Acorah Software Products - Accounts Production 16.5.460 false true 31 January 2024 1 February 2023 false 1 February 2024 31 January 2025 31 January 2025 09938708 Mr Jeff Olive iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09938708 2024-01-31 09938708 2025-01-31 09938708 2024-02-01 2025-01-31 09938708 frs-core:CurrentFinancialInstruments 2025-01-31 09938708 frs-core:MotorVehicles 2025-01-31 09938708 frs-core:MotorVehicles 2024-02-01 2025-01-31 09938708 frs-core:MotorVehicles 2024-01-31 09938708 frs-core:PlantMachinery 2025-01-31 09938708 frs-core:PlantMachinery 2024-02-01 2025-01-31 09938708 frs-core:PlantMachinery 2024-01-31 09938708 frs-core:ShareCapital 2025-01-31 09938708 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 09938708 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 09938708 frs-bus:FilletedAccounts 2024-02-01 2025-01-31 09938708 frs-bus:SmallEntities 2024-02-01 2025-01-31 09938708 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 09938708 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 09938708 frs-bus:Director1 2024-02-01 2025-01-31 09938708 frs-bus:Director1 2024-01-31 09938708 frs-bus:Director1 2025-01-31 09938708 frs-countries:EnglandWales 2024-02-01 2025-01-31 09938708 2023-01-31 09938708 2024-01-31 09938708 2023-02-01 2024-01-31 09938708 frs-core:CurrentFinancialInstruments 2024-01-31 09938708 frs-core:ShareCapital 2024-01-31 09938708 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31
Registered number: 09938708
Olive Building Ltd
Financial Statements
For The Year Ended 31 January 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09938708
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 9,136 9,682
9,136 9,682
CURRENT ASSETS
Stocks 5 3,200 3,450
Debtors 6 9,499 40,470
Cash at bank and in hand 120,538 -
133,237 43,920
Creditors: Amounts Falling Due Within One Year 7 (142,045 ) (49,766 )
NET CURRENT ASSETS (LIABILITIES) (8,808 ) (5,846 )
TOTAL ASSETS LESS CURRENT LIABILITIES 328 3,836
NET ASSETS 328 3,836
CAPITAL AND RESERVES
Called up share capital 8 3 3
Profit and Loss Account 325 3,833
SHAREHOLDERS' FUNDS 328 3,836
Page 1
Page 2
For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Jeff Olive
Director
12 June 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Olive Building Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09938708 . The registered office is Damer House, Meadow Way, Wickford, Essex, SS12 9HA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added taxes, and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Reducing balance
Motor Vehicles 25% Reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Taxation represents the sum of the tax currently payable and deferred tax.
The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.
3. Average Number of Employees
The average number of employees, including directors, during the year was as follows: 3 (2024: 3)
3 3
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 February 2024 8,125 23,850 31,975
Additions - 2,500 2,500
As at 31 January 2025 8,125 26,350 34,475
Depreciation
As at 1 February 2024 5,989 16,304 22,293
Provided during the period 534 2,512 3,046
As at 31 January 2025 6,523 18,816 25,339
Net Book Value
As at 31 January 2025 1,602 7,534 9,136
As at 1 February 2024 2,136 7,546 9,682
5. Stocks
2025 2024
£ £
Finished goods 3,200 3,450
6. Debtors
2025 2024
£ £
Due within one year
Other debtors 9,499 40,470
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 62,142 10,013
Bank loans and overdrafts - 750
Other creditors 24,849 2,040
Taxation and social security 55,054 36,963
142,045 49,766
Page 4
Page 5
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 3 3
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 February 2024 Amounts advanced Amounts repaid Amounts written off As at 31 January 2025
£ £ £ £ £
Mr Jeff Olive 40,470 - 40,470 - -
The above loan is unsecured, interest free and repayable on demand.
Page 5