Caseware UK (AP4) 2022.0.179 2022.0.179 2023-07-312023-07-31falsetruefalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.22022-08-01No description of principal activity2 05513979 2022-08-01 2023-07-31 05513979 2021-08-01 2022-07-31 05513979 2023-07-31 05513979 2022-07-31 05513979 c:Director1 2022-08-01 2023-07-31 05513979 d:Buildings 2022-08-01 2023-07-31 05513979 d:Buildings 2023-07-31 05513979 d:Buildings 2022-07-31 05513979 d:Buildings d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 05513979 d:PlantMachinery 2022-08-01 2023-07-31 05513979 d:PlantMachinery 2023-07-31 05513979 d:PlantMachinery 2022-07-31 05513979 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 05513979 d:MotorVehicles 2022-08-01 2023-07-31 05513979 d:MotorVehicles 2023-07-31 05513979 d:MotorVehicles 2022-07-31 05513979 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 05513979 d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 05513979 d:CurrentFinancialInstruments 2023-07-31 05513979 d:CurrentFinancialInstruments 2022-07-31 05513979 d:Non-currentFinancialInstruments 2023-07-31 05513979 d:Non-currentFinancialInstruments 2022-07-31 05513979 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 05513979 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 05513979 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 05513979 d:Non-currentFinancialInstruments d:AfterOneYear 2022-07-31 05513979 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-07-31 05513979 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-07-31 05513979 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-07-31 05513979 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-07-31 05513979 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-07-31 05513979 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-07-31 05513979 d:ShareCapital 2023-07-31 05513979 d:ShareCapital 2022-07-31 05513979 d:RetainedEarningsAccumulatedLosses 2022-08-01 2023-07-31 05513979 d:RetainedEarningsAccumulatedLosses 2023-07-31 05513979 d:RetainedEarningsAccumulatedLosses 2022-07-31 05513979 c:OrdinaryShareClass1 2022-08-01 2023-07-31 05513979 c:OrdinaryShareClass1 2023-07-31 05513979 c:OrdinaryShareClass1 2022-07-31 05513979 c:FRS102 2022-08-01 2023-07-31 05513979 c:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 05513979 c:FullAccounts 2022-08-01 2023-07-31 05513979 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 05513979 2 2022-08-01 2023-07-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 05513979










O G W (BUILDERS) LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2023

 
O G W (BUILDERS) LIMITED
REGISTERED NUMBER:05513979

BALANCE SHEET
AS AT 31 JULY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
114,211
114,611

  
114,211
114,611

Current assets
  

Stocks
 6 
1,475
2,500

Debtors: amounts falling due within one year
 7 
3,412
17,730

Cash at bank and in hand
 8 
1,406
203

  
6,293
20,433

Creditors: amounts falling due within one year
 9 
(24,507)
(32,662)

Net current liabilities
  
 
 
(18,214)
 
 
(12,229)

Total assets less current liabilities
  
95,997
102,382

Creditors: amounts falling due after more than one year
 10 
(141,423)
(134,699)

  

Net liabilities
  
(45,426)
(32,317)


Capital and reserves
  

Called up share capital 
 12 
100
100

Profit and loss account
 13 
(45,526)
(32,417)

  
(45,426)
(32,317)


Page 1

 
O G W (BUILDERS) LIMITED
REGISTERED NUMBER:05513979
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 9 April 2024.




B R Hamer
Director

The notes on pages 3 to 12 form part of these financial statements.

Page 2

 
O G W (BUILDERS) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1.


General information

O G W (Builders) Limited, 05513979, is a private company, limited by shares, incorporated in England and Wales, with its registered office and principal place of business at 62 Caegwyn, Llanidloes, Powys, SY18 6DT.
The principal activity of the Company is that of general building.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements are prepared on a going concern basis and assumed the continued support of the directors. 

Page 3

 
O G W (BUILDERS) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 4

 
O G W (BUILDERS) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a straight line and reducing balance basis.

Depreciation is provided on the following basis:

Freehold property
-
2%
straight line
Plant and machinery
-
25%
reducing balance
Motor vehicles
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 5

 
O G W (BUILDERS) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations or future events that are believed to be reasonable under the circumstances.
The Company makes estimates and assumptions concerning the future, the resulting accounting estimates will, by definition, seldom equal the related actual results. In the opinion of the directors there are no estimates nor assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year. 

Page 6

 
O G W (BUILDERS) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

4.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


5.


Tangible fixed assets





Freehold property
Plant and machinery
Motor vehicles
Total

£
£
£
£



Cost or valuation


At 1 August 2022
120,000
9,945
5,000
134,945



At 31 July 2023

120,000
9,945
5,000
134,945



Depreciation


At 1 August 2022
6,800
9,845
3,689
20,334


Charge for the year on owned assets
400
-
-
400



At 31 July 2023

7,200
9,845
3,689
20,734



Net book value



At 31 July 2023
112,800
100
1,311
114,211



At 31 July 2022
113,200
100
1,311
114,611


6.


Stocks

2023
2022
£
£

Raw materials and consumables
1,475
2,500

1,475
2,500


Page 7

 
O G W (BUILDERS) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

7.


Debtors

2023
2022
£
£


Trade debtors
3,412
17,730

3,412
17,730



8.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
1,406
203

Less: bank overdrafts
(17,119)
(18,673)

(15,713)
(18,470)


Page 8

 
O G W (BUILDERS) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

9.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
17,119
18,673

Bank loans
2,496
2,683

Trade creditors
716
1,724

Other taxation and social security
2,102
7,389

Accruals and deferred income
2,074
2,193

24,507
32,662


The following liabilities were secured:

2023
2022
£
£



Bank overdrafts
17,119
18,673

Bank loans
2,496
2,683

19,615
21,356

Details of security provided:

The bank overdraft and bank loan are secured upon the assets of the Company. 

Page 9

 
O G W (BUILDERS) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

10.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
20,943
23,311

Other creditors
120,480
111,388

141,423
134,699


The following liabilities were secured:

2023
2022
£
£



Bank loans
20,943
23,311

20,943
23,311

Details of security provided:

The bank loan is secured upon the assets of the Company. 

Page 10

 
O G W (BUILDERS) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

11.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
2,496
2,683


2,496
2,683

Amounts falling due 1-2 years

Bank loans
3,411
2,810


3,411
2,810

Amounts falling due 2-5 years

Bank loans
9,929
9,418


9,929
9,418

Amounts falling due after more than 5 years

Bank loans
7,603
11,083

7,603
11,083

23,439
25,994


Page 11

 
O G W (BUILDERS) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

12.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100



13.


Reserves

Profit and loss account

The profit and loss account represents the accumulated profits of the Company since incorporation less distributions made to shareholders. 

 
Page 12