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REGISTERED NUMBER: 04417361 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 31 December 2024

for

The Real Olive Company Limited

The Real Olive Company Limited (Registered number: 04417361)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


The Real Olive Company Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: B R Flight
K Andersson
A Cox





SECRETARY: B R Flight





REGISTERED OFFICE: Charlton Road
Brentry
Bristol
BS10 6NF





REGISTERED NUMBER: 04417361 (England and Wales)

The Real Olive Company Limited (Registered number: 04417361)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 177,348 233,467

CURRENT ASSETS
Stocks 387,920 341,379
Debtors 5 649,023 571,360
Cash at bank 70,997 81,492
1,107,940 994,231
CREDITORS
Amounts falling due within one year 6 774,257 669,322
NET CURRENT ASSETS 333,683 324,909
TOTAL ASSETS LESS CURRENT
LIABILITIES

511,031

558,376

CREDITORS
Amounts falling due after more than one
year

7

183,377

203,777
NET ASSETS 327,654 354,599

CAPITAL AND RESERVES
Called up share capital 411,283 411,283
Share premium 374,650 374,650
Retained earnings (458,279 ) (431,334 )
327,654 354,599

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 4 June 2025 and were signed on its behalf by:





B R Flight - Director


The Real Olive Company Limited (Registered number: 04417361)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

The Real Olive Company Limited 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 10% on straight line basis
Plant and machinery - 12.5% on a straight line basis
Fixtures and fittings - 20% on straight line basis
Motor vehicles - 20% on straight line basis

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2023 - 31 ) .

The Real Olive Company Limited (Registered number: 04417361)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2024
and 31 December 2024 207,251 280,889 5,798 900 494,838
DEPRECIATION
At 1 January 2024 117,093 141,445 2,203 630 261,371
Charge for year 20,725 34,055 1,159 180 56,119
At 31 December 2024 137,818 175,500 3,362 810 317,490
NET BOOK VALUE
At 31 December 2024 69,433 105,389 2,436 90 177,348
At 31 December 2023 90,158 139,444 3,595 270 233,467

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 390,371 385,835
Other debtors 17,399 16,845
Directors' current accounts - 41
VAT 54,342 36,889
Deferred tax asset 68,005 93,058
Prepayments 118,906 38,692
649,023 571,360

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 316,962 325,063
Hire purchase contracts 8,136 14,806
Trade creditors 372,006 278,315
Tax - (23,653 )
Social security and other taxes 25,212 20,718
Other creditors 3,448 11,648
Deferred income 25,515 13,882
Accrued expenses 22,978 28,543
774,257 669,322

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 2-5 years 183,377 195,641
Hire purchase contracts - 8,136
183,377 203,777