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REGISTERED NUMBER: 08636048 (England and Wales)















OZONE GLOBAL SECURITY LTD

Unaudited Financial Statements for the Year Ended 31 December 2022






OZONE GLOBAL SECURITY LTD (REGISTERED NUMBER: 08636048)






Contents of the Financial Statements
for the year ended 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 4


OZONE GLOBAL SECURITY LTD

Company Information
for the year ended 31 December 2022







Director: P J Roberts





Registered office: Woodlands
Watery Lane
Hereford
Herefordshire
HR2 6JW





Registered number: 08636048 (England and Wales)





Accountants: Haines Watts Hereford Limited
3rd Floor
Broadway House
32-35 Broad Street
Hereford
Herefordshire
HR4 9AR

OZONE GLOBAL SECURITY LTD (REGISTERED NUMBER: 08636048)

Balance Sheet
31 December 2022

2022 2021
Notes £ £ £ £
Fixed assets
Tangible assets 4 20,376 30,722

Current assets
Debtors 5 72,179 172,953
Cash at bank - 1,762
72,179 174,715
Creditors
Amounts falling due within one year 6 34,435 67,913
Net current assets 37,744 106,802
Total assets less current liabilities 58,120 137,524

Creditors
Amounts falling due after more than one
year

7

26,667

36,667
Net assets 31,453 100,857

Capital and reserves
Called up share capital 100 100
Retained earnings 31,353 100,757
Shareholders' funds 31,453 100,857

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 October 2023 and were signed by:





P J Roberts - Director


OZONE GLOBAL SECURITY LTD (REGISTERED NUMBER: 08636048)

Notes to the Financial Statements
for the year ended 31 December 2022

1. Statutory information

Ozone Global Security 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 represents net invoiced sales of services excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on cost

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.

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

3. Employees and directors

The average number of employees during the year was 1 (2021 - 1 ) .

OZONE GLOBAL SECURITY LTD (REGISTERED NUMBER: 08636048)

Notes to the Financial Statements - continued
for the year ended 31 December 2022

4. Tangible fixed assets
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£ £ £ £
Cost
At 1 January 2022 18,865 3,096 45,824 67,785
Additions 3,452 - - 3,452
At 31 December 2022 22,317 3,096 45,824 71,237
Depreciation
At 1 January 2022 8,473 1,112 27,478 37,063
Charge for year 2,928 496 10,374 13,798
At 31 December 2022 11,401 1,608 37,852 50,861
Net book value
At 31 December 2022 10,916 1,488 7,972 20,376
At 31 December 2021 10,392 1,984 18,346 30,722

5. Debtors: amounts falling due within one year
2022 2021
£ £
Trade debtors - 30,345
Other debtors 72,179 142,608
72,179 172,953

6. Creditors: amounts falling due within one year
2022 2021
£ £
Bank loans and overdrafts 14,965 10,000
Trade creditors 330 1,975
Taxation and social security 16,764 53,692
Other creditors 2,376 2,246
34,435 67,913

7. Creditors: amounts falling due after more than one year
2022 2021
£ £
Bank loans 26,667 36,667

8. Related party disclosures

During the year, total dividends of £87,600 (2021 - £77,000) were paid to the director.

During the year the director, operated a current account with the company to record amounts due to him and amounts drawn by him. As at 31 December 2022 the amount due from the director was £22,121 (2021: £82,002 due from the director). There are no specified terms of repayment for this amount, and interest has been charged for the year amounting to £1,031 (2021: £1,862).

The company has provided a loan to B & P Security, in which the director, is a partner. As at 31 December 2022 the amount owed to the company by B & P Security was £47,962 (2021: £60,401). There are no specified terms of repayment for this amount, and no interest has been charged.