Registration number: 07985562

John Oliver (Norwich) Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 10

John Oliver (Norwich) Ltd

Company Information

Directors

Stephanie Louise Reid Nicola Lynn Boulton Damien De Hoghton Mckay Phillip Thomas Bushnell

Registered office

21 Red Lion Street Norwich Norfolk NR1 3QF

John Oliver (Norwich) Ltd

(Registration number: 07985562)
Balance Sheet as at 31 March 2026

	Note	2026 £	2025 £
Fixed assets
Intangible assets	5	162,400	174,000
Tangible assets	6	54,427	63,801
Other financial assets	10	36	36
		216,863	237,837
Current assets
Stocks	12	40,346	64,650
Debtors	11	24,796	21,291
Cash at bank and in hand		15,939	47,278
		81,081	133,219
Creditors: Amounts falling due within one year	7	(255,747)	(289,518)
Net current liabilities		(174,666)	(156,299)
Total assets less current liabilities		42,197	81,538
Creditors: Amounts falling due after more than one year	7	(1,776)	(1,588)
Provisions for liabilities		(10,341)	(12,122)
Net assets		30,080	67,828
Capital and reserves
Called up share capital		118	118
Capital redemption reserve		42	42
Retained earnings		29,920	67,668
Shareholders' funds		30,080	67,828

For the financial year ending 31 March 2026 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 20 August 2026 and signed on its behalf by:
 

John Oliver (Norwich) Ltd

(Registration number: 07985562)
Balance Sheet as at 31 March 2026

......................................... Stephanie Louise Reid Director

......................................... Nicola Lynn Boulton Director

......................................... Damien De Hoghton Mckay Director

John Oliver (Norwich) Ltd

Notes to the Unaudited Financial Statements for the year ended 31 March 2026

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
21 Red Lion Street
Norwich
Norfolk
NR1 3QF

These financial statements were authorised for issue by the Board on 20 August 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis, with management having given due consideration to the company’s ability to continue as a going concern for at least the next twelve months.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of turnover can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

John Oliver (Norwich) Ltd

Notes to the Unaudited Financial Statements for the year ended 31 March 2026

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Depreciation method and rate for tangible assets
Asset class	Depreciation method and rate
Leasehold	20 years straight line
Fixtures and fittings	20 years straight line
Computer equipment	25% on a reducing balance basis

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	25 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

John Oliver (Norwich) Ltd

Notes to the Unaudited Financial Statements for the year ended 31 March 2026

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

John Oliver (Norwich) Ltd

Notes to the Unaudited Financial Statements for the year ended 31 March 2026

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 29 (2025 - 34).

4

Taxation

Tax charged/(credited) in the profit and loss account

	2026 £	2025 £
Current taxation
UK corporation tax	14,142	29,551
UK corporation tax adjustment to prior periods	1,865	-
	16,007	29,551
Deferred taxation
Arising from origination and reversal of timing differences	(1,781)	(1,781)
Tax expense in the income statement	14,226	27,770

John Oliver (Norwich) Ltd

Notes to the Unaudited Financial Statements for the year ended 31 March 2026

5	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 April 2025	290,000	290,000
At 31 March 2026	290,000	290,000
Amortisation
At 1 April 2025	116,000	116,000
Amortisation charge	11,600	11,600
At 31 March 2026	127,600	127,600
Carrying amount
At 31 March 2026	162,400	162,400
At 31 March 2025	174,000	174,000

6	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 April 2025	42,339	135,471	177,810
At 31 March 2026	42,339	135,471	177,810
Depreciation
At 1 April 2025	29,582	86,528	116,110
Charge for the year	-	7,273	7,273
At 31 March 2026	29,582	93,801	123,383
Carrying amount
At 31 March 2026	12,757	41,670	54,427
At 31 March 2025	14,858	48,943	63,801

Included within the net book value of land and buildings above is £12,757 (2025 - £14,858) in respect of long leasehold land and buildings.
 

John Oliver (Norwich) Ltd

Notes to the Unaudited Financial Statements for the year ended 31 March 2026

7

Creditors

Creditors: amounts falling due within one year

	Note	2026 £	2025 £
Due within one year
Loans and borrowings	9	14,004	12,766
Trade creditors		52,235	37,427
Taxation and social security		54,518	61,091
Accruals and deferred income		19,429	20,854
Other creditors		115,561	157,380
		255,747	289,518

Creditors: amounts falling due after more than one year

	Note	2026 £	2025 £
Due after one year
Loans and borrowings	9	1,776	1,588

8	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary of £1 each	78	78	78	78
Ordinary B of £1 each	-	-	-	-
Ordinary C of £1 each	10	10	10	10
Ordinary D of £1 each	10	10	10	10
Ordinary E of £1 each	-	-	-	-
Ordinary F of £1 each	10	10	10	10
A Ordinary of £1 each	10	10	10	10
	118	118	118	118

9	Loans and borrowings

Non-current loans and borrowings

	2026 £	2025 £
Bank borrowings	1,776	1,588

John Oliver (Norwich) Ltd

Notes to the Unaudited Financial Statements for the year ended 31 March 2026

Current loans and borrowings

	2026 £	2025 £
Bank borrowings	-	10,648
Other borrowings	14,004	2,118
	14,004	12,766

10	Other financial assets (current and non-current)

	Financial assets at cost less impairment £	Total £
Non-current financial assets
Cost or valuation
At 1 April 2025	36	36
At 31 March 2026	36	36
Impairment
Carrying amount
At 31 March 2026	36	36

11

Debtors

Current	2026 £	2025 £
Trade debtors	2,738	1,787
Prepayments	22,058	19,504
	24,796	21,291

12

Stocks

	2026 £	2025 £
Other inventories	40,346	64,650