ 
At 30 June 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
90,000 
90,000 
Later than one year and not later than five years
105,000 
195,000 
195,000 
285,000 
10
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Sofia Claudia Maria Bombieri
Director's Loan Account
181,445 
- 
100,250 
81,195 
Olivia Christine Stolt-Nielsen Holten
Director's Loan Account
29,596 
- 
29,596 
- 
211,041 
- 
129,846 
81,195 
11
Average number of employees
During the year the average number of employees was 23 (2023: 18).
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