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Company Registration No. 01748571 (England and Wales)
Olympic Compactor Rentals (UK) Limited Unaudited accounts for the year ended 31 December 2024
Olympic Compactor Rentals (UK) Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Olympic Compactor Rentals (UK) Limited Company Information for the year ended 31 December 2024
Directors
David Brash James Brash Michael Cece DJ Brask
Company Number
01748571 (England and Wales)
Registered Office
Old Lane Holbrook Industrial Estate Sheffield South Yorkshire S20 3GZ England
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Olympic Compactor Rentals (UK) Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
2,193,089 
1,775,568 
Investments
5
2,028,293 
2,370,976 
4,221,382 
4,146,544 
Current assets
Inventories
140,488 
185,257 
Debtors
6
1,027,591 
250,660 
Cash at bank and in hand
81,910 
416,808 
1,249,989 
852,725 
Creditors: amounts falling due within one year
7
(1,559,444)
(1,026,773)
Net current liabilities
(309,455)
(174,048)
Total assets less current liabilities
3,911,927 
3,972,496 
Provisions for liabilities
Deferred tax
(256,661)
(256,661)
Net assets
3,655,266 
3,715,835 
Capital and reserves
Called up share capital
8
102 
102 
Share premium
434 
434 
Profit and loss account
3,654,730 
3,715,299 
Shareholders' funds
3,655,266 
3,715,835 
For the year ending 31 December 2024 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by
David Brash Director Company Registration No. 01748571
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Olympic Compactor Rentals (UK) Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Olympic Compactor Rentals (UK) Limited is a private company, limited by shares, registered in England and Wales, registration number 01748571. The registered office is Old Lane, Holbrook Industrial Estate, Sheffield, South Yorkshire, S20 3GZ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
No depreciation
Plant & machinery
Straight line over 7 to 10 years
Fixtures & fittings
Straight line over 10 years
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2024
622,046 
3,019,049 
111,910 
3,753,005 
Additions
459,314 
328,958 
- 
788,272 
Disposals
- 
(374,693)
- 
(374,693)
At 31 December 2024
1,081,360 
2,973,314 
111,910 
4,166,584 
Depreciation
At 1 January 2024
- 
1,927,053 
50,384 
1,977,437 
Charge for the year
- 
233,653 
11,191 
244,844 
On disposals
- 
(248,786)
- 
(248,786)
At 31 December 2024
- 
1,911,920 
61,575 
1,973,495 
Net book value
At 31 December 2024
1,081,360 
1,061,394 
50,335 
2,193,089 
At 31 December 2023
622,046 
1,091,996 
61,526 
1,775,568 
- 5 -
Olympic Compactor Rentals (UK) Limited Notes to the Accounts for the year ended 31 December 2024
5
Investments
Subsidiary undertakings 
£ 
Valuation at 1 January 2024
2,370,976 
Additions
31,156 
Fair value adjustments
(373,839)
Valuation at 31 December 2024
2,028,293 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
195,508 
211,104 
Amounts due from group undertakings etc.
829,155 
34,589 
Accrued income and prepayments
2,928 
2,517 
1,027,591 
248,210 
Amounts falling due after more than one year
Trade debtors
- 
2,450 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
7,363 
4,712 
Trade creditors
34,932 
181,443 
Taxes and social security
9,587 
30,323 
Other creditors
- 
48,000 
Loans from directors
1,405,000 
652,000 
Accruals
9,688 
15,844 
Deferred income
92,874 
94,451 
1,559,444 
1,026,773 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
102 Ordinary shares of £1 each
102 
102 
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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