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Company Registration No. 9699776 (England and Wales)
Olive & Squash Limited Unaudited accounts for the year ended 30 June 2025
Olive & Squash Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Olive & Squash Limited Company Information for the year ended 30 June 2025
Directors
Sofia Claudia Maria Bombieri Olivia Christine Stolt-Nielsen Holten
Company Number
9699776 (England and Wales)
Registered Office
8 Great New Street London EC4A 3BN
Accountants
Gains Accountants Queen Elizabeth Olympic Park Plexal, 14 East Bay Lane London E20 3BS
- 3 -
Olive & Squash Limited Statement of financial position as at 30 June 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
124,897
151,534
Current assets
Inventories
7,000
7,000
Debtors
5
80,879
81,462
Cash at bank and in hand
509,534
205,896
597,413
294,358
Creditors: amounts falling due within one year
6
(186,786)
(153,565)
Net current assets
410,627
140,793
Total assets less current liabilities
535,524
292,327
Creditors: amounts falling due after more than one year
7
-
(26,106)
Net assets
535,524
266,221
Capital and reserves
Called up share capital
8
12,213
12,213
Share premium
939,787
939,787
Profit and loss account
(416,476)
(685,779)
Shareholders' funds
535,524
266,221
For the year ending 30 June 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 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 and delivered 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.
The financial statements were approved by the Board of Directors and authorised for issue on 21 November 2025 and were signed on its behalf by
Sofia Claudia Maria Bombieri Director Company Registration No. 9699776
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Olive & Squash Limited Notes to the Accounts for the year ended 30 June 2025
1
Statutory information
Olive & Squash Limited is a private company, limited by shares, registered in England and Wales, registration number 9699776. The registered office is 8, Great New Street, London, EC4A 3BN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on Straight Line Basis
Fixtures & fittings
in accordance with the leased property
Computer equipment
25% on Straight Line Basis
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Olive & Squash Limited Notes to the Accounts for the year ended 30 June 2025
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 July 2024
96,255
296,836
848
393,939
Additions
3,362
-
-
3,362
At 30 June 2025
99,617
296,836
848
397,301
Depreciation
At 1 July 2024
95,855
146,059
491
242,405
Charge for the year
226
29,684
89
29,999
At 30 June 2025
96,081
175,743
580
272,404
Net book value
At 30 June 2025
3,536
121,093
268
124,897
At 30 June 2024
400
150,777
357
151,534
5
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
19,965
13,962
Trade debtors
14,020
-
Accrued income and prepayments
1,894
22,500
35,879
36,462
Amounts falling due after more than one year
Other debtors
45,000
45,000
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
49,902
16,712
Taxes and social security
4,877
10,485
Other creditors
16,660
610
Loans from directors
81,195
81,195
Accruals
34,152
44,563
186,786
153,565
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
-
26,106
8
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
12,213 Ordinary shares of £1 each
12,213
12,213
- 6 -
Olive & Squash Limited Notes to the Accounts for the year ended 30 June 2025
9
Operating lease commitments
2025
2024
£
£
At 30 June 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
90,000
90,000
Later than one year and not later than five years
15,000
105,000
105,000
195,000
10
Loans to directors
Brought Forward
Advance/ credit
Repaid
Carried Forward
£
£
£
£
Director's Loan Account
81,195
-
-
81,195
81,195
-
-
81,195
11
Average number of employees
During the year the average number of employees was 19 (2024: 23).
- 7 -