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COMPANY REGISTRATION NUMBER: 03303579

Olivers Limited

Filleted Unaudited Financial Statements

For the year ended

31 March 2025

Olivers Limited

Financial Statements

Year ended 31 March 2025

Contents | Pages

Officers and professional advisers | 1

Statement of financial position | 2 to 3

Notes to the financial statements | 4 to 7

Olivers Limited

Officers and Professional Advisers

THE BOARD OF DIRECTORS | Mrs B K Tang
| C W Tang

COMPANY SECRETARY | C W Tang

REGISTERED OFFICE | Unit 3 Cromwell Court
| High Street
| Kimbolton
| Huntingdon
| Cambs
| PE28 0HA

ACCOUNTANTS | Streets
| Chartered Accountants
| Potton House
| Wyboston Lakes
| Great North Road
| Wyboston
| Bedford
| MK44 3BZ

BANKERS | Barclays Bank Plc
| 41 High Street
| St Neots
| Cambs
| PE19 1AS

Olivers Limited

Statement of Financial Position

31 March 2025

| 2025 | 2024
Note | £ | £ | £

Fixed assets

Tangible assets | 5 |  | 1,446 | 1,640

Current assets

Stocks | 1,069 |  | 1,205
Debtors | 6 | 6,197 |  | 1,554
Cash at bank and in hand | 13,829 |  | 28,538
| -------- |  | --------
| 21,095 |  | 31,297

Creditors: amounts falling due within one year | 7 | 10,164 |  | 14,302
| -------- |  | --------
Net current assets |  | 10,931 | 16,995
|  | -------- | --------
Total assets less current liabilities |  | 12,377 | 18,635
|  | -------- | --------
Net assets |  | 12,377 | 18,635
|  | -------- | --------

Capital and reserves

Called up share capital |  | 100 | 100
Profit and loss account |  | 12,277 | 18,535
|  | -------- | --------
Shareholders funds |  | 12,377 | 18,635
|  | -------- | --------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Olivers Limited

Statement of Financial Position (continued)

31 March 2025
These financial statements were approved by the board of directors and authorised for issue on 12 March 2026 , and are signed on behalf of the board by:
C W Tang
Director
Company registration number: 03303579

Olivers Limited

Notes to the Financial Statements

Year ended 31 March 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 3 Cromwell Court, High Street, Kimbolton, Huntingdon, Cambs, PE28 0HA. The company operates from 16 High Street, Kimbolton, Huntingdon, Cambs, PE28 0HA.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The company sold its trade and assets on 6 November 2025 and therefore also ceased to trade on this date. As a result, these accounts have been prepared on a basis other than going concern.
Commissions receivable
Commissions receivable are accounted for on an accruals basis.
Revenue recognition
The turnover shown in the statement of income and retained earnings represents goods and services supplied during the year, exclusive of value added tax, and net of trade discounts.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the year end date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more, tax, with the following exception: Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the year end date.
Operating leases
Lease payments where substantially all of the benefits and risks of ownership remain with the owner are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Shop equipment | - | 20% p.a. reducing balance or 25% p.a. straight line
| Coffee shop fixtures and equipment | - | 20% p.a. reducing balance or 25% p.a. straight line

Stocks
Goods for resale are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 5 (2024: 8 ).
5. Tangible assets

| Shop equipment | Coffee shop fixtures and equipment | Total
| £ | £ | £
Cost |  |  |
At 1 April 2024 | 3,434 | 3,810 | 7,244
Additions | – | 134 | 134
| ------- | ------- | -------
At 31 March 2025 | 3,434 | 3,944 | 7,378
| ------- | ------- | -------
Depreciation |  |  |
At 1 April 2024 | 3,129 | 2,475 | 5,604
Charge for the year | 61 | 267 | 328
| ------- | ------- | -------
At 31 March 2025 | 3,190 | 2,742 | 5,932
| ------- | ------- | -------
Carrying amount |  |  |
At 31 March 2025 | 244 | 1,202 | 1,446
| ------- | ------- | -------
At 31 March 2024 | 305 | 1,335 | 1,640
| ------- | ------- | -------

6. Debtors

| 2025 | 2024
| £ | £
Other debtors | 6,197 | 1,554
| ------- | -------

7. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | – | 2,535
Trade creditors | 3,822 | 4,310
Social security and other taxes | 1,453 | 2,197
Other creditors | 4,889 | 5,260
| -------- | --------
| 10,164 | 14,302
| -------- | --------

The bank overdraft is secured by a personal guarantee from the directors.
8. Deferred tax
The deferred tax included in the statement of financial position is as follows:

| 2025 | 2024
| £ | £
Included in debtors (note 6) | – | 52
| ---- | ----

The deferred tax account consists of the tax effect of timing differences in respect of:

| 2025 | 2024
| £ | £
Accelerated capital allowances | 275 | 353
Unused tax losses | ( 275) | ( 405)
| ---- | ----
| – | (52)
| ---- | ----

9. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:

| 2025 | 2024
| £ | £
Not later than 1 year | 5,500 | 5,500
| ------- | -------

10. Directors' advances, credit and guarantees
During the year the directors entered into the following advances and credits with the company:

| 2025
|  | Balance brought forward | Advances/ (credits) to the directors | Amounts repaid | Balance outstanding
|  | £ | £ | £ | £
| C W Tang | ( 322) | 6,672 | ( 1,558) | 4,792
|  | ---- | ------- | ------- | -------

| 2024
|  | Balance brought forward | Advances/ (credits) to the directors | Amounts repaid | Balance outstanding
|  | £ | £ | £ | £
| C W Tang | ( 3,031) | 7,311 | ( 4,602) | ( 322)
|  | ------- | ------- | ------- | ----