Registered number
10982968
OKELLY SERVICES LIMITED
(Previously SIMPLY VOIP LIMITED and REVOITSOLUTIONS LIMTED)
Filleted Accounts
30 September 2023
OKELLY SERVICES LIMITED
Registered number: 10982968
Balance Sheet
as at 30 September 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,175 1,513
Current assets
Stocks 2,100 2,100
Debtors 4 9,235 7,039
Cash at bank and in hand (9,484) 21,036
1,851 30,175
Creditors: amounts falling due within one year 5 (35,942) (40,217)
Net current liabilities (34,091) (10,042)
Total assets less current liabilities (32,916) (8,529)
Creditors: amounts falling due after more than one year 6 (7,660) (9,628)
Net liabilities (40,576) (18,157)
Capital and reserves
Called up share capital 100 100
Profit and loss account (40,676) (18,257)
Shareholder's funds (40,576) (18,157)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Mr T O'Kelly
Director
Approved by the board on 25 July 2024
OKELLY SERVICES LIMITED
Notes to the Accounts
for the year ended 30 September 2023
1 Accounting policies
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.
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:
Plant and machinery 33% Straight line & 25% reducing balance
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2022 3,275
Additions 167
At 30 September 2023 3,442
Depreciation
At 1 October 2022 1,762
Charge for the year 505
At 30 September 2023 2,267
Net book value
At 30 September 2023 1,175
At 30 September 2022 1,513
4 Debtors 2023 2022
£ £
Trade debtors 1,557 6,357
Other debtors 7,678 682
9,235 7,039
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 2,500 2,500
Trade creditors 25,099 22,219
Taxation and social security costs 8,092 15,312
Other creditors 251 186
35,942 40,217
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 7,660 9,628
7 Other information
OKELLY SERVICES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Gemini House, Hargreaves Road
Groundwell Industrial Estate
Swindon
Wiltshire
SN25 5AZ
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