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OLDHAMS OF WESTCLIFF LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2023






OLDHAMS OF WESTCLIFF LIMITED (REGISTERED NUMBER: 06276883)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

OLDHAMS OF WESTCLIFF LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2023







DIRECTORS: R P Oldham
B P Oldham





SECRETARY: B P Oldham





REGISTERED OFFICE: Charter House
103-105 Leigh Road
Leigh-on-Sea
Essex
SS9 1JL





REGISTERED NUMBER: 06276883 (England and Wales)





ACCOUNTANTS: Clouders
Chartered Certified Accountants
Charter House
103-105 Leigh Road
Leigh-on-Sea
Essex
SS9 1JL

OLDHAMS OF WESTCLIFF LIMITED (REGISTERED NUMBER: 06276883)

BALANCE SHEET
30TH JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 48,764 32,968
48,764 32,968

CURRENT ASSETS
Stocks 4,577 4,486
Debtors 6 27,531 2,626
Cash at bank and in hand 121,349 140,652
153,457 147,764
CREDITORS
Amounts falling due within one year 7 90,555 102,011
NET CURRENT ASSETS 62,902 45,753
TOTAL ASSETS LESS CURRENT
LIABILITIES

111,666

78,721

PROVISIONS FOR LIABILITIES 9,265 6,264
NET ASSETS 102,401 72,457

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 102,301 72,357
SHAREHOLDERS' FUNDS 102,401 72,457

OLDHAMS OF WESTCLIFF LIMITED (REGISTERED NUMBER: 06276883)

BALANCE SHEET - continued
30TH JUNE 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2nd February 2024 and were signed on its behalf by:





B P Oldham - Director


OLDHAMS OF WESTCLIFF LIMITED (REGISTERED NUMBER: 06276883)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023

1. STATUTORY INFORMATION

Oldhams of Westcliff Limited 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 equipment - 15% on reducing balance
Computer equipment - 33% on cost

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

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 17 (2022 - 17 ) .

OLDHAMS OF WESTCLIFF LIMITED (REGISTERED NUMBER: 06276883)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st July 2022
and 30th June 2023 350,000
AMORTISATION
At 1st July 2022
and 30th June 2023 350,000
NET BOOK VALUE
At 30th June 2023 -
At 30th June 2022 -

5. TANGIBLE FIXED ASSETS
Plant and Computer
equipment equipment Totals
£    £    £   
COST
At 1st July 2022 105,462 1,460 106,922
Additions 24,433 130 24,563
At 30th June 2023 129,895 1,590 131,485
DEPRECIATION
At 1st July 2022 72,803 1,151 73,954
Charge for year 8,570 197 8,767
At 30th June 2023 81,373 1,348 82,721
NET BOOK VALUE
At 30th June 2023 48,522 242 48,764
At 30th June 2022 32,659 309 32,968

OLDHAMS OF WESTCLIFF LIMITED (REGISTERED NUMBER: 06276883)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2023 2022
£    £   
Other debtors 27,531 2,626

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2023 2022
£    £   
Trade creditors 15,725 20,519
Taxation and social security 69,316 67,333
Other creditors 5,514 14,159
90,555 102,011

OLDHAMS OF WESTCLIFF LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
OLDHAMS OF WESTCLIFF LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30th June 2023 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Clouders
Chartered Certified Accountants
Charter House
103-105 Leigh Road
Leigh-on-Sea
Essex
SS9 1JL


Date: .............................................