REGISTERED NUMBER: 01861607 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 January 2025

for

Olympian Sheds Limited

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Intangible assets

4

19,640

17,200

Tangible assets

5

177,507

109,163

197,147

126,363

CURRENT ASSETS

Stocks

460,400

542,884

Debtors

6

141,276

229,324

Cash at bank and in hand

144,469

241,679

746,145

1,013,887

CREDITORS

Amounts falling due within one year

7

469,144

670,065

NET CURRENT ASSETS

277,001

343,822

TOTAL ASSETS LESS CURRENT LIABILITIES

474,148

470,185

PROVISIONS FOR LIABILITIES

43,140

31,491

NET ASSETS

431,008

438,694

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

430,908

438,594

SHAREHOLDERS' FUNDS

431,008

438,694

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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 Profit and Loss Account has not been delivered.

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

Mr B Williams - Director

1.	STATUTORY INFORMATION

Olympian Sheds Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

01861607

Registered office:

Moston Road

Springvale Industrial Estate

Sandbach

Cheshire

CW11 3JA

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Revenue is recognised as the company becomes entitled to consideration for the goods supplied.

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.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

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

Improvements to property

-

10% on cost

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% 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 Profit and Loss Account, 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.

Hire purchase and leasing commitments

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.

Grants

The grant received is being released to the profit and loss over the economic useful life of the asset.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2024 - 20 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 February 2024

113,275

Additions

8,800

At 31 January 2025

122,075

AMORTISATION

At 1 February 2024

96,075

Amortisation for year

6,360

At 31 January 2025

102,435

NET BOOK VALUE

At 31 January 2025

19,640

At 31 January 2024

17,200

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 February 2024

60,288

104,474

109,414

Additions

-

-

34,993

Disposals

-

-

-

At 31 January 2025

60,288

104,474

144,407

DEPRECIATION

At 1 February 2024

32,252

88,774

73,083

Charge for year

3,447

2,355

17,831

Eliminated on disposal

-

-

-

At 31 January 2025

35,699

91,129

90,914

NET BOOK VALUE

At 31 January 2025

24,589

13,345

53,493

At 31 January 2024

28,036

15,700

36,331

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 February 2024

108,741

19,680

402,597

Additions

90,223

167

125,383

Disposals

(20,890

)

-

(20,890

)

At 31 January 2025

178,074

19,847

507,090

DEPRECIATION

At 1 February 2024

90,829

8,496

293,434

Charge for year

25,857

2,838

52,328

Eliminated on disposal

(16,179

)

-

(16,179

)

At 31 January 2025

100,507

11,334

329,583

NET BOOK VALUE

At 31 January 2025

77,567

8,513

177,507

At 31 January 2024

17,912

11,184

109,163

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

15,551

43,370

Amounts owed by group undertakings

116,904

166,391

Other debtors

8,821

19,563

141,276

229,324

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

79,324

44,961

Amounts owed to group undertakings

185,598

437,598

Taxation and social security

182,775

156,657

Other creditors

21,447

30,849

469,144

670,065

8.	OTHER FINANCIAL COMMITMENTS

The financial commitments, which are not included in the balance sheet amount to £36,304 (2024: £4,200). These financial commitments represent the total amount of payments for various leases ending in 2028.

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Willbro Holdings Limited.