Registered number
08768172
Occupational Exposure Limited
Report and Accounts
30 June 2024
Occupational Exposure Limited
Registered number: 08768172
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 - 11,687
Current assets
Work in progress - 10,581
Debtors 4 - 10,561
Cash at bank and in hand 128 3,626
128 24,768
Creditors: amounts falling due within one year 5 (1,271) (33,368)
#NAME? (1,143) (8,600)
Total assets less current liabilities (1,143) 3,087
Creditors: amounts falling due after more than one year 6 - (9,206)
#NAME? (1,143) (6,119)
Capital and reserves
Called up share capital 3 3
Profit and loss account (1,146) (6,122)
Shareholders' funds (1,143) (6,119)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
S P Linfoot
Director
Approved by the board on 9 August 2024
Occupational Exposure Limited
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.These accounts have consideration for going concern basis.The directors intend to wind down the company in the forthcoming year and for it to cease to trade. They intend to sell the company assets and pay off the company liabilities with these funds, after this time it is their intention to close down the company and have it stuck from the register.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of value added taxes. Turnover includes revenue earned from the rendering of services.
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, at the foloowing rates
Plant and machinery 15% 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.
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. 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. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 July 2023 824 13,329 14,153
Disposals (824) (13,329) (14,153)
At 30 June 2024 - - -
Depreciation
At 1 July 2023 330 2,136 2,466
On disposals (330) (2,136) (2,466)
At 30 June 2024 - - -
Net book value
At 30 June 2024 - - -
At 30 June 2023 494 11,193 11,687
4 Debtors 2024 2023
£ £
Trade debtors - 7,273
Other debtors - 3,288
- 10,561
5 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts - 3,805
Trade creditors (909) 20,517
Other taxes and social security costs - 7,046
Directors loan account 2,180 2,000
1,271 33,368
6 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts - 9,206
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
S P Linfoot
Directors loan account - 180 180
P A Keeling
Directors loan account 1,000 - - 1,000
A Vickers (Died 26/09/2023)
Directors loan account 1,000 - - 1,000
2,000 - 180 2,180
8 Controlling party
The company is controlled by the directors.
9 Other information
Occupational Exposure Limited is a private company limited by shares and incorporated in England. Its registered office is:
4 High Street
Stanley
Co Durham
DH9 0DQ
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