1 August 2023 false No description of principal activity Taxfiler 2024.6 13490229business:PrivateLimitedCompanyLtd2023-08-012024-07-31 134902292023-07-31 134902292023-08-012024-07-31 13490229business:AuditExemptWithAccountantsReport2023-08-012024-07-31 13490229business:FilletedAccounts2023-08-012024-07-31 134902292024-07-31 13490229business:Director12023-08-012024-07-31 13490229business:Director22023-08-012024-07-31 13490229business:RegisteredOffice2023-08-012024-07-31 134902292023-07-31 13490229core:WithinOneYear2024-07-31 13490229core:WithinOneYear2023-07-31 13490229core:AfterOneYear2024-07-31 13490229core:AfterOneYear2023-07-31 13490229core:ShareCapitalcore:PreviouslyStatedAmount2024-07-31 13490229core:ShareCapitalcore:PreviouslyStatedAmount2023-07-31 13490229core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-07-31 13490229core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-07-31 13490229core:PreviouslyStatedAmount2024-07-31 13490229core:PreviouslyStatedAmount2023-07-31 13490229business:SmallEntities2023-08-012024-07-31 13490229countries:EnglandWales2023-08-012024-07-31 13490229core:PlantMachinery2023-08-012024-07-31 13490229core:PlantMachinery2023-07-31 13490229core:PlantMachinery2024-07-31 134902292022-08-012023-07-31 iso4217:GBP xbrli:pure
Company Registration No. 13490229 (England and Wales)
OLIVER'S LOFTS LTD Unaudited accounts for the year ended 31 July 2024
OLIVER'S LOFTS LTD Unaudited accounts Contents
Page
- 2 -
OLIVER'S LOFTS LTD Company Information for the year ended 31 July 2024
Directors
Tommy William Oliver Sean Christian Oliver
Company Number
13490229 (England and Wales)
Registered Office
SUITES 12 & 13, CHANTAL HOUSE, 13-17 HIG LOUGHTON ESSEX IG10 4BN UNITED KINGDOM
Accountants
NRV Tax Ltd Suites 12 & 13 Chantal House 13-17 High Beech Road Loughton IG10 4BN
- 3 -
OLIVER'S LOFTS LTD Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
19,042 
23,802 
Current assets
Debtors
47,218 
29,762 
Cash at bank and in hand
880 
2,374 
48,098 
32,136 
Creditors: amounts falling due within one year
(35,544)
(24,672)
Net current assets
12,554 
7,464 
Total assets less current liabilities
31,596 
31,266 
Creditors: amounts falling due after more than one year
(25,560)
(26,175)
Net assets
6,036 
5,091 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
5,936 
4,991 
Shareholders' funds
6,036 
5,091 
For the year ending 31 July 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 28 April 2025 and were signed on its behalf by
Tommy William Oliver Director Company Registration No. 13490229
- 4 -
OLIVER'S LOFTS LTD Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
OLIVER'S LOFTS LTD is a private company, limited by shares, registered in England and Wales, registration number 13490229. The registered office is SUITES 12 & 13, CHANTAL HOUSE, 13-17 HIG, LOUGHTON, ESSEX, IG10 4BN, UNITED KINGDOM.
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.
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% reducing balance method
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 August 2023
32,051 
At 31 July 2024
32,051 
Depreciation
At 1 August 2023
8,249 
Charge for the year
4,760 
At 31 July 2024
13,009 
Net book value
At 31 July 2024
19,042 
At 31 July 2023
23,802 
- 5 -
OLIVER'S LOFTS LTD Notes to the Accounts for the year ended 31 July 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
1,063 
606 
Trade debtors
2,600 
2,600 
Other debtors
43,555 
26,556 
47,218 
29,762 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
- 
(733)
Trade creditors
1,762 
17,974 
Taxes and social security
21,068 
3,533 
Loans from directors
12,714 
3,898 
35,544 
24,672 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
4,314 
7,174 
Obligations under finance leases and hire purchase contracts
21,246 
19,001 
25,560 
26,175 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
- 6 -