Registration number:
O.C.L. Drylining Limited
for the Year Ended 30 June 2023
O.C.L. Drylining Limited
Contents
Company Information |
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Strategic report |
|
Directors' Report |
|
Statement of Directors' Responsibilities |
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Independent Auditor's Report |
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Profit and Loss Account |
|
Balance Sheet |
|
Statement of Changes in Equity |
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Notes to the Financial Statements |
O.C.L. Drylining Limited
Company Information
Directors |
T J Harris J T Harris |
Registered office |
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Auditors |
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O.C.L. Drylining Limited
Strategic report for the Year Ended 30 June 2023
The directors present their report and the financial statements for the year ended 30 June 2023.
Principal activity
The principal activity of the company is providing specialised screed, plastering, drylining and SFS services to the construction industry.
Fair review of the business
OCL operates predominantly across London and the Southeast of England and is headquartered at the groups head office in Essex.
The company continues to provide full internal drylining services and is a specialist business combining design, direct material procurement and site installations on a wide variety of construction projects.
OCL has a number of ongoing framework agreements with major blue-chip clients in its core sectors which comprise:
Residential
Commercial
Industrial
The company maintains its client focused approach and continues to build on its reputation for delivering projects in a proactive and efficient manner, on time and within budget. During the financial year 2022-23 the company has continued to perform strongly and in-line with expectations.
The company is dedicated to responsible business practices. We are committed to reducing our environmental impact, supporting local communities, and promoting diversity and inclusion within our workforce.
With rising interest rates and worldwide conflict the principal risks are the unpredictability of the UK economy and its effects on the UK construction sector.
An unpredictable economy leads to a highly competitive tendering environment. We recognise the dynamic nature of the construction industry and the associated risks and uncertainties that may impact our operations. As part of our commitment to resilience and sustainable growth the company has spent significant time establishing close, long term, and robust relations with both our clients and our supply chain partners. We firmly believe that these relationships form the bedrock of our success and contribute significantly to mitigating potential risks.
In addition, the company has a sound financial base which together with its reputation, experience and knowledge of the industry enables it to secure repeat business and deliver high quality work on contracts off all sizes.
O.C.L. Drylining Limited
Strategic report for the Year Ended 30 June 2023
In line with our commitments to financial conservatism, the company consistently and meticulously manages liquidity and cash flow using strict in-house policy and procedures in relation to final accounts and overdue payments. This proactive approach ensures that the company maintains the necessary financial resilience to meet obligations, seize opportunities, and safeguard the interests of its stakeholders.
The directors focus for the year is to consolidate on the growth experienced in the previous year and continue to grow the business in terms of increased turnover and profits during the next financial year.
The order book remains strong going into the new financial year.
Key Performance Indicators
The key financial and non-financial performance indicators used to determine the progress and performance of the company are set out below:
Turnover
The company’s turnover has increased from £4.53m to £9.42m, representing an increase of 107%, exceeding pre-pandemic and Brexit performance. This is in part due to an increased demand in housing and the company’s strategic decision to ensure that contracts are allocated and completed by the appropriate trading subsidiary of the group.
By aligning contracts with the expertise and strengths of each trading entity we ensure a thorough understanding of the costs associated with each subsidiary, facilitating more accurate financial analysis and effective risk management.
Gross Profit & Gross Profit Margin
The company’s gross profit has increased from £1.07m in 2022 to £1.67m while gross profit margin has decreased form 23.5% in 2022 to 17.8% in 2023. The reduction to the previous years margin is principally due to inflationary pressures in the national economy.
Profit Before Tax
Profit before tax has increased from £495k to £824k representing an increase of 66%.
O.C.L. Drylining Limited
Strategic report for the Year Ended 30 June 2023
Principal risks and uncertainties
There are a number of potential risks and uncertainties which could impact the company's performance, and these are considered by the board on a regular basis. The board of directors and the relevant management teams consider the risks of all significant business decisions in the company's operations and changes in the external environment. The key risks affecting the business are as follows:
Operating Risk
The company's reputation and continued success depends on its ability to provide services which are valued by its clients. The company regularly reviews the quality of its services both internally and through formalised client feedback and evaluation.
Market Research
The company operates in a specialised market and seeks to maintain a competitive advantage by offering an appropriate and relevant service range and providing a high level of client service from professional and dedicated staff. The company manages market risk by providing added value services to its clients, having fast response times not only in supplying services but also in handling client queries. The company keeps abreast of developments in the market through maintaining strong relationships with clients.
