2024-05-01 2025-04-30 11962399 OLIVER WAGG LIMITED false 11962399 2024-05-01 2025-04-30 11962399 uk-bus:Director1 2024-05-01 2025-04-30 11962399 uk-bus:AuditExempt-NoAccountantsReport 2024-05-01 2025-04-30 11962399 uk-bus:SmallEntities 2024-05-01 2025-04-30 11962399 uk-bus:FullAccounts 2024-05-01 2025-04-30 11962399 uk-bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 11962399 2024-05-01 11962399 2025-04-30 11962399 2024-04-30 xbrli:pure iso4217:GBP 11962399 2023-05-01 2024-04-30

Company Registration Number : 11962399 (England and Wales)
11962399
This company is a private limited company
This company sells stuff to other companies
The company was trading for the entire period
Full Accounts
2025-04-30
false
OLIVER WAGG LIMITED
The accounts were prepared in accordance with FRS102A
The accounts have been audited
2024-05-01
OLIVER WAGG LIMITED Unaudited filleted financial statements For the year ended 30 April 2025

OLIVER WAGG LIMITED Contents For the year ended 30 April 2025

CONTENTS | PAGE
Company Information | 3
Statement of Financial Position | 4
Notes to the Financial Statements | 5 - 6

OLIVER WAGG LIMITED Company Information For the year ended 30 April 2025

Company registration number |  | 11962399 (England and Wales)
Director |  | Mr O J C Wagg
Registered office address |  | 44 High Street
|  | West End
|  | Southampton
|  | SO30 3DR
Accountant |  | BBK Accounts Ltd
|  | 44 High Street
|  | West End
|  | Southampton
|  | SO30 3DR

OLIVER WAGG LIMITED Statement of Financial Position For the year ended 30 April 2025

|  |  | 2025 |  | 2024
| Notes |  | £ |  | £
Fixed assets |  |  |  |  |
Property, plant and equipment |  |  | 984 |  | 1,507
| 6 |  | 984 |  | 1,507
Current assets |  |  |  |  |
Debtors |  |  | 8,047 |  | 718
Cash and cash equivalents |  |  | 3,315 |  | 5,647
|  |  | 11,362 |  | 6,365
Current liabilities |  |  |  |  |
Creditors: Amounts falling due within one year |  |  | - |  | (6,833)
Corporation tax payable |  |  | (12,287) |  | (8,548)
|  |  | (12,287) |  | (15,381)
Net current (liabilities)/assets |  |  | (925) |  | (9,016)
Total assets less current liabilities |  |  | 59 |  | (7,509)
Net assets/(liabilities) |  |  | 59 |  | (7,509)
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 2 |  | 2
Retained earnings |  |  | 57 |  | (7,511)
Shareholder's funds |  |  | 59 |  | (7,509)
For the year ended 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006. The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The director acknowledges their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A. The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small entities regime. All the members of the company have consented to the drawing up of the abridged balance sheet.
For the year ended 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The director acknowledges their responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 20 January 2026
.............................
Mr O J C Wagg (Director)
Company registration number: 11962399

/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */

Balance sheet at 2025-04-30 30 April 2025
|  |  |  | 2025 |  | 2024
|  |  |  | £ |  | £
Fixed Assets |  |  |  | 984 |  | 1,507
Current Assets |  |  |  | 10,973 |  | 5,647
Cash in Hand/Bank |  |  |  | 3,315 |  | 5,647
Prepayments and accrued income |  |  |  | 389 |  | 718
Creditors: amounts falling due within one year |  |  |  | (12,287) |  | (15,381)
Net current assets/(liabilities) |  |  |  | (925) |  | (9,016)
Total assets less current liabilities |  |  |  | 59 |  | (7,509)
Net Assets/(liabilities) |  |  |  | 59 |  | (7,509)
Capital and Reserves |  |  |  | 59 |  | (7,509)
Called up share capital |  |  |  | 2 |  | 2
Profit and loss account |  |  |  | 57 |  | (7,511)
SHAREHOLDER'S FUND |  |  |  | 59 |  | (7,509)
For the year ending 30/04/2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. For the year ending 30-04-2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit for the year in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the small companies provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of directors on 20 January 2026 2026-01-20 and signed on behalf of the board, |  |  |  |  |  |  |  |  |  |
............................. |  |  |  |  |  |  |  |  |  |
Mr O J C Wagg |  |  |  |  |  |  |  |  |  |
Director |  |  |  |  |  |  |  |  |  |
Company registration number: 11962399 |  |  |  |  |  |  |  |  |  |

OLIVER WAGG LIMITED Notes to the Financial Statements For the year ended 30 April 2025

(1) General Information
The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is 44 High Street, West End, Southampton, SO30 3DR.
(2) Statement of compliance
These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime.
(3) Significant Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met as described below.
Rendering of Services
Revenue from provision of services rendered in the reporting period is recognised when the outcome of a transaction for the rendering of services can be estimated reliably in terms of revenue, costs and its stage of completion of the specific transaction at the end of the reporting period. The stage of completion is determined on the basis of the actual completion of a proportion of the total services to be rendered. When the outcome of a service contract cannot be estimated reliably the company only recognises revenue to the extent of the recoverable expenses recognised.
Property, plant and equipment
Property, plant and equipment is stated at cost less accumulated depreciation and impairment losses. Part of an item of property, plant and equipment having different useful lives are accounted for as separate items. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives, using the straight-line method. The estimated useful lives, residual values and depreciation method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis. Depreciation is provided to write off the cost less estimated residual value, of each asset over its expected useful life as follows:
Asset class and depreciation rate
Land and Buildings |
Plant and Machinery | 25% reducing balance
Short Leasehold Properties |
Investment Properties |
Long Leasehold Properties |
Commercial Vehicles |
Fixtures and Fittings | 25% reducing balance
Equipment | 25% reducing balance
Motor Cars |
Taxation
Taxation expense represents the amount of current tax recognised in the reporting period.
Current Tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit before tax as reported in the income statement because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
(4) Employees
During the year, the average number of employees including director was 1 (2024 : 2).
(5) Directors advances, credit and guarantees
Overdrawn
The company was owed £5,490 by the director at the end of the period.
(6) Fixed assets
| Tangible £
Cost |
As at 01 May 2024 | 3,413
Additions | 368
Disposals | (1,608)
As at 30 April 2025 | 2,173
Depreciation/Amortisation |
As at 01 May 2024 | 1,906
For the year | 214
Write off on disposals | (931)
As at 30 April 2025 | 1,189
Net book value |
As at 30 April 2025 | 984
As at 30 April 2024 | 1,507