Oliveto & Co. Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 12597488 (England and Wales)

Unaudited Financial Statements

for the Period

1st July 2024 to 31st December 2024

for

Oliveto & Co. Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs A Jennings

REGISTERED OFFICE:

Permanent House

1 Dundas Street

Huddersfield

HD1 2EX

REGISTERED NUMBER:

12597488 (England and Wales)

FIXED ASSETS

Tangible assets

4

43,352

48,145

CURRENT ASSETS

Debtors

5

10,839

44,481

Cash at bank and in hand

508,425

592,400

519,264

636,881

CREDITORS

Amounts falling due within one year

6

390,521

512,358

NET CURRENT ASSETS

128,743

124,523

TOTAL ASSETS LESS CURRENT
LIABILITIES

172,095

172,668

PROVISIONS FOR LIABILITIES

10,838

12,036

NET ASSETS

161,257

160,632

CAPITAL AND RESERVES

Called up share capital

7

20

Retained earnings

161,237

160,612

SHAREHOLDERS' FUNDS

161,257

160,632

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

The members have not required the Company to obtain an audit of its financial statements for the period ended 31st December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 16th June 2025 and were signed by:

Mrs A Jennings - Director

1.	STATUTORY INFORMATION

Oliveto & Co. 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.

Website

-

25% on Reducing Balance

Fixtures and fittings

-

25% on Reducing Balance

Motor vehicles

-

20% on Reducing Balance

Computer equipment

-

25% on Reducing Balance

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 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 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 period was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st July 2024

87,397

Additions

2,017

Disposals

(4,486

)

At 31st December 2024

84,928

DEPRECIATION

At 1st July 2024

39,252

Charge for period

6,810

Eliminated on disposal

(4,486

)

At 31st December 2024

41,576

NET BOOK VALUE

At 31st December 2024

43,352

At 30th June 2024

48,145

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

30.6.24

£

Trade debtors

-

40,651

Other debtors

10,839

3,830

10,839

44,481

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

30.6.24

£

Trade creditors

22,947

82,926

Taxation and social security

31,373

21,021

Other creditors

336,201

408,411

390,521

512,358

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

30.6.24

value:

£

10

Ordinary A

£1

10

Ordinary B

£1

10

20

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs A Jennings.