REGISTERED NUMBER: 07087751 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025

FOR

OLIVER WOTHERSPOON LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

O J R Wotherspoon

Mrs T F Wotherspoon

REGISTERED OFFICE:

Workshop E1

The Swan Centre

4 Higher Swan Lane

Bolton

Greater Manchester

BL3 3AQ

REGISTERED NUMBER:

07087751 (England and Wales)

ACCOUNTANTS:

Wallwork Nelson & Johnson

Chandler House

7 Ferry Road Office Park

Riversway

Preston

Lancashire

PR2 2YH

FIXED ASSETS

Intangible assets

4

105,453

112,740

Tangible assets

5

226,676

207,016

Investments

6

124,358

100,627

456,487

420,383

CURRENT ASSETS

Stocks

10,000

10,000

Debtors

7

168,730

275,524

Cash at bank and in hand

292,740

149,240

471,470

434,764

CREDITORS

Amounts falling due within one year

8

314,042

236,770

NET CURRENT ASSETS

157,428

197,994

TOTAL ASSETS LESS CURRENT LIABILITIES

613,915

618,377

CREDITORS

Amounts falling due after more than one year

9

(51,037

)

(63,851

)

PROVISIONS FOR LIABILITIES

(45,917

)

(42,229

)

NET ASSETS

516,961

512,297

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

516,959

512,295

SHAREHOLDERS' FUNDS

516,961

512,297

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 August 2026 and were signed on its behalf by:

O J R Wotherspoon - Director

1.	STATUTORY INFORMATION

Oliver Wotherspoon Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of twenty five years.

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation and any provision for impairment in value.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life

Plant and machinery

- 20% on cost

Office equipment

- 20 % on cost

Motor vehicles

- 20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue in

operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Development

costs

£

COST

At 1 December 2024

and 30 November 2025

182,184

AMORTISATION

At 1 December 2024

69,444

Amortisation for year

7,287

At 30 November 2025

76,731

NET BOOK VALUE

At 30 November 2025

105,453

At 30 November 2024

112,740

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 December 2024

46,453

43,555

219,462

21,272

330,742

Additions

31,434

-

64,707

881

97,022

Disposals

-

-

(43,056

)

-

(43,056

)

At 30 November 2025

77,887

43,555

241,113

22,153

384,708

DEPRECIATION

At 1 December 2024

33,544

9,433

68,639

12,110

123,726

Charge for year

5,974

5,118

34,717

2,921

48,730

Eliminated on disposal

-

-

(14,424

)

-

(14,424

)

At 30 November 2025

39,518

14,551

88,932

15,031

158,032

NET BOOK VALUE

At 30 November 2025

38,369

29,004

152,181

7,122

226,676

At 30 November 2024

12,909

34,122

150,823

9,162

207,016

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 December 2024

-

181,612

181,612

Additions

29,684

52,076

81,760

Transfer to ownership

-

(61,549

)

(61,549

)

At 30 November 2025

29,684

172,139

201,823

DEPRECIATION

At 1 December 2024

-

46,179

46,179

Charge for year

495

27,779

28,274

Transfer to ownership

-

(25,956

)

(25,956

)

At 30 November 2025

495

48,002

48,497

NET BOOK VALUE

At 30 November 2025

29,189

124,137

153,326

At 30 November 2024

-

135,433

135,433

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 December 2024

100,627

Additions

43,677

Disposals

(19,946

)

At 30 November 2025

124,358

NET BOOK VALUE

At 30 November 2025

124,358

At 30 November 2024

100,627

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/11/25

30/11/24

£

£

Trade debtors

8,987

188,714

Directors' current accounts

151,099

80,279

Prepayments and accrued income

8,644

6,531

168,730

275,524

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/11/25

30/11/24

£

£

Bank loans and overdrafts

5,000

10,000

Hire purchase contracts

61,172

45,180

Trade creditors

26,522

29,874

Tax

13,048

13,060

Social security and other taxes

37,334

68,422

Other creditors

10,553

2,451

Accrued expenses

160,413

67,783

314,042

236,770

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30/11/25

30/11/24

£

£

Bank loans - 1-2 years

-

5,000

Hire purchase contracts

51,037

58,851

51,037

63,851

10.	SECURED DEBTS

The following secured debts are included within creditors:

30/11/25

30/11/24

£

£

Bank loans

5,000

15,000

Hire purchase contracts

112,209

104,031

117,209

119,031

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2025 and 30 November 2024:

30/11/25

30/11/24

£

£

O J R Wotherspoon and Mrs T F Wotherspoon

Balance outstanding at start of year

80,279

(357

)

Amounts advanced

244,166

238,806

Amounts repaid

(173,346

)

(158,170

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

151,099

80,279