Taxation Risk
The company is exposed to financial risks from increases in tax rates and changes to the basis of taxation including corporation tax and VAT. Principal controls to mitigate this risk include regular monitoring of legislative proposals, the engagement of experienced executives and the use of experienced sector specific professional advisers to mitigate the impact of changes.
Management Risk
The company is reliant on its high calibre team of operational managers, surveyors, and the board of directors. The company recruits and develops high calibre employees, many of whom have been with the company for several years. The board have tried to ensure that the knowledge base of the operational management team is shared as much as possible throughout the company.
Financial Risk
The company is principally funded from retained profits and is reliant on converting these profits into cash. Fluctuations in material and labour prices as a result of shortages continue to be a key element of the financial risk to the company. Financial monitoring, forecasting, and planning are continuous processes and emphasis is placed on balancing maintenance or growth of profit margin against investment in resources to maintain delivery of a high-quality service to its clients.
Health and Safety
The company recognises the importance of health and safety of all those employed in its offices and sites, and operates policies to ensure that the risks associated with health and safety are properly managed and controlled.
The company continues to strive to improve its safety, health and environmental standards and performance. These are routinely reviewed throughout the year and in response to the performance reviews carried out by the company's in-house safety department, along with any changes in legislation.
The company recognises the significance of health and safety in the workplace to ensure its exposure to risk is minimised through investment in training and education in the occupational health and safety field. The company employs a dedicated team of qualified staff in this area.
The company recognises the importance of its environmental responsibilities, monitors its impact on the environment and designs and implements policies to reduce any damage that might be caused by the company's activities. Initiatives designed to minimise the company's impact on the environment include safe disposal of any product waste, recycling and reducing energy consumption.
O.C.L. Drylining Limited
Strategic report for the Year Ended 30 June 2023
Principal risks and uncertainties
There are a number of potential risks and uncertainties which could impact the company's performance, and these are considered by the board on a regular basis. The board of directors and the relevant management teams consider the risks of all significant business decisions in the company's operations and changes in the external environment. The key risks affecting the business are as follows:
Operating Risk
The company's reputation and continued success depends on its ability to provide services which are valued by its clients. The company regularly reviews the quality of its services both internally and through formalised client feedback and evaluation.
Market Research
The company operates in a specialised market and seeks to maintain a competitive advantage by offering an appropriate and relevant service range and providing a high level of client service from professional and dedicated staff. The company manages market risk by providing added value services to its clients, having fast response times not only in supplying services but also in handling client queries. The company keeps abreast of developments in the market through maintaining strong relationships with clients.
Taxation Risk
The company is exposed to financial risks from increases in tax rates and changes to the basis of taxation including corporation tax and VAT. Principal controls to mitigate this risk include regular monitoring of legislative proposals, the engagement of experienced executives and the use of experienced sector specific professional advisers to mitigate the impact of changes.
Management Risk
The company is reliant on its high calibre team of operational managers, surveyors, and the board of directors. The company recruits and develops high calibre employees, many of whom have been with the company for several years. The board have tried to ensure that the knowledge base of the operational management team is shared as much as possible throughout the company.
Financial Risk
The company is principally funded from retained profits and is reliant on converting these profits into cash. Fluctuations in material and labour prices as a result of shortages continue to be a key element of the financial risk to the company. Financial monitoring, forecasting, and planning are continuous processes and emphasis is placed on balancing maintenance or growth of profit margin against investment in resources to maintain delivery of a high-quality service to its clients.
Health and Safety
The company recognises the importance of health and safety of all those employed in its offices and sites, and operates policies to ensure that the risks associated with health and safety are properly managed and controlled.
The company continues to strive to improve its safety, health and environmental standards and performance. These are routinely reviewed throughout the year and in response to the performance reviews carried out by the company's in-house safety department, along with any changes in legislation.
The company recognises the significance of health and safety in the workplace to ensure its exposure to risk is minimised through investment in training and education in the occupational health and safety field. The company employs a dedicated team of qualified staff in this area.
The company recognises the importance of its environmental responsibilities, monitors its impact on the environment and designs and implements policies to reduce any damage that might be caused by the company's activities. Initiatives designed to minimise the company's impact on the environment include safe disposal of any product waste, recycling and reducing energy consumption.
Accreditations
The company has been assessed and has achieved the following accreditations:
Achilles
CHAS
SMAS
FIS
Constructionline
FIRAS
ISO 9001
ISO 14001
ISO 45001
The directors are of the opinion that these certifications and accreditations will ensure the continued efficiency of its internal and external processes.
