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REGISTERED NUMBER: 10480372 (England and Wales)











Unaudited Financial Statements

for the Year Ended 30 November 2021

for

Off Set Workshop Ltd

Off Set Workshop Ltd (Registered number: 10480372)






Contents of the Financial Statements
for the Year Ended 30 November 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Off Set Workshop Ltd

Company Information
for the Year Ended 30 November 2021







DIRECTORS: Mr M F Haigh
Mr B M Ward





SECRETARY: Ms J M McClellan





REGISTERED OFFICE: Bates Mills
Colne Road
Huddersfield
HD1 3AG





REGISTERED NUMBER: 10480372 (England and Wales)





ACCOUNTANTS: AccountsAide
18 Wesley Street
Castleford
West Yorkshire
WF10 1AE

Off Set Workshop Ltd (Registered number: 10480372)

Balance Sheet
30 November 2021

30.11.21 30.11.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 54,791 33,497

CURRENT ASSETS
Stocks - 18,000
Debtors 5 24,305 26,889
Cash at bank and in hand 17,551 4,446
41,856 49,335
CREDITORS
Amounts falling due within one year 6 39,674 52,671
NET CURRENT ASSETS/(LIABILITIES) 2,182 (3,336 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

56,973

30,161

CREDITORS
Amounts falling due after more than one
year

7

51,851

30,051
NET ASSETS 5,122 110

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 5,022 10
SHAREHOLDERS' FUNDS 5,122 110

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Off Set Workshop Ltd (Registered number: 10480372)

Balance Sheet - continued
30 November 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 August 2022 and were signed on its behalf by:





Mr B M Ward - Director


Off Set Workshop Ltd (Registered number: 10480372)

Notes to the Financial Statements
for the Year Ended 30 November 2021

1. STATUTORY INFORMATION

Off Set Workshop Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on cost
Motor vehicles - 25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Off Set Workshop Ltd (Registered number: 10480372)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2021

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 December 2020 17,526 47,990 65,516
Additions 19,898 25,343 45,241
Disposals - (17,745 ) (17,745 )
At 30 November 2021 37,424 55,588 93,012
DEPRECIATION
At 1 December 2020 6,028 25,991 32,019
Charge for year 5,614 13,896 19,510
Eliminated on disposal - (13,308 ) (13,308 )
At 30 November 2021 11,642 26,579 38,221
NET BOOK VALUE
At 30 November 2021 25,782 29,009 54,791
At 30 November 2020 11,498 21,999 33,497

Off Set Workshop Ltd (Registered number: 10480372)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2021

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 December 2020 37,745
Additions 25,343
Disposals (17,745 )
At 30 November 2021 45,343
DEPRECIATION
At 1 December 2020 18,308
Charge for year 8,597
Eliminated on disposal (13,308 )
At 30 November 2021 13,597
NET BOOK VALUE
At 30 November 2021 31,746
At 30 November 2020 19,437

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.21 30.11.20
£    £   
Trade debtors 24,305 21,514
Other debtors - 5,375
24,305 26,889

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.21 30.11.20
£    £   
Bank loans and overdrafts 8,716 12,237
Other loans 5,722 8,485
Loan - D Eason - 8,237
Hire purchase contracts 13,679 9,298
Trade creditors 661 6,136
VAT 8,134 6,779
Other creditors 1,245 246
Directors' current accounts 17 3
Accrued expenses 1,500 1,250
39,674 52,671

Off Set Workshop Ltd (Registered number: 10480372)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2021

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.21 30.11.20
£    £   
Bounce back loan 29,571 10,000
Hire purchase contracts 22,280 20,051
51,851 30,051

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2021 and 30 November 2020:

30.11.21 30.11.20
£    £   
Mr M F Haigh
Balance outstanding at start of year 5,375 847
Amounts advanced - 5,375
Amounts repaid (5,375 ) (847 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 5,375