Registered number
10049866
OHC SERVICES LIMITED
Filleted Accounts
31 August 2023
OHC SERVICES LIMITED
Registered number: 10049866
Balance Sheet
as at 31 August 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 10,239 14,078
Tangible assets 4 6,097 5,425
16,336 19,503
Current assets
Debtors 5 443,499 133,504
Cash at bank and in hand 106,468 234,277
549,967 367,781
Creditors: amounts falling due within one year 6 (169,221) (194,423)
Net current assets 380,746 173,358
Total assets less current liabilities 397,082 192,861
Provisions for liabilities (3,104) (3,705)
Net assets 393,978 189,156
Capital and reserves
Called up share capital 100 100
Profit and loss account 393,878 189,056
Shareholders' funds 393,978 189,156
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D Delaney
Director
Approved by the board on 8 February 2024
OHC SERVICES LIMITED
Notes to the Accounts
for the year ended 31 August 2023
1 Accounting policies
Basis of preparation
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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures & fittings 20% straight line
Plant and machinery 20% straight line
Computers 25% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 96 86
3 Intangible fixed assets £
Goodwill:
Cost
At 1 September 2022 38,394
At 31 August 2023 38,394
Amortisation
At 1 September 2022 24,316
Provided during the year 3,839
At 31 August 2023 28,155
Net book value
At 31 August 2023 10,239
At 31 August 2022 14,078
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 September 2022 19,514
Additions 3,340
At 31 August 2023 22,854
Depreciation
At 1 September 2022 14,089
Charge for the year 2,668
At 31 August 2023 16,757
Net book value
At 31 August 2023 6,097
At 31 August 2022 5,425
5 Debtors 2023 2022
£ £
Trade debtors 1,511 21,146
Other debtors 441,988 112,358
443,499 133,504
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 2,136 686
Taxation and social security costs 77,150 62,555
Other creditors 89,935 131,182
169,221 194,423
7 Related party transactions
As at 31 August 2023, the company was owed £325,000 from Delfic Ltd, a connected company as it is under the same control and ownership as OHC Services Limited.
8 Other information
OHC SERVICES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Suite 16 Charter House
Courtlands Road
Eastbourne
BN22 8UY
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