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Company Registration No. 07660140 (England and Wales)
Oliver General Builders Limited Unaudited accounts for the year ended 30 June 2025
Oliver General Builders Limited Statement of financial position as at 30 June 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
5
15,879
19,042
Current assets
Inventories
20,000
8,304
Debtors
6
6,577
3,106
Cash at bank and in hand
177,954
176,988
204,531
188,398
Creditors: amounts falling due within one year
7
(60,410)
(59,262)
Net current assets
144,121
129,136
Total assets less current liabilities
160,000
148,178
Provisions for liabilities
Deferred tax
(3,970)
-
Net assets
156,030
148,178
Capital and reserves
Called up share capital
100
100
Profit and loss account
155,930
148,078
Shareholders' funds
156,030
148,178
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 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 12 March 2026 and were signed on its behalf by
A Reekie Director Company Registration No. 07660140
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Oliver General Builders Limited Notes to the Accounts for the year ended 30 June 2025
1
Statutory information
Oliver General Builders Limited is a private company, limited by shares, registered in England and Wales, registration number 07660140. The registered office is 21 Leazes Avenue, Chaldon, Caterham, CR3 5AG, England.
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.
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
20% reducing balance
Motor vehicles
25% reducing balance
Computer equipment
25% reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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 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.
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.
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.
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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Oliver General Builders Limited Notes to the Accounts for the year ended 30 June 2025
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current or deferred taxation assets and liabilities are not discounted. Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
4
Intangible fixed assets
Goodwill
£
Cost
At 1 July 2024
200,000
At 30 June 2025
200,000
Amortisation
At 1 July 2024
200,000
At 30 June 2025
200,000
Net book value
At 30 June 2025
-
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 July 2024
30,835
52,960
2,046
85,841
Additions
-
-
1,332
1,332
At 30 June 2025
30,835
52,960
3,378
87,173
Depreciation
At 1 July 2024
23,149
41,797
1,853
66,799
Charge for the year
1,537
2,791
167
4,495
At 30 June 2025
24,686
44,588
2,020
71,294
Net book value
At 30 June 2025
6,149
8,372
1,358
15,879
At 30 June 2024
7,686
11,163
193
19,042
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
3,410
2,580
Other debtors
3,167
526
6,577
3,106
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Oliver General Builders Limited Notes to the Accounts for the year ended 30 June 2025
7
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
14,829
7,939
Obligations under finance leases and hire purchase contracts
6,672
13,951
Trade creditors
8,723
4,063
Taxes and social security
26,260
9,946
Other creditors
3,334
15,131
Loans from directors
592
8,232
60,410
59,262
8
Average number of employees
During the year the average number of employees was 6 (2024: 5).
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