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Company Registration No. 7364896 (England and Wales)
OC Gripping Ltd Unaudited accounts for the year ended 5 April 2023
OC Gripping Ltd Unaudited accounts Contents
Page
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OC Gripping Ltd Company Information for the year ended 5 April 2023
Director
Owen Charnley
Company Number
7364896 (England and Wales)
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OC Gripping Ltd Statement of financial position as at 5 April 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
14,130 
13,744 
Current assets
Cash at bank and in hand
20,007 
17,896 
Creditors: amounts falling due within one year
(1,960)
(945)
Net current assets
18,047 
16,951 
Net assets
32,177 
30,695 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
32,176 
30,694 
Shareholders' funds
32,177 
30,695 
For the year ending 5 April 2023 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 18 October 2023 and were signed on its behalf by
Owen Charnley Director Company Registration No. 7364896
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OC Gripping Ltd Notes to the Accounts for the year ended 5 April 2023
1
Statutory information
OC Gripping Ltd is a private company, limited by shares, registered in England and Wales, registration number 7364896.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25%
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 6 April 2022
16,374 
211 
11,488 
28,073 
Additions
4,429 
- 
- 
4,429 
At 5 April 2023
20,803 
211 
11,488 
32,502 
Depreciation
At 6 April 2022
10,380 
85 
3,864 
14,329 
Charge for the year
2,106 
31 
1,906 
4,043 
At 5 April 2023
12,486 
116 
5,770 
18,372 
Net book value
At 5 April 2023
8,317 
95 
5,718 
14,130 
At 5 April 2022
5,994 
126 
7,624 
13,744 
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OC Gripping Ltd Notes to the Accounts for the year ended 5 April 2023
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
8,411 
6,873 
Other creditors
- 
105 
Loans from directors
(6,451)
(6,033)
1,960 
945 
6
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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