| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Period 1 October 2023 to 31 March 2025 |
| for |
| Oliver Perry Ltd |
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Period 1 October 2023 to 31 March 2025 |
| for |
| Oliver Perry Ltd |
| Oliver Perry Ltd (Registered number: 11762030) |
| Contents of the Financial Statements |
| for the period 1 October 2023 to 31 March 2025 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 4 |
| Oliver Perry Ltd |
| Company Information |
| for the period 1 October 2023 to 31 March 2025 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Datum House |
| Electra Way |
| Crewe |
| Cheshire |
| CW1 6ZF |
| Oliver Perry Ltd (Registered number: 11762030) |
| Statement of Financial Position |
| 31 March 2025 |
| 2025 | 2023 |
| Notes | £ | £ |
| FIXED ASSETS |
| Intangible assets | 5 |
| Tangible assets | 6 |
| CURRENT ASSETS |
| Stocks | 7 |
| Debtors: amounts falling due within one year | 8 |
| Debtors: amounts falling due after more than one year |
8 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 9 | ( |
) | ( |
) |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
10 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | 14 | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps 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 Sections 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. |
| Oliver Perry Ltd (Registered number: 11762030) |
| Statement of Financial Position - continued |
| 31 March 2025 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Oliver Perry Ltd (Registered number: 11762030) |
| Notes to the Financial Statements |
| for the period 1 October 2023 to 31 March 2025 |
| 1. | STATUTORY INFORMATION |
| Oliver Perry Ltd ('The Company') are a wholesaler of fruit and vegetables. |
| The company is a private company limited by shares and is incorporated in England and Wales. The address of the principal place of business is Moss Lane, Cranage, Cheshire, CW10 9NG and address of the registered office is Shanty Farm, Moss Lane Byley, Middlewich, Cheshire, CW10 9NG. The registered number can be found on the Company Information page. |
| The presentation currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements are rounded to the nearest £. |
| The accounting reference date of the company has been lengthened to report an eighteen-month trading period ended 31 March 2025. The comparative period is a twelve-month period. |
| 2. | STATEMENT OF COMPLIANCE |
| 3. | ACCOUNTING POLICIES |
| Summary of significant accounting policies |
| The principal accounting policies applied in the preparation of these financial statements are set out below. |
| These policies have been consistently applied to all years presented, unless otherwise stated. |
| Basis of preparation |
| The financial statements are prepared on the going concern basis under the historical cost convention and comply with the United Kingdom Accounting Standards and Companies Act 2006. |
| Going concern |
| No material uncertainties that may cast doubt about the ability of the company to continue as a going concern have been identified by the directors, other than those relating to the economy, in general and the hospitality sector, in particular. |
| Notwithstanding any uncertainties, including the net current liability position shown in the balance sheet, the directors consider it appropriate to prepare the financial statements on the going concern basis. |
| Revenue recognition |
| Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. |
| Income is recognised when goods and services have been delivered to customers such that risks and rewards of ownership have transferred to them. |
| Goodwill |
| Goodwill, being the amount paid in connection with the acquisition of a business in 2020, has been amortised evenly over its useful life of five years. |
| Oliver Perry Ltd (Registered number: 11762030) |
| Notes to the Financial Statements - continued |
| for the period 1 October 2023 to 31 March 2025 |
| 3. | ACCOUNTING POLICIES - continued |
| Tangible fixed assets |
| Tangible fixed assets are stated at historical cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. |
| Depreciation is provided at the following annual rates so as to write off their cost less residual amounts over their estimated useful economic lives. Assets are also reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the assets carrying amount exceeds its recoverable amount. |
| Improvements to leasehold | - Straight line over remainder of lease |
| Plant and machinery | - 5% on cost |
| Plant and machinery | - 20% on cost |
| Fixtures and fittings | - 25% on reducing balance |
| Motor vehicles | - 25% on reducing balance |
| Computer equipment | - 33.33% on cost |
| The residual values and useful lives of assets are reviewed and adjusted if appropriate at each statement of financial position date. |
| Stocks |
| Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). |
| Taxation |
| Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the end of the financial period. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the end of the financial period. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference. |
| 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. |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability. |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
| Oliver Perry Ltd (Registered number: 11762030) |
| Notes to the Financial Statements - continued |
| for the period 1 October 2023 to 31 March 2025 |
