Company Registration No. 13564816 (England and Wales)
Olive Bedford Ltd
Unaudited accounts
for the year ended 31 August 2024
Olive Bedford Ltd
Unaudited accounts
Contents
Olive Bedford Ltd
Company Information
for the year ended 31 August 2024
Directors
Huseyin Agac
Ibrahim Halil Demir
Company Number
13564816 (England and Wales)
Registered Office
Unit 4b
Riverside Square
Bedford
Bedfordshire
MK40 1AS
England
Accountants
Alpha Tax Advisors
Unit 1, Stanier Square Centre
Bletchley, Milton Keynes
United Kingdom
MK2 2FY
Olive Bedford Ltd
Statement of financial position
as at 31 August 2024
Tangible assets
150,180
116,285
Cash at bank and in hand
28,468
90,931
Creditors: amounts falling due within one year
(272,837)
(148,578)
Net current liabilities
(31,923)
(51,762)
Total assets less current liabilities
118,257
64,523
Provisions for liabilities
Deferred tax
(3,922)
(3,922)
Called up share capital
200
200
Profit and loss account
114,135
60,401
Shareholders' funds
114,335
60,601
For the year ending 31 August 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 29 May 2025 and were signed on its behalf by
Huseyin Agac
Director
Company Registration No. 13564816
Olive Bedford Ltd
Notes to the Accounts
for the year ended 31 August 2024
Olive Bedford Ltd is a private company, limited by shares, registered in England and Wales, registration number 13564816. The registered office is Unit 4b, Riverside Square, Bedford, Bedfordshire, MK40 1AS, England.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 September 2023
72,916
82,358
7,370
162,644
Additions
4,365
59,563
70
63,998
At 31 August 2024
77,281
141,921
7,440
226,642
At 1 September 2023
20,865
22,854
2,640
46,359
Charge for the year
11,283
17,860
960
30,103
At 31 August 2024
32,148
40,714
3,600
76,462
At 31 August 2024
45,133
101,207
3,840
150,180
At 31 August 2023
52,051
59,504
4,730
116,285
Olive Bedford Ltd
Notes to the Accounts
for the year ended 31 August 2024
Amounts falling due within one year
Trade debtors
9,997
(2,953)
Accrued income and prepayments
69,305
8,654
Other debtors
86,790
(8,757)
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Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
138,680
-
Trade creditors
28,992
57,668
Taxes and social security
31,383
30,395
Other creditors
32,847
4,061
Loans from directors
2,750
9,300
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Deferred taxation
2024
2023
Accelerated capital allowances
3,922
3,922
Provision at start of year
3,922
3,922
Provision at end of year
3,922
3,922
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Average number of employees
During the year the average number of employees was 35 (2023: 32).