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Registered number: 07555315
Olivers Wine Agency Limited
Financial Statements
For The Year Ended 28 February 2025
Retail Efficiency Ltd
49a Fitzherbert Road
Farlington
Hants
PO6 1RU
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 07555315
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,963 2,963
2,963 2,963
CURRENT ASSETS
Debtors 5 28,898 7,907
Investments 6 6,108 6,108
Cash at bank and in hand 4,863 8,115
39,869 22,130
Creditors: Amounts Falling Due Within One Year 7 (67,678 ) (79,810 )
NET CURRENT ASSETS (LIABILITIES) (27,809 ) (57,680 )
TOTAL ASSETS LESS CURRENT LIABILITIES (24,846 ) (54,717 )
NET LIABILITIES (24,846 ) (54,717 )
CAPITAL AND RESERVES
Called up share capital 8 120 120
Profit and Loss Account (24,966 ) (54,837 )
SHAREHOLDERS' FUNDS (24,846) (54,717)
For the year ending 28 February 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 Peter Griggs
Director
09/12/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Olivers Wine Agency Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07555315 . The registered office is Unit 17-18 Borers Yard Borers Arms Road, Copthorne, Crawley, West Sussex, RH10 3LH.
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, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any 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:
Leasehold 10%
Plant & Machinery 10%
Fixtures & Fittings 10%
3. Average Number of Employees
Average number of employees, including directors, during the year was: 18 (2024: 18)
18 18
4. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Total
£ £ £
Cost
As at 29 February 2024 26,327 13,183 39,510
As at 28 February 2025 26,327 13,183 39,510
Depreciation
As at 29 February 2024 26,327 10,220 36,547
As at 28 February 2025 26,327 10,220 36,547
Net Book Value
As at 28 February 2025 - 2,963 2,963
As at 29 February 2024 - 2,963 2,963
Page 2
Page 3
5. Debtors
2025 2024
£ £
Due within one year
Prepayments and accrued income 10,826 2,707
Credit Card Rec Receivable 6,375 4,272
Director's loan account 11,697 928
28,898 7,907
6. Current Asset Investments
2025 2024
£ £
Short term deposits 6,108 6,108
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 26,470 23,497
Bank loans and overdrafts 12,465 22,500
VAT 4,483 6,454
Holiday Fund control acc 2,676 2,676
PAYE NI Control Acc 2,825 951
Pension Control Acc 387 370
VAT Suspense 16,972 13,829
Accruals and deferred income 1,400 9,533
67,678 79,810
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 120 120
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 29 February 2024 Amounts advanced Amounts repaid Amounts written off As at 28 February 2025
£ £ £ £ £
Mr Peter Griggs - 11,697 - - 11,697
The above loan is unsecured, interest free and repayable on demand.
Page 3