OLIVE MAINTENANCE LIMITED

Company Registration Number:
05390831 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2017

Period of accounts

Start date: 01 April 2016

End date: 31 March 2017

OLIVE MAINTENANCE LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2017

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 9

OLIVE MAINTENANCE LIMITED

Company Information

for the Period Ended 31 March 2017




Director: Sol Goodall
Secretary: Neil Goldsmith
Registered office: 32
Holmes Road
London
NW5 3AB
Company Registration Number: 05390831 (England and Wales)

OLIVE MAINTENANCE LIMITED

Directors' Report Period Ended 31 March 2017

The directors present their report with the financial statements of the company for the period ended 31 March 2017

Principal Activities

The principal activity of the company in the period continued to be that of providing combined facilities support activities

Political and charitable donations

No charitable donations were made in this period. No donations have been made to political organisations.

Directors

The directors shown below have held office during the whole of the period from 01 April 2016 to 31 March 2017
Sol Goodall

Secretary
Neil Goldsmith

This report was approved by the board of directors on 31 August 2017
And Signed On Behalf Of The Board By:

Name: Sol Goodall
Status: Director

OLIVE MAINTENANCE LIMITED

Profit and Loss Account

for the Period Ended 31 March 2017


Notes

2017
£

2016
£
Gross Profit or (Loss) 1,896,503 1,723,812
Distribution Costs (1,577,810) (1,482,993)
Administrative Expenses (167,581) (203,505)
Operating Profit or (Loss) 151,112 37,314
Interest Receivable and Similar Income 0 1
Interest Payable and Similar Charges (0) (0)
Profit or (Loss) Before Tax 151,112 37,315
Tax on Profit (33,783) (10,850)
Profit or (Loss) for Period 117,329 26,465

The notes form part of these financial statements

OLIVE MAINTENANCE LIMITED

Balance sheet

As at 31 March 2017


Notes

2017
£

2016
£
Fixed assets
Tangible assets: 2 59,986 82,211
Total fixed assets: 59,986 82,211
Current assets
Debtors: 423,894 437,879
Cash at bank and in hand: 351,076 165,787
Total current assets: 774,970 603,666
Prepayments and accrued income: 35,463 26,798
Creditors: amounts falling due within one year: ( 352,233 ) ( 264,715 )
Net current assets (liabilities): 458,200 365,749
Total assets less current liabilities: 518,186 447,960
Creditors: amounts falling due after more than one year: ( 65,316 ) ( 64,420 )
Total net assets (liabilities): 452,870 383,540

The notes form part of these financial statements

OLIVE MAINTENANCE LIMITED

Balance sheet continued

As at 31 March 2017


Notes

2017
£

2016
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 452,770 383,440
Shareholders funds: 452,870 383,540

For the year ending 31 March 2017 the company was entitled to exemption 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 Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 31 August 2017
And Signed On Behalf Of The Board By:

Name: Sol Goodall
Status: Director

The notes form part of these financial statements

OLIVE MAINTENANCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2017

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    The turnover shown in the profit and loss account represents revenue earned during the period, exclusive of VAT

    Tangible fixed assets depreciation policy

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

OLIVE MAINTENANCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2017

2. Tangible Assets

Total
Cost £
At 01 April 2016 167,483
Additions 2,643
Disposals (4,422)
Revaluations -
Transfers -
At 31 March 2017 165,704
Depreciation
At 01 April 2016 85,272
Charge for year 20,446
On disposals -
Other adjustments -
At 31 March 2017 105,718
Net book value
At 31 March 2017 59,986
At 31 March 2016 82,211

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

Office Equipment 40% in first year then 25% reducing balance in followings

Computer Equipment Written off in three years at 33.3% per year

Vehicles
New Written off in four years at 25% per year
2nd Hand Written off in three years at 33.3% per year