Olivers Contracts Limited Filleted accounts for Companies House (small and micro)
Olivers Contracts Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
09997152
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Statement of Financial Position |
2020 |
2019 |
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Note |
£ |
£ |
Fixed assets
Intangible assets |
5 |
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Tangible assets |
6 |
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-------- |
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Current assets
Stocks |
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Debtors |
7 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
8 |
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Net current assets |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
9 |
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Provisions |
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-------- |
-------- |
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Net assets |
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-------- |
-------- |
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Capital and reserves
Called up share capital |
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Profit and loss account |
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-------- |
-------- |
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Shareholders funds |
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
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
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
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Statement of Financial Position (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
18 December 2020
, and are signed on behalf of the board by:
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Director |
Company registration number:
09997152
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Notes to the Financial Statements |
Year ended 31 March 2020
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 9 Cheam Road, Ewell, Epsom, Surrey, KT17 1SP, UK.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Judgements and key sources of estimation uncertainty
Revenue recognition
Income tax
Goodwill
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 |
- |
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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
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:
Office Improvements |
- |
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Fixtures and fittings |
- |
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Motor vehicles |
- |
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Equipment |
- |
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Impairment of fixed assets
Stocks
Finance leases and hire purchase contracts
Provisions
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
3
(2019:
3
).
5.
Intangible assets
Goodwill |
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£ |
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Cost |
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At 1 April 2019 and 31 March 2020 |
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Amortisation |
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At 1 April 2019 |
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Charge for the year |
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-------- |
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At 31 March 2020 |
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Carrying amount |
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At 31 March 2020 |
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-------- |
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At 31 March 2019 |
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6.
Tangible assets
Short leasehold property |
Fixtures and fittings |
Motor vehicles |
Equipment |
Total |
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£ |
£ |
£ |
£ |
£ |
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Cost |
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At 1 April 2019 and 31 March 2020 |
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Depreciation |
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At 1 April 2019 |
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Charge for the year |
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------- |
------- |
-------- |
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-------- |
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At 31 March 2020 |
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-------- |
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Carrying amount |
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At 31 March 2020 |
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-------- |
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-------- |
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At 31 March 2019 |
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-------- |
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7.
Debtors
2020 |
2019 |
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£ |
£ |
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Trade debtors |
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Other debtors |
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8.
Creditors:
amounts falling due within one year
2020 |
2019 |
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£ |
£ |
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Bank loans and overdrafts |
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Trade creditors |
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Corporation tax |
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– |
Social security and other taxes |
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Other creditors < 1 year |
– |
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Other creditors |
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9.
Creditors:
amounts falling due after more than one year
2020 |
2019 |
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£ |
£ |
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Other creditors |
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10.
Directors' advances, credits and guarantees
During the year the directors made advances to the company. The amount due to
Mr S Lampkin
is £399 and Mr P Lampkin is £29,832.