Olivers Transport Ltd 31/10/2025 iXBRL

Company registration number: SC115642

Olivers Transport Ltd

Unaudited filleted financial statements

31 October 2025

Olivers Transport Ltd

Contents

Directors and other information

Accountants report

Statement of financial position

Statement of changes in equity

Notes to the financial statements

Olivers Transport Ltd

Directors and other information


	Directors	Mr K.A. Oliver
		Mrs E.E.L. Oliver


	Secretary	Mrs E.E.L. Oliver


	Company number	SC115642


	Registered office	Hassington Road
		Eccles, Kelso
		Roxburghshire
		TD5 7QS


	Business address	Hassington Road
		Eccles, Kelso
		Roxburghshire
		TD5 7QS


	Accountants	Harrison Hutchinson Ltd
		246 Park View
		Whitley Bay
		Tyne and Wear
		NE26 3QX

Olivers Transport Ltd

Chartered accountants report to the board of directors on the preparation of the

unaudited statutory financial statements of Olivers Transport Ltd

Year ended 31st October 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Olivers Transport Ltd for the year ended 31st October 2025 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.

This report is made solely to the board of directors of Olivers Transport Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Olivers Transport Ltd and state those matters that we have agreed to state to the board of directors of Olivers Transport Ltd as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Olivers Transport Ltd and its board of directors as a body for our work or for this report.

It is your duty to ensure that Olivers Transport Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Olivers Transport Ltd. You consider that Olivers Transport Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Olivers Transport Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Harrison Hutchinson Ltd

Chartered Accountants

246 Park View

Whitley Bay

Tyne and Wear

NE26 3QX

Olivers Transport Ltd

Statement of financial position

31st October 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Intangible assets	5	-		-
Tangible assets	6	3,154,622		3,075,904
Investments	7	565,783		565,783
		_________		_________
			3,720,405		3,641,687

Current assets
Stocks		14,180		12,495
Debtors	8	4,216,530		3,870,410
Cash at bank and in hand		15,558,943		14,574,025
		__________		__________
		19,789,653		18,456,930
Creditors: amounts falling due
within one year	9	( 1,222,143)		( 1,020,685)
		__________		__________
Net current assets			18,567,510		17,436,245
			__________		__________
Total assets less current liabilities			22,287,915		21,077,932


Provisions for liabilities			( 604,831)		( 576,276)

			__________		__________
Net assets			21,683,084		20,501,656
			__________		__________

Capital and reserves
Called up share capital			500,020		500,010
Profit and loss account			21,183,064		20,001,646
			__________		__________
Shareholders funds			21,683,084		20,501,656
			__________		__________

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.

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.

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 comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 28 July 2026 , and are signed on behalf of the board by:

Mr K.A. Oliver

Director

Company registration number: SC115642

Olivers Transport Ltd

Statement of changes in equity

Year ended 31st October 2025

	Called up share capital	Profit and loss account	Total
	£	£	£


At 1st November 2023	500,010	18,831,608	19,331,618

Profit for the year		1,345,038	1,345,038
	_______	_________	_________
Total comprehensive income for the year	-	1,345,038	1,345,038

Dividends paid and payable		( 175,000)	( 175,000)
	_______	_______	_______
Total investments by and distributions to owners	-	( 175,000)	( 175,000)

	_______	__________	__________
At 31st October 2024 and 1st November 2024	500,010	20,001,646	20,501,656

Profit for the year		1,356,418	1,356,418
	_______	_________	_________
Total comprehensive income for the year	-	1,356,418	1,356,418

Issue of shares	10		10
Dividends paid and payable		( 175,000)	( 175,000)
	_______	_______	_______
Total investments by and distributions to owners	10	( 175,000)	( 174,990)

	_______	__________	__________
At 31st October 2025	500,020	21,183,064	21,683,084
	_______	__________	__________

Olivers Transport Ltd

Notes to the financial statements

Year ended 31st October 2025

1. General information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is Hassington Road, Eccles, Kelso, Roxburghshire, TD5 7QS.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, 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 timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:


Goodwill	-	5 %	straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

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:


Freehold property	-	2 %	straight line
Plant and machinery	-	15 %	straight line
Fittings fixtures and equipment	-	15 %	straight line
Motor vehicles	-	25 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Fixed asset investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 44 (2024: 44 ).

5. Intangible assets

	Goodwill	Total
	£	£
Cost
At 1st November 2024 and 31st October 2025	100,002	100,002
	_______	_______
Amortisation
At 1st November 2024 and 31st October 2025	100,002	100,002
	_______	_______
Carrying amount
At 31st October 2025	-	-
	_______	_______
At 31st October 2024	-	-
	_______	_______

6. Tangible assets

	Freehold property	Plant and machinery	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1st November 2024	1,621,445	2,371,364	107,866	4,092,791	8,193,466
Additions	-	133,505	5,216	776,968	915,689
Disposals	-	( 92,250)	-	( 621,385)	( 713,635)
	_________	_________	_______	_________	_________
At 31st October 2025	1,621,445	2,412,619	113,082	4,248,374	8,395,520
	_________	_________	_______	_________	_________
Depreciation
At 1st November 2024	808,959	1,705,343	88,943	2,514,317	5,117,562
Charge for the year	31,741	169,059	4,126	607,924	812,850
Disposals	-	( 68,129)	-	( 621,385)	( 689,514)
	_______	_________	_______	_________	_________
At 31st October 2025	840,700	1,806,273	93,069	2,500,856	5,240,898
	_______	_________	_______	_________	_________
Carrying amount
At 31st October 2025	780,745	606,346	20,013	1,747,518	3,154,622
	_______	_______	_______	_________	_________
At 31st October 2024	812,486	666,021	18,923	1,578,474	3,075,904
	_______	_______	_______	_________	_________

7. Investments

	Shares in group undertakings and participating interests	Other investments other than loans	Total
	£	£	£
Cost
At 1st November 2024 and 31st October 2025	545,683	20,100	565,783
	_______	_______	_______
Impairment
At 1st November 2024 and 31st October 2025	-	-	-
	_______	_______	_______
Carrying amount
At 31st October 2025	545,683	20,100	565,783
	_______	_______	_______
At 31st October 2024	545,683	20,100	565,783
	_______	_______	_______

8. Debtors

	2025	2024
	£	£
Trade debtors	1,834,200	1,755,310
Amounts owed by group undertakings and undertakings in which the company has a participating interest	973,474	973,474
Other debtors	1,408,856	1,141,626
	_________	_________
	4,216,530	3,870,410
	_________	_________

9. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	472,596	599,728
Corporation tax	435,437	228,356
Social security and other taxes	279,202	187,754
Other creditors	34,908	4,847
	_________	_________
	1,222,143	1,020,685
	_________	_________

10. Directors advances, credits 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 o/standing
		£	£	£	£
	Mr K.A. Oliver	227,222	( 184,557)	439,297	481,962
		_______	_______	_______	_______

2024
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr K.A. Oliver	16,849	( 175,000)	385,373	227,222
		_______	_______	_______	_______