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REGISTERED NUMBER: 07087751 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

OLIVER WOTHERSPOON LTD

OLIVER WOTHERSPOON LTD (REGISTERED NUMBER: 07087751)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OLIVER WOTHERSPOON LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTORS: O J R Wotherspoon
Mrs T F Wotherspoon





REGISTERED OFFICE: Workshop E1
The Swan Centre
4 Higher Swan Lane
Bolton
Greater Manchester
BL3 3AQ





REGISTERED NUMBER: 07087751 (England and Wales)





ACCOUNTANTS: Wallwork Nelson & Johnson
Chandler House
7 Ferry Road Office Park
Riversway
Preston
Lancashire
PR2 2YH

OLIVER WOTHERSPOON LTD (REGISTERED NUMBER: 07087751)

BALANCE SHEET
30 NOVEMBER 2024

30/11/24 30/11/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 112,740 109,097
Tangible assets 5 207,016 222,940
Investments 6 100,627 68,668
420,383 400,705

CURRENT ASSETS
Stocks 10,000 20,000
Debtors 7 275,524 128,246
Cash at bank and in hand 149,240 250,164
434,764 398,410
CREDITORS
Amounts falling due within one year 8 236,770 169,824
NET CURRENT ASSETS 197,994 228,586
TOTAL ASSETS LESS CURRENT
LIABILITIES

618,377

629,291

CREDITORS
Amounts falling due after more than one
year

9

(63,851

)

(78,117

)

PROVISIONS FOR LIABILITIES (42,229 ) (43,887 )
NET ASSETS 512,297 507,287

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 512,295 507,285
SHAREHOLDERS' FUNDS 512,297 507,287

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

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 WOTHERSPOON LTD (REGISTERED NUMBER: 07087751)

BALANCE SHEET - continued
30 NOVEMBER 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 August 2025 and were signed on its behalf by:





O J R Wotherspoon - Director


OLIVER WOTHERSPOON LTD (REGISTERED NUMBER: 07087751)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1. STATUTORY INFORMATION

Oliver Wotherspoon Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of twenty five years.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and any provision for impairment in value.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life

Plant and machinery - 20% on cost
Office equipment- 20 % on cost
Motor vehicles- 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

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 year 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.

OLIVER WOTHERSPOON LTD (REGISTERED NUMBER: 07087751)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

2. ACCOUNTING POLICIES - continued

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.

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.

Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in
operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Development
costs
£   
COST
At 1 December 2023
and 30 November 2024 182,184
AMORTISATION
At 1 December 2023 73,087
Amortisation for year (3,643 )
At 30 November 2024 69,444
NET BOOK VALUE
At 30 November 2024 112,740
At 30 November 2023 109,097

OLIVER WOTHERSPOON LTD (REGISTERED NUMBER: 07087751)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2023 77,906 42,172 197,060 19,464 336,602
Additions 542 1,383 51,769 1,808 55,502
Disposals (31,995 ) - (29,367 ) - (61,362 )
At 30 November 2024 46,453 43,555 219,462 21,272 330,742
DEPRECIATION
At 1 December 2023 39,493 3,565 61,044 9,560 113,662
Charge for year 6,849 5,868 28,410 2,550 43,677
Eliminated on disposal (12,798 ) - (20,815 ) - (33,613 )
At 30 November 2024 33,544 9,433 68,639 12,110 123,726
NET BOOK VALUE
At 30 November 2024 12,909 34,122 150,823 9,162 207,016
At 30 November 2023 38,413 38,607 136,016 9,904 222,940

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 December 2023 31,995 129,842 161,837
Additions - 51,770 51,770
Disposals (31,995 ) - (31,995 )
At 30 November 2024 - 181,612 181,612
DEPRECIATION
At 1 December 2023 11,198 22,566 33,764
Charge for year 1,600 23,613 25,213
Eliminated on disposal (12,798 ) - (12,798 )
At 30 November 2024 - 46,179 46,179
NET BOOK VALUE
At 30 November 2024 - 135,433 135,433
At 30 November 2023 20,797 107,276 128,073

OLIVER WOTHERSPOON LTD (REGISTERED NUMBER: 07087751)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 December 2023 68,668
Additions 31,959
At 30 November 2024 100,627
NET BOOK VALUE
At 30 November 2024 100,627
At 30 November 2023 68,668

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/24 30/11/23
£    £   
Trade debtors 188,714 119,815
Directors' current accounts 80,279 -
Prepayments and accrued income 6,531 8,431
275,524 128,246

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/24 30/11/23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 45,180 41,913
Trade creditors 29,874 35,904
Tax 13,060 6,662
Social security and other taxes 68,422 31,276
Other creditors 2,451 2,448
Directors' current accounts - 357
Accrued expenses 67,783 41,264
236,770 169,824

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/11/24 30/11/23
£    £   
Bank loans - 1-2 years 5,000 10,000
Bank loans - 2-5 years - 5,000
Hire purchase contracts 58,851 63,117
63,851 78,117

OLIVER WOTHERSPOON LTD (REGISTERED NUMBER: 07087751)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

10. SECURED DEBTS

The following secured debts are included within creditors:

30/11/24 30/11/23
£    £   
Bank loans 15,000 25,000
Hire purchase contracts 104,031 105,030
119,031 130,030

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2024 and 30 November 2023:

30/11/24 30/11/23
£    £   
O J R Wotherspoon and Mrs T F Wotherspoon
Balance outstanding at start of year (357 ) (26,979 )
Amounts advanced 238,806 183,971
Amounts repaid (158,170 ) (157,349 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 80,279 (357 )

12. ULTIMATE CONTROLLING PARTY

The company is under the control of the directors by virtue of their 100% holding in the issued share capital of the company.