People
The company believes that the stable results for the year are attributable to the quality and commitment of its employees. As a family business we know that our people are fundamental to our success and reputation. The directors therefore continue to invest time and energy into attracting employees who share its philosophy. The company has continued to make significant investment in its team throughout the year by supporting various team members in gaining additional qualifications and is committed to continuing this strategy.
Approved and authorised by the
......................................... |
O.C.L. Drylining Limited
Directors' report for the Year Ended 30 June 2023
The directors present their report and the financial statements for the year ended 30 June 2023.
Director of the company
The directors who held office during the year were as follows:
Disclosure of information to the auditors
Each director has taken steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information. The directors confirm that there is no relevant information that they know of and of which they know the auditors are unaware.
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
......................................... |
O.C.L. Drylining Limited
Statement of Directors' Responsibilities
The directors acknowledge their responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:
• |
select suitable accounting policies and apply them consistently; |
• |
make judgements and accounting estimates that are reasonable and prudent; |
• |
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. |
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
O.C.L. Drylining Limited
Independent Auditor's Report to the Members of O.C.L. Drylining Limited
Opinion
We have audited the financial statements of O.C.L. Drylining Limited (the 'company') for the year ended 30 June 2023, which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
• | give a true and fair view of the state of the company's affairs as at 30 June 2023 and of its profit for the year then ended; |
• | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and |
• | have been prepared in accordance with the requirements of the Companies Act 2006. |
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the entity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
Other information
The directors are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
O.C.L. Drylining Limited
Independent Auditor's Report to the Members of O.C.L. Drylining Limited
Opinion on other matter prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
• |
the information given in the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and |
• |
the Directors' Report has been prepared in accordance with applicable legal requirements. |
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Directors' Report.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
• | adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or |
• | the financial statements are not in agreement with the accounting records and returns; or |
• | certain disclosures of directors' remuneration specified by law are not made; or |
• | we have not received all the information and explanations we require for our audit; or |
• | the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies’ exemptions in preparing the directors’ report and from the requirement to prepare a strategic report. |
Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities (set out on page 7), the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.
Auditor’s responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
O.C.L. Drylining Limited
Independent Auditor's Report to the Members of O.C.L. Drylining Limited
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting
irregularities, including fraud is detailed below:
Discussions were held with, and enquiries made of, management and those charged with governance with a view to identifying those laws and regulations that could be expected to have a material impact on the financial statements. During the engagement team briefing, the outcomes of these discussions and enquiries were shared with the team, as well as consideration as to where and how fraud may occur in the entity.
The following laws and regulations were identified as being of significance to the entity:
• |
those laws and regulations considered to have a direct effect on the financial statements include UK financial reporting standards, Company Law, Tax and Pensions legislation, and distributable profits legislation. |
• |
those laws and regulations for which non-compliance may be fundamental to the operating aspects of the business and therefore may have a material effect on the financial statements include environmental regulations and health and safety legislation. |
Audit procedures undertaken in response to the potential risks relating to irregularities (which include fraud and non-compliance with laws and regulations) comprised of: inquiries of management and those charged with governance as to whether the entity complies with such laws and regulations; enquiries with the same concerning any actual or potential litigation or claims; inspection of relevant legal correspondence; review of board minutes; testing the appropriateness of entries in the nominal ledger, including journal entries; reviewing transactions around the end of the reporting period; and the performance of analytical procedures to identify unexpected movements in account balances which may be indicative of fraud.
No instances of material non-compliance were identified. However, the likelihood of detecting irregularities, including fraud, is limited by the inherent difficulty in detecting irregularities, the effectiveness of the entity’s controls, and the nature, timing and extent of the audit procedures performed. Irregularities that result from fraud might be inherently more difficult to detect than irregularities that result from error. As explained above, there is an unavoidable risk that material misstatements may not be detected, even though the audit has been planned and performed in accordance with ISAs (UK).
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
O.C.L. Drylining Limited
Independent Auditor's Report to the Members of O.C.L. Drylining Limited
Use of our report
This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.
......................................
For and on behalf of
Nexus House
2 Cray Road
Kent
DA14 5DA
O.C.L. Drylining Limited
Profit and Loss Account for the Year Ended 30 June 2023
2023 |
2022 |
|
Turnover |
|
|
Cost of sales |
( |
( |
Gross profit |
|
|
Administrative expenses |
( |
( |
Operating profit |
823,529 |
495,143 |
Profit before tax |
|
|
Tax on profit |
( |
( |
Profit for the financial year |
|
|
O.C.L. Drylining Limited
(Registration number: 06663029)
Balance Sheet as at 30 June 2023
Note |
2023 |
2022 |
|
Current assets |
|||
Stocks |
|
|
|
Debtors |
|
|
|
Cash at bank and in hand |
|
|
|
|
|
||
Creditors: Amounts falling due within one year |
( |
( |
|
Net assets |
|
|
|
Capital and reserves |
|||
Called up share capital |
|
|
|
Profit and loss account |
|
|
|
Total equity |
|
|
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
.........................................
