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Olivers Plants Limited
Registered Number:06487691
For the year ended 31 January 2025
England and Wales
Unaudited Financial Statements
2
For the year ended 31 January 2025
Olivers Plants Limited
Contents Page
1
Statement of Financial Position
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Notes to the Financial Statements
3
Registered Number :
06487691
As at 31 January 2025
Olivers Plants Limited
Statement of Financial Position
£
£
2024
2025
Notes
Fixed assets
Property, plant and equipment
390,018
190,522
2
390,018
190,522
Current assets
Inventories
230,500
330,500
3
Trade and other receivables
514,144
721,454
4
5,857
Cash and cash equivalents
5,243
1,057,197
750,501
Trade and other payables: amounts falling due within one year
(420,144)
(603,495)
5
330,357
453,702
Net current assets
Total assets less current liabilities
843,720
520,879
Trade and other payables: amounts falling due after more than
one year
(245,130)
(427,099)
6
-
(20,141)
Provisions for liabilities
416,621
Net assets
255,608
Capital and reserves
Called up share capital
2
2
Retained earnings
416,619
255,606
416,621
255,608
Shareholders' funds
For the year ended 31 January 2025 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 of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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4
Registered Number :
06487691
For the year ended 31 January 2025
Olivers Plants Limited
Statement of Financial Position Continued
Mr Oliver Harold Wass Director
These financial statements were approved and authorised for issue by the Board on 24 July 2025 and were signed by:
The notes form part of these financial statements
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5
For the year ended 31 January 2025
Olivers Plants Limited
Notes to the Financial Statements
Statutory Information
Olivers Plants Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number
06487691.
Registered address:
Broomfield Farm Nursery
Coggeshall Road
Earls Colne
Essex
CO6 2JX
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting
Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006.
The financial statements have been prepared under the historical costs convention as modified by the revaluation of certain
assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Leasehold Buildings
5% Straight line
Plant and Machinery
25% Reducing balance
33% Reducing balance
Computer Equipment
25% Reducing balance
Motor Vehicles
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
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6
For the year ended 31 January 2025
Olivers Plants Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
Equipment
Motor Vehicles
Plant and
Machinery
Leasehold
Buildings
£
£
£
£
£
Cost or valuation
At 01 February 2024
329,472
41,181
23,300
164,012
100,979
256,112
1,215
-
87,980
166,917
Additions
At 31 January 2025
251,992
23,300
42,396
585,584
267,896
Provision for depreciation and impairment
At 01 February 2024
138,950
33,138
16,980
65,257
23,575
Charge for year
56,616
3,055
1,580
46,683
5,298
At 31 January 2025
195,566
36,193
18,560
111,940
28,873
At 31 January 2025
Net book value
239,023
140,052
4,740
6,203
390,018
At 31 January 2024
77,404
98,755
6,320
8,043
190,522
3. Inventories
2024
2025
£
£
Stocks
330,500
230,500
4. Trade and other receivables
2024
2025
£
£
Trade debtors
110,914
67,900
Amounts owed by group undertakings and participating interests
610,540
446,244
514,144
721,454
The debtors above include the following amounts falling due after more than one year:
Amounts owed by group undertakings and participating interests
610,540
446,244
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7
For the year ended 31 January 2025
Olivers Plants Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2024
2025
£
£
Bank loans and overdraft
34,071
82,267
Trade creditors
288,786
129,478
Taxation and social security
7,444
26,402
Accruals and deferred income
1,650
1,650
Directors' loan accounts
250,910
130,160
Other creditors
20,634
50,187
603,495
420,144
6. Trade and other payables: amounts falling due after more than one year
2024
2025
£
£
Bank loans and overdraft
362,082
170,540
Bank loans and overdraft (secured)
65,017
74,590
427,099
245,130
7. Average number of persons employed
During the year the average number of employees was 27 (2024 : 26)
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