IRIS Accounts Production v23.2.0.158 11972104 director 1.6.22 31.5.23 31.5.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh119721042022-05-31119721042023-05-31119721042022-06-012023-05-31119721042021-05-31119721042021-06-012022-05-31119721042022-05-3111972104ns10:Originalns15:EnglandWales2022-06-012023-05-3111972104ns14:PoundSterlingns10:Original2022-06-012023-05-3111972104ns10:Originalns10:Director12022-06-012023-05-3111972104ns10:Original2022-06-012023-05-3111972104ns10:Original2023-05-3111972104ns10:Originalns10:PrivateLimitedCompanyLtd2022-06-012023-05-3111972104ns10:Originalns10:SmallEntities2022-06-012023-05-3111972104ns10:Originalns10:AuditExempt-NoAccountantsReport2022-06-012023-05-3111972104ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-06-012023-05-3111972104ns10:SmallCompaniesRegimeForAccountsns10:Original2022-06-012023-05-3111972104ns10:Originalns10:FullAccounts2022-06-012023-05-3111972104ns10:Originalns10:RegisteredOffice2022-06-012023-05-3111972104ns10:Original2022-05-3111972104ns10:Originalns5:CurrentFinancialInstruments2023-05-3111972104ns10:Originalns5:CurrentFinancialInstruments2022-05-3111972104ns10:Originalns5:Non-currentFinancialInstruments2023-05-3111972104ns10:Originalns5:Non-currentFinancialInstruments2022-05-3111972104ns5:ShareCapitalns10:Original2023-05-3111972104ns5:ShareCapitalns10:Original2022-05-3111972104ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-05-3111972104ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-05-3111972104ns10:Originalns5:PlantMachinery2022-06-012023-05-3111972104ns10:Originalns5:MotorVehicles2022-06-012023-05-3111972104ns10:Originalns5:ComputerEquipment2022-06-012023-05-3111972104ns10:Original2021-06-012022-05-3111972104ns10:Originalns5:PlantMachinery2022-05-3111972104ns10:Originalns5:FurnitureFittings2022-05-3111972104ns10:Originalns5:MotorVehicles2022-05-3111972104ns10:Originalns5:ComputerEquipment2022-05-3111972104ns10:Original2022-05-3111972104ns10:Originalns5:FurnitureFittings2022-06-012023-05-3111972104ns10:Originalns5:PlantMachinery2023-05-3111972104ns10:Originalns5:FurnitureFittings2023-05-3111972104ns10:Originalns5:MotorVehicles2023-05-3111972104ns10:Originalns5:ComputerEquipment2023-05-3111972104ns10:Originalns5:PlantMachinery2022-05-3111972104ns10:Originalns5:FurnitureFittings2022-05-3111972104ns10:Originalns5:MotorVehicles2022-05-3111972104ns10:Originalns5:ComputerEquipment2022-05-3111972104ns10:Originalns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-05-3111972104ns10:Originalns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-06-012023-05-3111972104ns10:Originalns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-05-3111972104ns10:Originalns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-05-3111972104ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-3111972104ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-05-31
REGISTERED NUMBER: 11972104 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Oven Service & Shine Ltd

Oven Service & Shine Ltd (Registered number: 11972104)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Oven Service & Shine Ltd

Company Information
for the Year Ended 31 May 2023







DIRECTOR: Mr L Steele





REGISTERED OFFICE: 2 Northside
Wells Road
Chilcompton
Radstock
BA3 4ET





REGISTERED NUMBER: 11972104 (England and Wales)





ACCOUNTANTS: Accounting Solutions
2 Northside
Wells Road
Chilcompton
Radstock
BA3 4ET

Oven Service & Shine Ltd (Registered number: 11972104)

Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 53,953 16,129

CURRENT ASSETS
Stocks 3,000 3,800
Debtors 5 63,381 9,108
Cash at bank 1,431 7,582
67,812 20,490
CREDITORS
Amounts falling due within one year 6 36,858 23,627
NET CURRENT ASSETS/(LIABILITIES) 30,954 (3,137 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

84,907

12,992

CREDITORS
Amounts falling due after more than one
year

7

53,471

12,403
NET ASSETS 31,436 589

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 31,336 489
SHAREHOLDERS' FUNDS 31,436 589

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 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.

Oven Service & Shine Ltd (Registered number: 11972104)

Balance Sheet - continued
31 May 2023


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 director and authorised for issue on 15 November 2023 and were signed by:





Mr L Steele - Director


Oven Service & Shine Ltd (Registered number: 11972104)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Oven Service & Shine 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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

Oven Service & Shine Ltd (Registered number: 11972104)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2022 3,064 150 26,200 1,419 30,833
Additions - - 55,692 116 55,808
At 31 May 2023 3,064 150 81,892 1,535 86,641
DEPRECIATION
At 1 June 2022 1,728 38 12,455 483 14,704
Charge for year 334 28 17,359 263 17,984
At 31 May 2023 2,062 66 29,814 746 32,688
NET BOOK VALUE
At 31 May 2023 1,002 84 52,078 789 53,953
At 31 May 2022 1,336 112 13,745 936 16,129

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 June 2022 26,200
Additions 55,692
At 31 May 2023 81,892
DEPRECIATION
At 1 June 2022 12,455
Charge for year 17,359
At 31 May 2023 29,814
NET BOOK VALUE
At 31 May 2023 52,078
At 31 May 2022 13,745

Oven Service & Shine Ltd (Registered number: 11972104)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 52,233 4,247
Other debtors 11,148 4,861
63,381 9,108

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 6,557 8,972
Hire purchase contracts 12,382 3,509
Trade creditors 753 189
Taxation and social security 8,546 10,237
Other creditors 8,620 720
36,858 23,627

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 53,471 12,403