Oleva and Associates Limited Accounts






Oleva and Associates Limited

	Company No. 09860070
		Information for Filing with The Registrar
		30 November 2025

at	30 November 2025
Company No.		09860070	Notes	2025	2024
				£	£
Fixed assets

	Tangible assets		5	17,177	21,112


				17,177	21,112
Current assets

	Debtors		6	745,077	620,435

	Cash at bank and in hand			42,684	262,123
				787,761	882,558
Creditors: Amount falling due within one year			7	(139,882)	(145,935)
Net current assets				647,879	736,623
Total assets less current liabilities				665,056	757,735
Creditors: Amounts falling due after more than one year			8	-	(5,000)
Provisions for liabilities
	Deferred taxation		9	-	-

Net assets				665,056	752,735

Capital and reserves
	Called up share capital			100	100



	Profit and loss account		11	664,956	752,635

Total equity				665,056	752,735



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 30 November 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 14 August 2026 and signed on its behalf by:
T.B. Ollies
Director
14 August 2026

for the year ended 30 November 2025

General information

Oleva and Associates Limited is a private company limited by shares and incorporated in England and Wales.

Its registered number is: 09860070

Its registered office is:

Its trading address is:

Suite F38 & F39

Chestnut Cottage

Cheadle Place

Rowton Lane

Stockport Road

Rowton, Chester

Cheadle

Cheshire

SK8 2GL

CH3 6AT

The accounts have been prepared in accordance and comply with FRS 102 and Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Accounting policies

Revenue recognition

Turnover represents the fair value of consideration receivable from customers for the supply of lift control and other lift equipment products, net of value added tax, trade discounts and rebates.
Revenue from the sale of goods is recognised at the point in time when control of the goods passes to the customer, which is generally on delivery of the goods to the customer in accordance with the contractual terms of sale.
Revenue is recognised only to the extent that it is probable that the economic benefits associated with the transaction will flow to the company and the amount of the revenue and associated costs can be measured reliably.
Amounts invoiced in advance of the transfer of goods are recognised as deferred income until the company has satisfied its performance obligation by delivering goods to the customer.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Motor vehicles

25% reducing balance

Furniture, fittings and equipment

25% reducing balance

Leased assets

The company has no material lease arrangements. Any leases entered into are short-term or low value and are not material to the financial statements. Accordingly, the company does not recognise right-of-use assets or lease liabilities in respect of these leases.
Lease payments are recognised as an expense on a straight - line basis over the lease term.

Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.

Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Foreign currencies

The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.

Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. all differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.

Employee benefits

Defined contribution pensions

The company operates a defined contribution pension scheme for eligible employees. The assets of the scheme are held separately from those of the company in an independently administered fund.
The amount charged to the profit and loss account in respect of pension costs represents the contributions payable by the company during the financial year. Any contributions unpaid at the year end are included within creditors.

Provisions

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.

3	Employees
			2025	2024
			Number	Number
		The average monthly number of employees (including directors) during the year was:	3	3

4	Taxation
		(a) Tax on profit on ordinary activities	2025	2024
		The tax charge is made up as follows:	£	£
		UK corporation tax
		Credit for the period	(3,226)	11,332
		Credit for prior periods	(25)	-
		Total corporation tax	(3,251)	11,332

		Origination and reversal of timing differences	(5,676)	(141)

		Total deferred tax	(5,676)	(141)

		Tax on profit on ordinary activities	(8,927)	11,191

		(b) Factors affecting the total tax charge for the period
		The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The differences are reconciled below:
		Lower	2025	2024
		-5320	£	£
		Profit on ordinary activities before tax	(18,986)	46,561

		Standard rate of corporation tax in the United Kingdom	19%	19%

		Profit on ordinary activities multiplied by standard rate of corporation tax in the United Kingdom	(3,607)	8,847
		Expenses not deductible for tax purposes	(2,845)	2,485
		Adjustments to charge in respect of prior periods	(25)	-
		Utilisation of tax losses	3,226	-
		Other short term timing differences	(5,676)	(141)

		Tax on profit on ordinary activities	(8,927)	11,191

5	Tangible fixed assets
			Motor vehicles	Fixtures, fittings and equipment	Total
			£	£	£
		Cost or revaluation
		At 1 December 2024	32,740	7,334	40,074
		Additions	-	1,790	1,790



		At 30 November 2025	32,740	9,124	41,864
		Depreciation
		At 1 December 2024	14,324	4,638	18,962
		Charge for the year	4,604	1,121	5,725



		At 30 November 2025	18,928	5,759	24,687
		Net book values
		At 30 November 2025	13,812	3,365	17,177
		At 30 November 2024	18,416	2,696	21,112

6	Debtors
			2025	2024
			£	£
		Trade debtors	62,371	100,351

		Corporation tax recoverable	3,226	-
		Deferred tax asset (see note 9)	10,168	4,492

		Loans to directors	271,949	117,619
		Other debtors	388,395	396,723
		Prepayments and accrued income	8,968	1,250
			745,077	620,435

7	Creditors:
		amounts falling due within one year
			2025	2024
			£	£

		Bank loans and overdrafts	6,605	10,000


		Trade creditors	64,101	44,912

		Taxes and social security	15,524	36,439


		Accruals and deferred income	53,652	54,584
			139,882	145,935

8	Creditors:
		amounts falling due after more than one year
			2025	2024
			£	£

		Bank loans and overdrafts	-	5,000






			-	5,000

9	Deferred taxation
			Accelerated Capital Allowances, Losses and Other Timing Differences	Total
			£	£
		At 1 December 2024	(4,492)	(4,492)
		Charge to the profit and loss account for the period	(5,676)	(5,676)

		At 30 November 2025	(10,168)	(10,168)

		Deferred tax asset (see note 6)
			2025	2024
			£	£
		Accelerated capital allowances	(10,168)	(4,492)



			(10,168)	(4,492)

Share Capital

100 ordinary shares of £1 each with an aggregate nominal value of £100. All fully paid.

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.

12	Advances and credits to directors
			2025
			£
		At 1 December 2024	117,619
		Advanced in the period	271,949
		Amounts repaid in the period	117,619


		At 30 November 2025	271,949