T J Harris
Director
O.C.L. Drylining Limited
Statement of Changes in Equity for the Year Ended 30 June 2023
Share capital |
Profit and loss account |
Total |
|
At 1 July 2022 |
|
|
|
Profit for the year |
- |
|
|
Total comprehensive income |
- |
|
|
Dividends |
- |
( |
( |
At 30 June 2023 |
|
|
|
Share capital |
Profit and loss account |
Total |
|
At 1 July 2021 |
|
|
|
Profit for the year |
- |
|
|
Total comprehensive income |
- |
|
|
At 30 June 2022 |
|
|
|
O.C.L. Drylining Limited
Notes to the Financial Statements for the Year Ended 30 June 2023
General information |
The company is a private company limited by share capital, incorporated in England.
The address of its registered office and principal place of business is:
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Basis of preparation
These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including section 1A of Financial Reporting Standard 102 - 'The Financial Reporting standard applicable in the United Kingdom and Republic of Ireland' ('FRS 102 1A'), and with the Companies Act 2006.
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.
Critical accounting judgements and key sources of estimation uncertainty
In the application of the company's accounting policies management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historic experience and other factors that are considered to be relevant. Actual results may differ from these estimates. |
Specifically, judgements and estimates are required in determining the recoverability of trade debtors and valuations on long term contracts. |
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. |
O.C.L. Drylining Limited
Notes to the Financial Statements for the Year Ended 30 June 2023
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
Profit is recognised on long-term contracts, if the final outcome can be assessed with reasonable certainty, by including in the profit and loss account turnover and related costs as a contract activity progresses. Turnover is calculated as that proportion of total contract value which costs to date bear to total expected costs for that contract.
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Financial instruments
Classification
Financial assets are classified as financial assets at fair value through profit or loss, loans and debtors, held-to-maturity investments, available-for-sale financial assets, or as derivatives designated as hedging instruments in an effective hedge, as appropriate. The company determines the classification of its financial assets at initial recognition.
Financial liabilities are classified as financial liabilities at fair value through profit and loss, loans and borrowings, trade and other creditors, or as derivatives designated as hedging instruments in an effective hedge, as appropriate. The company determines the classification of its financial liabilities at initial recognition.
Recognition and measurement
Impairment
O.C.L. Drylining Limited
Notes to the Financial Statements for the Year Ended 30 June 2023
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade and other debtors
Trade and other debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the contract.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obselete and slow moving items.
Trade and other creditors
Trade and other creditors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, except where the effect of discounting would be immaterial. In such cases creditors are stated at transaction price.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Dividends
Dividend distributions to the company’s shareholders are recognised as liabilities in the financial statements in the reporting period in which the dividends are declared.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Stocks |
2023 |
2022 |
|
Raw materials |
|
|
O.C.L. Drylining Limited
Notes to the Financial Statements for the Year Ended 30 June 2023
Debtors |
2023 |
2022 |
|
Amounts owed by group undertakings |
|
- |
Prepayments |
|
|
Other debtors |
|
|
|
|
Creditors |
Creditors: amounts falling due within one year
2023 |
2022 |
|
Due within one year |
||
Trade creditors |
|
|
Amounts owed to group undertakings |
|
|
Other taxation and social security |
|
|
Other creditors |
|
|
Corporation tax |
168,790 |
94,716 |
|
|
Share capital |
Allotted, called up and fully paid shares
2023 |
2022 |
|||
No. |
£ |
No. |
£ |
|
|
|
100 |
|
100 |
Dividends |
2023 |
2022 |
|||
£ |
£ |
|||
Interim dividend of £ |
1,000,000 |
- |
||
O.C.L. Drylining Limited
Notes to the Financial Statements for the Year Ended 30 June 2023
Related party transactions |
Summary of transactions with other related parties
Parent and ultimate parent undertaking |
The parent of the smallest group in which these financial statements are consolidated is O.C.L. Holdings Limited, incorporated in England.
The address of O.C.L. Holdings Limited is:
Chester House
Chester Hall Lane
Basildon
Essex
SS14 3BG