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Company Registration No. 14413445 (England and Wales)
The Olive Oil Guy Ltd Unaudited accounts for the year ended 31 October 2025
The Olive Oil Guy Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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The Olive Oil Guy Ltd Company Information for the year ended 31 October 2025
Director
M Assaf
Company Number
14413445 (England and Wales)
Registered Office
124 City Road London EC1V 2NX
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The Olive Oil Guy Ltd Statement of financial position as at 31 October 2025
2025
2024
Notes
£
£
Called up share capital not paid
2,632
-
Fixed assets
Intangible assets
4
17,852
18,228
Current assets
Inventories
5
40,316
24,991
Debtors
6
36,299
8,138
Cash at bank and in hand
22,775
29,491
99,390
62,620
Creditors: amounts falling due within one year
7
(92,720)
(58,456)
Net current assets
6,670
4,164
Total assets less current liabilities
27,154
22,392
Creditors: amounts falling due after more than one year
8
(105,000)
(25,000)
Net liabilities
(77,846)
(2,608)
Capital and reserves
Called up share capital
9
52,632
50,000
Profit and loss account
(130,478)
(52,608)
Shareholders' funds
(77,846)
(2,608)
For the year ending 31 October 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 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 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 and authorised for issue on 19 February 2026 and were signed on its behalf by
M Assaf Director Company Registration No. 14413445
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The Olive Oil Guy Ltd Notes to the Accounts for the year ended 31 October 2025
1
Statutory information
The Olive Oil Guy Ltd is a private company, limited by shares, registered in England and Wales, registration number 14413445. The registered office is 124 City Road, London, EC1V 2NX.
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.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. They are amortised over their estimated useful life of 10 years.
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.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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The Olive Oil Guy Ltd Notes to the Accounts for the year ended 31 October 2025
Going concern
The accounts have been prepared on a going concern basis on the understanding that the director will continue to support the company for the foreseeable future.
4
Intangible fixed assets
Other
£
Cost
At 1 November 2024
19,626
Additions
1,594
At 31 October 2025
21,220
Amortisation
At 1 November 2024
1,398
Charge for the year
1,970
At 31 October 2025
3,368
Net book value
At 31 October 2025
17,852
At 31 October 2024
18,228
5
Inventories
2025
2024
£
£
Raw materials
19,895
12,609
Finished goods
20,421
12,382
40,316
24,991
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
27,636
6,090
Accrued income and prepayments
1,168
260
Other debtors
7,495
1,788
36,299
8,138
7
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
10,653
5,006
Taxes and social security
502
-
Other creditors
81,565
53,450
92,720
58,456
Included in other creditors within one year is a director's loan of £66,982 (2024: £51,057) for which no interest or repayment terms have been set.
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The Olive Oil Guy Ltd Notes to the Accounts for the year ended 31 October 2025
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
105,000
25,000
Included in other creditors after one year is a director's loan of £105,000 (2024: £25,000) for which no interest terms have been set.
9
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
50,000 Ordinary shares of £1 each
50,000
50,000
2,632 VV shares of £1 each
2,632
-
52,632
50,000
Shares issued during the period:
2,632 VV shares of £1 each
2,632
10
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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