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REGISTERED NUMBER: 11456321 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 July 2023

for

O & H Mechanical Ltd

O & H Mechanical Ltd (Registered number: 11456321)

Contents of the Financial Statements
for the Year Ended 31 July 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


O & H Mechanical Ltd

Company Information
for the Year Ended 31 July 2023







DIRECTORS: N Overthrow
O J Hillman
Miss M I Hobbis
Mrs L J Overthrow



REGISTERED OFFICE: 1 Neptune Close
Abbeymead
Gloucester
Gloucestershire
GL4 5UQ



REGISTERED NUMBER: 11456321 (England and Wales)



ACCOUNTANTS: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
Gloucestershire
GL3 3RS



BANKERS: Lloyds Bank

O & H Mechanical Ltd (Registered number: 11456321)

Statement of Financial Position
31 July 2023

31/7/23 31/7/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 3,800
Tangible assets 5 11,774 15,838
11,774 19,638

CURRENT ASSETS
Stocks 15,733 5,000
Debtors 6 84,813 69,343
Cash at bank 12,323 46,841
112,869 121,184
CREDITORS
Amounts falling due within one year 7 75,865 75,938
NET CURRENT ASSETS 37,004 45,246
TOTAL ASSETS LESS CURRENT
LIABILITIES

48,778

64,884

CREDITORS
Amounts falling due after more than one
year

8

(25,000

)

(35,000

)

PROVISIONS FOR LIABILITIES (1,938 ) (2,322 )
NET ASSETS 21,840 27,562

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 21,740 27,462
SHAREHOLDERS' FUNDS 21,840 27,562

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

O & H Mechanical Ltd (Registered number: 11456321)

Statement of Financial Position - continued
31 July 2023


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 13 February 2024 and were signed on its behalf by:




N Overthrow - Director



O J Hillman - Director


O & H Mechanical Ltd (Registered number: 11456321)

Notes to the Financial Statements
for the Year Ended 31 July 2023


1. STATUTORY INFORMATION

O & H Mechanical Ltd 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 2018, is being amortised evenly over its estimated useful life of five years.

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 machinery - 25% on reducing balance
Computer equipment - 25% on cost

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

O & H Mechanical Ltd (Registered number: 11456321)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
Cost
At 1 August 2022
and 31 July 2023 19,000
Amortisation
At 1 August 2022 15,200
Charge for year 3,800
At 31 July 2023 19,000
Net book value
At 31 July 2023 -
At 31 July 2022 3,800

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
Cost
At 1 August 2022
and 31 July 2023 31,580 2,594 34,174
Depreciation
At 1 August 2022 16,112 2,224 18,336
Charge for year 3,867 197 4,064
At 31 July 2023 19,979 2,421 22,400
Net book value
At 31 July 2023 11,601 173 11,774
At 31 July 2022 15,468 370 15,838

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/23 31/7/22
£    £   
Trade debtors 39,308 57,348
Other debtors 45,505 11,995
84,813 69,343

O & H Mechanical Ltd (Registered number: 11456321)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/23 31/7/22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 8,513 11,894
Taxation and social security 16,548 12,825
Other creditors 40,804 41,219
75,865 75,938

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/7/23 31/7/22
£    £   
Bank loans 25,000 35,000

9. RELATED PARTY DISCLOSURES

N Overthrow & Mrs L J Overthrow
Directors

A loan exists between the company and the directors N Overthrow and Mrs L J Overthrow. At 31 July 2023, the company owed the directors £24,292 (2022 - £24,485). The loan is interest free with no fixed repayment terms.

O J Hillman & Miss M I Hobbis
Directors

A loan exists between the company and the directors O J Hillman and Miss M I Hobbis. At 31 July 2023, the company owed the directors £12,000 (2022 - £12,243). The loan is interest free with no fixed repayment terms.