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REGISTERED NUMBER: 04324338 (England and Wales)
















OHFS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






OHFS LIMITED (REGISTERED NUMBER: 04324338)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OHFS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: S Whelan





SECRETARY: P Whelan





REGISTERED OFFICE: Newlands Farm
70 Tong Lane
Tong Village
Bradford
West Yorkshire
BD4 0RX





REGISTERED NUMBER: 04324338 (England and Wales)





ACCOUNTANTS: UHY BPR Heaton
Chartered Accountants
Glenewes House
Gate Way Drive
Leeds
West Yorkshire
LS19 7XY

OHFS LIMITED (REGISTERED NUMBER: 04324338)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 52,614 57,495
52,614 57,495

CURRENT ASSETS
Debtors 6 28,899 35,258
Investments 7 - 50,552
Cash at bank and in hand 123,496 95,527
152,395 181,337
CREDITORS
Amounts falling due within one year 8 125,177 49,357
NET CURRENT ASSETS 27,218 131,980
TOTAL ASSETS LESS CURRENT
LIABILITIES

79,832

189,475

CREDITORS
Amounts falling due after more than one
year

9

(16,295

)

(26,655

)

PROVISIONS FOR LIABILITIES (13,154 ) (16,512 )
NET ASSETS 50,383 146,308

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Fair value reserve 11 - 6,414
Retained earnings 40,383 129,894
SHAREHOLDERS' FUNDS 50,383 146,308

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

OHFS LIMITED (REGISTERED NUMBER: 04324338)

BALANCE SHEET - continued
31 DECEMBER 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 director and authorised for issue on 8 July 2024 and were signed by:





S Whelan - Director


OHFS LIMITED (REGISTERED NUMBER: 04324338)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

OHFS Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

Turnover
Turnover represents fees and commissions receivable, excluding VAT.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2001, has been fully amortised.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 15% on reducing balance
Computer equipment - 25% on reducing balance

Financial instruments
Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

Financial assets and liabilities are initially measured at transaction price, except for those financial assets classified as at fair value through profit or loss.

Basic financial instruments
Basic financial instruments are those with relatively straight forward terms and would normally include cash, bank balances, trade debtors, trade creditors and uncomplicated bank loans.

Where the arrangement does not constitute a financing transaction, e.g. trade debtors on normal commercial terms, the debtor will be valued initially at transaction price (i.e. cost) and subsequently at transaction price less impairment (if any) due to concerns over recoverability.

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 balance sheet date.


OHFS LIMITED (REGISTERED NUMBER: 04324338)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 January 2023
and 31 December 2023 189,980
AMORTISATION
At 1 January 2023
and 31 December 2023 189,980
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

OHFS LIMITED (REGISTERED NUMBER: 04324338)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 January 2023 99,829
Additions 4,852
At 31 December 2023 104,681
DEPRECIATION
At 1 January 2023 42,334
Charge for year 9,733
At 31 December 2023 52,067
NET BOOK VALUE
At 31 December 2023 52,614
At 31 December 2022 57,495

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 18,287 18,703
Other debtors 10,612 16,555
28,899 35,258

7. CURRENT ASSET INVESTMENTS
2023 2022
£ £
Current asset investment - 50,552

The current asset investment is stated at market value at 31st December 2022.

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Hire purchase contracts (see note 10) 10,359 9,978
Trade creditors 2,101 2,190
Taxation and social security 14,093 30,421
Other creditors 98,624 6,768
125,177 49,357

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£ £
Hire purchase contracts (see note 10) 16,295 26,655

OHFS LIMITED (REGISTERED NUMBER: 04324338)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£ £
Net obligations repayable:
Within one year 10,359 9,978
Between one and five years 16,295 26,655
26,654 36,633

Non-cancellable
operating leases
2023 2022
£ £
Within one year 1,954 1,954
Between one and five years 4,723 6,677
6,677 8,631

11. RESERVES
Fair value
reserve
£
At 1 January 2023 6,414
Disposal (6,414 )

At 31 December 2023 -