25 October 2022 false No description of principal activity Taxfiler 2024.1 14441727business:PrivateLimitedCompanyLtd2022-10-252023-10-31 144417272022-10-24 144417272022-10-252023-10-31 14441727business:AuditExemptWithAccountantsReport2022-10-252023-10-31 14441727business:FilletedAccounts2022-10-252023-10-31 144417272023-10-31 14441727business:Director12022-10-252023-10-31 14441727business:Director22022-10-252023-10-31 14441727business:RegisteredOffice2022-10-252023-10-31 14441727core:WithinOneYear2023-10-31 14441727core:ShareCapitalcore:PreviouslyStatedAmount2023-10-31 14441727core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-10-31 14441727core:PreviouslyStatedAmount2023-10-31 14441727business:SmallEntities2022-10-252023-10-31 14441727countries:EnglandWales2022-10-252023-10-31 14441727core:PlantMachinery2022-10-252023-10-31 14441727core:ComputerEquipment2022-10-252023-10-31 14441727core:PlantMachinery2022-10-24 14441727core:ComputerEquipment2022-10-24 14441727core:PlantMachinery2023-10-31 14441727core:ComputerEquipment2023-10-31 iso4217:GBP xbrli:pure
Company Registration No. 14441727 (England and Wales)
O&O(HOVE) LTD Unaudited accounts for the period from 25 October 2022 to 31 October 2023
O&O(HOVE) LTD Unaudited accounts Contents
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O&O(HOVE) LTD Company Information for the period from 25 October 2022 to 31 October 2023
Directors
Margi Patel Neil Patel
Company Number
14441727 (England and Wales)
Registered Office
38 HANGLETON WAY HOVE BN3 8AG ENGLAND
Accountants
RMR Partnership LLP 3rd Floor, Vyman House 104 College Road Harrow Middlesex HA1 1BQ
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O&O(HOVE) LTD Statement of financial position as at 31 October 2023
2023 
Notes
£ 
Fixed assets
Tangible assets
3,030 
Current assets
Inventories
3,500 
Debtors
143 
Cash at bank and in hand
15,086 
18,729 
Creditors: amounts falling due within one year
(21,730)
Net current liabilities
(3,001)
Net assets
29 
Capital and reserves
Called up share capital
2 
Profit and loss account
27 
Shareholders' funds
29 
For the period ending 31 October 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 directors acknowledge their 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 of Directors and authorised for issue on 15 February 2024 and were signed on its behalf by
Neil Patel Director Company Registration No. 14441727
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O&O(HOVE) LTD Notes to the Accounts for the period from 25 October 2022 to 31 October 2023
1
Statutory information
O&O(HOVE) LTD is a private company, limited by shares, registered in England and Wales, registration number 14441727. The registered office is 38 HANGLETON WAY, HOVE, BN3 8AG, 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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and 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 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 sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% as per reducing balance method
Computer equipment
33.33% as per straight line method
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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O&O(HOVE) LTD Notes to the Accounts for the period from 25 October 2022 to 31 October 2023
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 25 October 2022
- 
- 
- 
Additions
3,353 
348 
3,701 
At 31 October 2023
3,353 
348 
3,701 
Depreciation
Charge for the period
565 
106 
671 
At 31 October 2023
565 
106 
671 
Net book value
At 31 October 2023
2,788 
242 
3,030 
5
Debtors
2023 
£ 
Amounts falling due within one year
Trade debtors
10 
Accrued income and prepayments
133 
143 
6
Creditors: amounts falling due within one year
2023 
£ 
VAT
942 
Trade creditors
294 
Taxes and social security
39 
Other creditors
864 
Loans from directors
18,091 
Accruals
1,500 
21,730 
7
Average number of employees
During the period the average number of employees was 6.
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