Company Registration No. 13629581 (England and Wales)
Oldacamo Services Ltd
Unaudited accounts
for the year ended 30 September 2023
Oldacamo Services Ltd
Unaudited accounts
Contents
Oldacamo Services Ltd
Company Information
for the year ended 30 September 2023
Company Number
13629581 (England and Wales)
Registered Office
85 Great Portland Street
First Floor
London
W1W 7LT
England
Accountants
Workabee Accountants
Sharon Gillett BSc FCA
11 Chestnut Avenue
Buckhurst Hill
Essex
IG9 6EN
Oldacamo Services Ltd
Statement of financial position
as at 30 September 2023
Tangible assets
11,016
1,025
Cash at bank and in hand
7,414
22,185
Creditors: amounts falling due within one year
(2,366)
(15,369)
Net current assets
5,573
9,507
Total assets less current liabilities
16,589
10,532
Provisions for liabilities
Called up share capital
1
1
Profit and loss account
14,673
10,531
Shareholders' funds
14,674
10,532
For the year ending 30 September 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 7 November 2023 and were signed on its behalf by
Gary Tattersall
Director
Company Registration No. 13629581
Oldacamo Services Ltd
Notes to the Accounts
for the year ended 30 September 2023
Oldacamo Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 13629581. The registered office is 85 Great Portland Street, First Floor, London, W1W 7LT, England.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets (if applicable).
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided on a straight line basis over the following years in order to write off the assets to their residual values over their estimated useful lives:
Fixtures & fittings
10 years
Computer equipment
3 years
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws (if the amount is material). Deferred tax assets and liabilities are not discounted.
Basic financial instruments are recognised at amortised cost.
Oldacamo Services Ltd
Notes to the Accounts
for the year ended 30 September 2023
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 October 2022
-
-
1,357
1,357
Additions
13,380
212
-
13,592
At 30 September 2023
13,380
212
1,357
14,949
At 1 October 2022
-
-
332
332
Charge for the year
3,138
11
452
3,601
At 30 September 2023
3,138
11
784
3,933
At 30 September 2023
10,242
201
573
11,016
At 30 September 2022
-
-
1,025
1,025
Amounts falling due within one year
Accrued income and prepayments
303
199
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
-
2,845
Loans from directors
2,066
5,291
7
Deferred taxation
2023
2022
Accelerated capital allowances
2,092
-
Tax losses carried forward
(177)
-
Charged to the profit and loss account
1,915
-
Provision at end of year
1,915
-
Oldacamo Services Ltd
Notes to the Accounts
for the year ended 30 September 2023
8
Transactions with related parties
During the year the director entered into a contract to loan the company £8,000 at an interest rate of 10% (£800). This loan was repaid before the year end.
As at 30 September 2023, amounts owed to directors totalled £2,066 (2022: £5,291). No interest is charged on this money owed and the amounts are repayable on demand.
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).