| 3. | ACCOUNTING POLICIES - continued |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
| Impairment of assets |
| Assets not measured at fair value are reviewed for any indications that the asset may be impaired at each statement of financial position date. If such indications exists the recoverable amount of the asset or the assets cash generating unit is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease. |
| Any losses arising from impairment are recognised in the Statement of Comprehensive Income under the appropriate heading. |
| 4. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| 5. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| COST |
| At 1 October 2023 |
| and 31 March 2025 |
| AMORTISATION |
| At 1 October 2023 |
| Amortisation for period |
| At 31 March 2025 |
| NET BOOK VALUE |
| At 31 March 2025 |
| At 30 September 2023 |
| Oliver Perry Ltd (Registered number: 11762030) |
| Notes to the Financial Statements - continued |
| for the period 1 October 2023 to 31 March 2025 |
| 6. | TANGIBLE FIXED ASSETS |
| Improvements | Fixtures |
| to | Plant and | and |
| leasehold | machinery | fittings |
| £ | £ | £ |
| COST |
| At 1 October 2023 |
| Additions |
| Disposals |
| At 31 March 2025 |
| DEPRECIATION |
| At 1 October 2023 |
| Charge for period |
| Eliminated on disposal |
| At 31 March 2025 |
| NET BOOK VALUE |
| At 31 March 2025 |
| At 30 September 2023 |
| Motor | Computer |
| vehicles | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1 October 2023 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31 March 2025 |
| DEPRECIATION |
| At 1 October 2023 |
| Charge for period |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31 March 2025 |
| NET BOOK VALUE |
| At 31 March 2025 |
| At 30 September 2023 |
| Oliver Perry Ltd (Registered number: 11762030) |
| Notes to the Financial Statements - continued |
| for the period 1 October 2023 to 31 March 2025 |
| 6. | TANGIBLE FIXED ASSETS - continued |
| Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
| Motor |
| vehicles |
| £ |
| COST |
| At 1 October 2023 |
| Additions |
| Transfer to ownership | (37,999 | ) |
| At 31 March 2025 |
| DEPRECIATION |
| At 1 October 2023 |
| Charge for period |
| Transfer to ownership | (20,170 | ) |
| At 31 March 2025 |
| NET BOOK VALUE |
| At 31 March 2025 |
| At 30 September 2023 |
| 7. | STOCKS |
| 2025 | 2023 |
| £ | £ |
| Stocks |
| 8. | DEBTORS |
| 2025 | 2023 |
| £ | £ |
| Amounts falling due within one year: |
| Trade debtors |
| Other debtors |
| Amounts falling due after more than one year: |
| Other debtors |
| Aggregate amounts |
| Oliver Perry Ltd (Registered number: 11762030) |
| Notes to the Financial Statements - continued |
| for the period 1 October 2023 to 31 March 2025 |
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2023 |
| £ | £ |
| Bank loans and overdrafts (see note 11) |
| Hire purchase contracts (see note 12) |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 10. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2025 | 2023 |
| £ | £ |
| Bank loans (see note 11) |
| Hire purchase contracts (see note 12) |
| 11. | LOANS |
| An analysis of the maturity of loans is given below: |
| 2025 | 2023 |
| £ | £ |
| Amounts falling due within one year or on demand: |
| Bank loans |
| Amounts falling due between one and two years: |
| Bank loans - 1-2 years |
| Amounts falling due between two and five years: |
| Bank loans - 2-5 years |
| 12. | LEASING AGREEMENTS |
| Minimum lease payments fall due as follows: |
| Hire purchase |
| contracts |
| 2025 | 2023 |
| £ | £ |
| Net obligations repayable: |
| Within one year |
| Between one and five years |
| Oliver Perry Ltd (Registered number: 11762030) |
| Notes to the Financial Statements - continued |
| for the period 1 October 2023 to 31 March 2025 |
| 12. | LEASING AGREEMENTS - continued |
| Non-cancellable |
| operating leases |
| 2025 | 2023 |
| £ | £ |
| Within one year |
| Between one and five years |
| 13. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2025 | 2023 |
| £ | £ |
| Hire purchase contracts | 89,475 | 79,383 |
| Invoice financing | 211,641 | 124,080 |
| The hire purchase contracts are secured over the assets to which they relate. |
| Invoice financing liabilities are secured over trade debts of the company. |
| 14. | PROVISIONS FOR LIABILITIES |
| 2025 | 2023 |
| £ | £ |
| Deferred tax | 54,224 | 31,716 |
| Deferred |
| tax |
| £ |
| Balance at 1 October 2023 |
| Charge to Income Statement during period |
| Balance at 31 March 2025 |
| 15. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to directors subsisted during the period ended 31 March 2025 and the year ended 30 September 2023: |
| 2025 | 2023 |
| £ | £ |
| Balance outstanding at start of period |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of period |
| Oliver Perry Ltd (Registered number: 11762030) |
| Notes to the Financial Statements - continued |
| for the period 1 October 2023 to 31 March 2025 |
| 15. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued |
| Balance outstanding at start of period |
| Amounts advanced |
| Amounts repaid |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of period |
| During the period interest receivable of £271 (2023: £190) has been charged in respect of the director's loans. |
| At 31 March 2025 an amount of £55,516 is owed from the directors and this is included within other debtors: amounts falling due within one year. |
| At 30 September 2023 an amount of £1,330 was owed to the directors and this is included within other creditors: amounts falling due within one year. |