OCS PAINT LIMITED

Company Registration Number:
10004202 (England and Wales)

Unaudited statutory accounts for the year ended 29 March 2023

Period of accounts

Start date: 30 March 2022

End date: 29 March 2023

OCS PAINT LIMITED

Contents of the Financial Statements

for the Period Ended 29 March 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

OCS PAINT LIMITED

Directors' report period ended 29 March 2023

The directors present their report with the financial statements of the company for the period ended 29 March 2023

Principal activities of the company

The principal activity was specialist car paint, repair and modification



Directors

The directors shown below have held office during the whole of the period from
30 March 2022 to 29 March 2023

Nicholas Williams
Ashley Hickles


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
28 March 2024

And signed on behalf of the board by:
Name: Nicholas Williams
Status: Director

OCS PAINT LIMITED

Profit And Loss Account

for the Period Ended 29 March 2023

2023 2022


£

£
Turnover: 740,446 706,333
Cost of sales: ( 565,468 ) ( 452,779 )
Gross profit(or loss): 174,978 253,554
Administrative expenses: ( 127,864 ) ( 203,939 )
Operating profit(or loss): 47,114 49,615
Interest receivable and similar income: 4
Interest payable and similar charges: ( 66 )
Profit(or loss) before tax: 47,118 49,549
Tax: ( 8,952 ) ( 9,945 )
Profit(or loss) for the financial year: 38,166 39,604

OCS PAINT LIMITED

Balance sheet

As at 29 March 2023

Notes 2023 2022


£

£
Fixed assets
Intangible assets: 3 6,989 9,194
Tangible assets: 4 17,336 11,132
Total fixed assets: 24,325 20,326
Current assets
Stocks: 5 92,985 85,572
Debtors: 6 10,200 10,000
Total current assets: 103,185 95,572
Creditors: amounts falling due within one year: 7 ( 109,882 ) ( 104,436 )
Net current assets (liabilities): (6,697) (8,864)
Total assets less current liabilities: 17,628 11,462
Total net assets (liabilities): 17,628 11,462
Capital and reserves
Called up share capital: 102 102
Profit and loss account: 17,526 11,360
Total Shareholders' funds: 17,628 11,462

The notes form part of these financial statements

OCS PAINT LIMITED

Balance sheet statements

For the year ending 29 March 2023 the company was entitled to exemption 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.

This report was approved by the board of directors on 28 March 2024
and signed on behalf of the board by:

Name: Nicholas Williams
Status: Director

The notes form part of these financial statements

OCS PAINT LIMITED

Notes to the Financial Statements

for the Period Ended 29 March 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Revenue from the sale of goods is recognised when all of the following are satisfied; risk & reward is transferred to the buyer, the company has no ownership or control over the goods, the amount can be measured reliably and it is likely the company will receive the consideration.

OCS PAINT LIMITED

Notes to the Financial Statements

for the Period Ended 29 March 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 3 3

OCS PAINT LIMITED

Notes to the Financial Statements

for the Period Ended 29 March 2023

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 30 March 2022 22,058 22,058
Additions
Disposals
Revaluations
Transfers
At 29 March 2023 22,058 22,058
Amortisation
At 30 March 2022 12,864 12,864
Charge for year 2,205 2,205
On disposals
Other adjustments
At 29 March 2023 15,069 15,069
Net book value
At 29 March 2023 6,989 6,989
At 29 March 2022 9,194 9,194

OCS PAINT LIMITED

Notes to the Financial Statements

for the Period Ended 29 March 2023

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 30 March 2022 31,955 13,475 45,430
Additions 20,000 20,000
Disposals
Revaluations
Transfers
At 29 March 2023 31,955 33,475 65,430
Depreciation
At 30 March 2022 20,823 13,475 34,298
Charge for year 9,046 4,750 13,796
On disposals
Other adjustments
At 29 March 2023 29,869 18,225 48,094
Net book value
At 29 March 2023 2,086 15,250 17,336
At 29 March 2022 11,132 0 11,132

OCS PAINT LIMITED

Notes to the Financial Statements

for the Period Ended 29 March 2023

5. Stocks

2023 2022
£ £
Stocks 92,985 85,572
Total 92,985 85,572

OCS PAINT LIMITED

Notes to the Financial Statements

for the Period Ended 29 March 2023

6. Debtors

2023 2022
£ £
Trade debtors 10,200 10,000
Total 10,200 10,000

OCS PAINT LIMITED

Notes to the Financial Statements

for the Period Ended 29 March 2023

7. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 13,339 5,703
Trade creditors 47,291 50,000
Taxation and social security 8,952 8,433
Other creditors 40,300 40,300
Total 109,882 104,436