Registered number
08012406
Martin Oliva Ltd
Filleted Accounts
31 March 2025

Martin Oliva Ltd
Registered number: | 08012406
Balance Sheet
as at 31 March 2025
Notes |  |  | 2025 |  |  | 2024
£ | £
Fixed assets
Tangible assets | 3 |  |  | 41,043 |  |  | 46,597
Current assets
Stocks |  |  | 355,000 |  |  | 325,000
Debtors | 4 |  | - |  |  | 732
Cash at bank and in hand |  |  | 6,195 |  |  | 814
|  |  | 361,195 |  |  | 326,546
Creditors: amounts falling due within one year | 5 |  | (112,198) |  |  | (122,238)
Net current assets |  |  |  | 248,997 |  |  | 204,308
Total assets less current liabilities |  |  |  | 290,040 |  |  | 250,905
Creditors: amounts falling due after more than one year | 6 |  |  | (22,823) |  |  | (44,220)
Provisions for liabilities |  |  |  | (2,716) |  |  | (2,630)
Net assets |  |  |  | 264,501 |  |  | 204,055
Capital and reserves
Called up share capital |  |  |  | 100 |  |  | 100
Profit and loss account |  |  |  | 264,401 |  |  | 203,955
Shareholders' funds |  |  |  | 264,501 |  |  | 204,055
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Marcin Oliwa
Director
Approved by the board on 21 May 2025

Martin Oliva Ltd
Notes to the Accounts
for the year ended 31 March 2025
1 | Accounting policies
| Basis of preparation
| The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
| Turnover
| Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
| Tangible fixed assets
| Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
| Fixtures, fittings, tools and equipment | 15% reducing balance
| Motor Vehicles | over 5 years
| Stocks
| Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
| Debtors
| Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
| Creditors
| Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are recognised at transaction price net of any transaction costs.
| Taxation
| A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Current and deferred tax liabilities are not discounted.
| Provisions
| Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
| Foreign currency translation
| Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
| Leased assets
| A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases.
| Pensions
| Contributions to auto-enrollment pension plans are expensed when paid.
2 | Employees | 2025 |  | 2024
Number | Number
| Average number of persons employed by the company | 3 |  | 2
3 | Tangible fixed assets
|  |  |  | Plant and machinery etc |  | Motor vehicles |  | Total
£ | £ | £
| Cost
| At 1 April 2024 | 26,799 |  | 39,950 |  | 66,749
| Additions | 4,979 |  | - |  | 4,979
| At 31 March 2025 | 31,778 |  | 39,950 |  | 71,728
| Depreciation
| At 1 April 2024 | 14,825 |  | 5,327 |  | 20,152
| Charge for the year | 2,543 |  | 7,990 |  | 10,533
| At 31 March 2025 | 17,368 |  | 13,317 |  | 30,685
| Net book value
| At 31 March 2025 | 14,410 |  | 26,633 |  | 41,043
| At 31 March 2024 | 11,974 |  | 34,623 |  | 46,597
4 | Debtors | 2025 |  | 2024
£ | £
| Other debtors, prepayments and deposits | - |  | 732
5 | Creditors: amounts falling due within one year | 2025 |  | 2024
£ | £
| Bank loans and overdrafts | 17,433 |  | 27,637
| Obligations under finance lease and hire purchase contracts | 7,540 |  | 7,540
| Trade creditors | 7,121 |  | 14,600
| Taxation and social security costs | 43,476 |  | 32,729
| Other creditors - director's loans | 36,628 |  | 39,732
|  |  |  |  |  | 112,198 |  | 122,238
6 | Creditors: amounts falling due after one year | 2025 |  | 2024
£ | £
| Bank loans | 4,508 |  | 20,448
| Obligations under finance lease and hire purchase contracts | 18,315 |  | 23,772
|  |  |  |  |  | 22,823 |  | 44,220
7 | Other information
| Martin Oliva Ltd is a private company limited by shares and incorporated in England. Its registered office is:
| 120 George Lane
| London
| E18 1AD

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