Ollands Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 03441520

Ollands Limited

Unaudited financial statements

31 March 2025

Ollands Limited

Statement of financial position

31 March 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	5		259,615		178,514

Current assets

Stocks		11,270	14,000
Debtors	6	187,868	184,479
Cash at bank and in hand		111,336	77,804
		---------	---------
		310,474	276,283

Creditors: Amounts falling due within one year	7	( 215,449)		( 153,508)
		---------		---------
Net current assets			95,025		122,775
			---------		---------
Total assets less current liabilities			354,640		301,289

Creditors: Amounts falling due after more than one year	8		( 97,673)		( 25,731)

Provisions

Taxation including deferred tax	( 64,715)	( 44,437)
	---------	---------
Net assets	192,252	231,121
	---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	192,152	231,021
	---------	---------
Shareholders funds	192,252	231,121
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Ollands Limited

Statement of financial position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 7 August 2025 , and are signed on behalf of the board by:

S R Barton
Director

Company registration number: 03441520

Ollands Limited

Notes to the financial statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Woodland Farm, Shortthorn Road, Stratton Strawless, Norwich, NR10 5NU.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	10% and 25% reducing balance
Motor vehicles	-	25% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of employees during the year was 13 (2024: 12 ).

5. Tangible assets

	Plant and machinery	Motor vehicles	Total
	£	£	£
Cost
At 1 April 2024	29,065	481,397	510,462
Additions	–	135,500	135,500
Disposals	–	( 8,745)	( 8,745)
	-------	---------	---------
At 31 March 2025	29,065	608,152	637,217
	-------	---------	---------
Depreciation
At 1 April 2024	13,919	318,029	331,948
Charge for the year	1,650	52,749	54,399
Disposals	–	( 8,745)	( 8,745)
	-------	---------	---------
At 31 March 2025	15,569	362,033	377,602
	-------	---------	---------
Carrying amount
At 31 March 2025	13,496	246,119	259,615
	-------	---------	---------
At 31 March 2024	15,146	163,368	178,514
	-------	---------	---------

6. Debtors

	2025	2024
	£	£
Trade debtors	130,755	128,354
Other debtors	57,113	56,125
	---------	---------
	187,868	184,479
	---------	---------

7. Creditors: Amounts falling due within one year

	2025	2024
	£	£
Trade creditors	45,518	46,926
Social security and other taxes	50,697	67,166
Other creditors	119,234	39,416
	---------	---------
	215,449	153,508
	---------	---------

Liabilities in respect of hire purchase agreements of £32,376 (2024: £34,677) are secured by the company.

8. Creditors: Amounts falling due after more than one year

	2025	2024
	£	£
Other creditors	97,673	25,731
	-------	-------

Liabilities in respect of hire purchase agreements of £97,673 (2024: £25,731) are secured by the company.

9. Controlling party

The ultimate parent company is SRB Company Holdings Limited.