OLIVE MAINTENANCE LIMITED

Company Registration Number:
05390831 (England and Wales)

Abbreviated (Unaudited) Accounts

Period of accounts

Start date: 01 April 2015

End date: 31 March 2016

OLIVE MAINTENANCE LIMITED

Abbreviated Balance sheet

As at 31 March 2016


Notes

2016
£

2015
£
Fixed assets
Tangible assets: 2 82,210 102,293
Total fixed assets: 82,210 102,293
Current assets
Debtors: 464,677 541,214
Cash at bank and in hand: 165,787 167,185
Total current assets: 630,464 708,399
Creditors: amounts falling due within one year: ( 267,308 ) ( 385,360 )
Net current assets (liabilities): 363,156 323,039
Total assets less current liabilities: 445,366 425,332
Creditors: amounts falling due after more than one year: ( 61,826 ) ( 14,301 )
Total net assets (liabilities): 383,540 411,031

The notes form part of these financial statements

OLIVE MAINTENANCE LIMITED

Balance sheet continued

As at 31 March 2016


Notes

2016
£

2015
£
Capital and reserves
Called up share capital: 3 100 100
Profit and loss account: 383,440 410,931
Shareholders funds: 383,540 411,031

For the year ending 31 March 2016 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.

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

The financial statements were approved by the Board of Directors on 31 March 2017

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 Abbreviated Accounts

for the Period Ended 31 March 2016

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

    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. Office Equipment 40% in first year then 25% reducing balance in followings years. Computer Equipment Written off in three years at 33.3% per year. Vehicles new written off in five years at 20% per year

OLIVE MAINTENANCE LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2016

  • 2. Tangible assets

    Total
    Cost £
    01 April 2015: 168,229
    Additions: 537
    Disposals: ( 1,275 )
    Revaluations: 0
    Transfers: 0
    31 March 2016: 167,491
    Depreciation
    01 April 2015: 65,936
    Charge for year: 19,345
    On disposals: 0
    Other adjustments: 0
    31 March 2016: 85,281
    Net book value
    31 March 2016: 82,210
    31 March 2015: 102,293

OLIVE MAINTENANCE LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2016

  • 3. Called up share capital

    Allotted, called up and paid

    Previous period
    2015
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 100 1.00 100
    Preference shares: 0
    Total share capital (£): 100
    Current period
    2016
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 100 1.00 100
    Preference shares: 0
    Total share capital (£): 100