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REGISTERED NUMBER: 04924610 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

OCL (Sheffield) Limited

OCL (Sheffield) Limited (Registered number: 04924610)

Contents of the Financial Statements
for the Year Ended 30 November 2023










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


OCL (Sheffield) Limited

Company Information
for the Year Ended 30 November 2023







DIRECTOR: Mr D P Naughton



SECRETARY: Mrs W E Naughton



REGISTERED OFFICE: 126-128 Handsworth Road
Sheffield
South Yorkshire
S9 4AE



REGISTERED NUMBER: 04924610 (England and Wales)



ACCOUNTANTS: Landin Wilcock & Co
Chartered Accountants
68 Queen Street
Sheffield
South Yorkshire
S1 1WR



BANKERS: The Co-Operative Bank Plc
P O Box 250
Skelmerdale
WN8 6WT

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
OCL (Sheffield) Limited


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Director's Report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of OCL (Sheffield) Limited for the year ended 30 November 2023 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of OCL (Sheffield) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of OCL (Sheffield) Limited and state those matters that we have agreed to state to the director of OCL (Sheffield) Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than OCL (Sheffield) Limited and its director for our work or for this report.

It is your duty to ensure that OCL (Sheffield) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of OCL (Sheffield) Limited. You consider that OCL (Sheffield) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of OCL (Sheffield) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Landin Wilcock & Co
Chartered Accountants
68 Queen Street
Sheffield
South Yorkshire
S1 1WR


20 August 2024

OCL (Sheffield) Limited (Registered number: 04924610)

Balance Sheet
30 November 2023

30/11/23 30/11/22
Notes £    £   
FIXED ASSETS
Tangible assets 4 166,799 168,876

CURRENT ASSETS
Debtors 5 181,636 178,358
Cash at bank and in hand 649,052 504,565
830,688 682,923
CREDITORS
Amounts falling due within one year 6 (104,351 ) (79,595 )
NET CURRENT ASSETS 726,337 603,328
TOTAL ASSETS LESS CURRENT LIABILITIES 893,136 772,204

PROVISIONS FOR LIABILITIES (24,511 ) (24,528 )
NET ASSETS 868,625 747,676

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 868,623 747,674
868,625 747,676

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

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 20 August 2024 and were signed by:




Mr D P Naughton - Director


OCL (Sheffield) Limited (Registered number: 04924610)

Notes to the Financial Statements
for the Year Ended 30 November 2023


1. STATUTORY INFORMATION

OCL (Sheffield) 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.

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


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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.
Long leasehold - 2% on cost
Improvements to property - 10% on cost
Fixtures and fittings - 25% on cost and 15% on cost
Motor vehicles - 25% on reducing balance

Tangible fixed assets are initially measured at cost. Subsequently, they are measured at cost less accumulated depreciation and impairment losses.

Government grants
The company has applied the accruals model when accounting for government grants which are received by the company relating to income, expenses or assets.

Financial instruments
Financial assets and financial liabilities are recognised when the company becomes party to the contractual provisions of the instrument. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the asset of the company after deducting all of its liabilities.

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.


OCL (Sheffield) Limited (Registered number: 04924610)

Notes to the Financial Statements - continued
for the Year Ended 30 November 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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.

Going concern
The directors have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing annual financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2022 - 17 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Long to and Motor
leasehold property fittings vehicles Totals
£    £    £    £    £   
COST
At 1 December 2022 70,718 17,440 175,786 32,904 296,848
Additions - - 23,451 - 23,451
At 30 November 2023 70,718 17,440 199,237 32,904 320,299
DEPRECIATION
At 1 December 2022 7,070 11,045 83,973 25,884 127,972
Charge for year 1,415 640 21,248 2,225 25,528
At 30 November 2023 8,485 11,685 105,221 28,109 153,500
NET BOOK VALUE
At 30 November 2023 62,233 5,755 94,016 4,795 166,799
At 30 November 2022 63,648 6,395 91,813 7,020 168,876

OCL (Sheffield) Limited (Registered number: 04924610)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
£    £   
Trade debtors 176,515 174,498
Other debtors 5,121 3,860
181,636 178,358

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
£    £   
Taxation and social security 97,687 73,308
Other creditors 6,664 6,287
104,351 79,595