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Registered Number: 10298232
England and Wales

 

 

 

OBC CELLAR TECH SERVICES LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 August 2022

End date: 31 July 2023
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 4 236,042    118,944 
236,042    118,944 
Current assets      
Stocks 5 760    104 
Debtors 6 322,009    261,189 
Cash at bank and in hand 263,219    122,377 
585,988    383,670 
Creditors: amount falling due within one year 7 (261,380)   (179,880)
Net current assets 324,608    203,790 
 
Total assets less current liabilities 560,650    322,734 
Provisions for liabilities 8 (63,145)   (327)
Net assets 497,505    322,407 
 

Capital and reserves
     
Called up share capital 1,000    1,000 
Profit and loss account 496,505    321,407 
Shareholder's funds 497,505    322,407 
 


For the year ended 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 07 February 2024 and were signed by:


-------------------------------
Emma Martina Kasprowicz
Director
1
General Information
OBC Cellar Tech Services Limited is a private company, limited by shares, registered in England and Wales, registration number 10298232, registration address Unit 16 Grange Farm Industrial Estate, Little Chesterton, Bicester, OX25 3PD.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
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 as sales net of value added tax, returns, rebates and discounts.


The company recognises revenue when:
the amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.






Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery 5 years Straight Line
Motor Vehicles 5 years Straight Line
Computer Equipment 5 years Straight Line
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
2.

Directors' Emoluments

2023
£
  2022
£
Administrative Expenses
Directors Salaries 24,190    30,000 
Directors Pension Contributions 103,416    200,000 
127,606    230,000 
 
Number of directors to whom retirement benefits accrued Number   Number
Defined contribution plans 1    1 

3.

Average number of employees

Average number of employees during the year was 7 (2022 : 3).
4.

Tangible fixed assets

Cost or valuation Plant and machinery   Motor Vehicles   Computer Equipment   Total
  £   £   £   £
At 01 August 2022 113,898    69,179    3,673    186,750 
Additions 107,388    49,442    715    157,545 
Disposals (14,090)   (11,494)     (25,584)
At 31 July 2023 207,196    107,127    4,388    318,711 
Depreciation
At 01 August 2022 41,558    25,511    735    67,804 
Charge for year 26,435    13,281    734    40,450 
On disposals (14,090)   (11,495)     (25,585)
At 31 July 2023 53,903    27,297    1,469    82,669 
Net book values
Closing balance as at 31 July 2023 153,293    79,830    2,919    236,042 
Opening balance as at 01 August 2022 72,339    43,667    2,938    118,944 


5.

Stocks

2023
£
  2022
£
Stocks 760    104 
760    104 

6.

Debtors: amounts falling due within one year

2023
£
  2022
£
Trade Debtors 87,430    248,732 
Prepayments & Accrued Income 228,607    5,407 
Other Debtors 5,972    7,050 
322,009    261,189 

7.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 127,847    112,032 
Corporation Tax 34,027    6,835 
Accrued Expenses 40,459    1,980 
Other Creditors 1,753   
Directors' Current Accounts 316    774 
VAT 56,978    58,259 
261,380    179,880 

8.

Provisions for liabilities

2023
£
  2022
£
Deferred Tax 62,740   
Pension Provisions 405    327 
63,145    327 

2