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Company Registration No. 12263607 (England and Wales)
OAM Logistics Ltd Unaudited accounts for the year ended 31 October 2023
OAM Logistics Ltd Unaudited accounts Contents
Page
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OAM Logistics Ltd Company Information for the year ended 31 October 2023
Director
Daniel Mannion
Company Number
12263607 (England and Wales)
Registered Office
26 Ashford Road Stockport Cheshire SK4 5JX United Kingdom
Accountants
Whyatt Accountancy Stockport Business & Innovation Centre Broadstone Mill, Broadstone Road Stockport Cheshire SK5 7DL
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OAM Logistics Ltd Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
7,472 
11,970 
Current assets
Debtors
15,272 
16,093 
Cash at bank and in hand
3,129 
3,662 
18,401 
19,755 
Creditors: amounts falling due within one year
(13,371)
(15,953)
Net current assets
5,030 
3,802 
Total assets less current liabilities
12,502 
15,772 
Creditors: amounts falling due after more than one year
(10,579)
(10,603)
Provisions for liabilities
Deferred tax
(1,420)
(2,274)
Net assets
503 
2,895 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
502 
2,894 
Shareholders' funds
503 
2,895 
For the year 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 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 31 January 2024 and were signed on its behalf by
Daniel Mannion Director Company Registration No. 12263607
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OAM Logistics Ltd Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
OAM Logistics Ltd is a private company, limited by shares, registered in England and Wales, registration number 12263607. The registered office is 26 Ashford Road, Stockport, Cheshire, SK4 5JX, United Kingdom.
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 remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention.
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
over 3-5 years (straight line basis)
Motor vehicles
over 5 years (straight line basis)
Fixtures & fittings
over 3-5 years (straight line basis)
Computer equipment
over 3 years (straight line basis)
Deferred taxation
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. Deferred tax assets and liabilities are not discounted.
Financial instruments
Basic financial instruments are recognised at amortised cost. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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OAM Logistics Ltd Notes to the Accounts for the year ended 31 October 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 November 2022
673 
19,590 
1,197 
349 
21,809 
At 31 October 2023
673 
19,590 
1,197 
349 
21,809 
Depreciation
At 1 November 2022
143 
9,142 
419 
135 
9,839 
Charge for the year
224 
3,918 
239 
117 
4,498 
At 31 October 2023
367 
13,060 
658 
252 
14,337 
Net book value
At 31 October 2023
306 
6,530 
539 
97 
7,472 
At 31 October 2022
530 
10,448 
778 
214 
11,970 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
4,567 
5,220 
Accrued income and prepayments
3,064 
- 
Other debtors
7,641 
10,873 
15,272 
16,093 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
2,092 
3,678 
VAT
2,844 
2,932 
Taxes and social security
6,764 
7,946 
Accruals
1,671 
1,397 
13,371 
15,953 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
10,579 
10,603 
Aggregate of amounts that fall due for payment after five years
3,396 
- 
No security has been granted for the bank loans at 31 October 2023 (31 October 2022: none).
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OAM Logistics Ltd Notes to the Accounts for the year ended 31 October 2023
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Daniel Mannion
Loans to directors included in 'Other debtors' (note 5)
8,206 
1,387 
4,619 
4,974 
8,206 
1,387 
4,619 
4,974 
No amounts have been waived or written off in the year (2022: £Nil). The maximum amount outstanding during the year was £9,593 (2022: £9,385).
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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