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REGISTERED NUMBER: 11851942 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2024

for

OffCamber Limited

OffCamber Limited (Registered number: 11851942)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


OffCamber Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr J Day
Mrs T Day





REGISTERED OFFICE: 38 Salisbury Street
Blandford Forum
Dorset
DT11 7PR





REGISTERED NUMBER: 11851942 (England and Wales)





ACCOUNTANTS: Ward Goodman
4 Cedar Park
Cobham Road
Ferndown Industrial Estate
Wimborne
Dorset
BH21 7SF

OffCamber Limited (Registered number: 11851942)

Abridged Statement of Financial Position
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 20,000 24,000
Tangible assets 5 32,512 42,955
52,512 66,955

CURRENT ASSETS
Stocks 200,874 194,437
Prepayments and accrued income 2,313 1,458
Cash at bank 188,397 132,592
391,584 328,487
CREDITORS
Amounts falling due within one year 93,298 52,152
NET CURRENT ASSETS 298,286 276,335
TOTAL ASSETS LESS CURRENT
LIABILITIES

350,798

343,290

PROVISIONS FOR LIABILITIES (5,060 ) (6,997 )

ACCRUALS AND DEFERRED INCOME (13,787 ) (8,957 )
NET ASSETS 331,951 327,336

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 331,851 327,236
SHAREHOLDERS' FUNDS 331,951 327,336

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

OffCamber Limited (Registered number: 11851942)

Abridged Statement of Financial Position - continued
31 March 2024


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 August 2024 and were signed on its behalf by:




Mrs T Day - Director



Mr J Day - Director


OffCamber Limited (Registered number: 11851942)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

OffCamber 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

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 each asset over its estimated useful life.
Improvements to property - 25% on reducing balance
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.


OffCamber Limited (Registered number: 11851942)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

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

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.

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial in such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Impairment of assets
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

OffCamber Limited (Registered number: 11851942)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023
and 31 March 2024 40,000
AMORTISATION
At 1 April 2023 16,000
Amortisation for year 4,000
At 31 March 2024 20,000
NET BOOK VALUE

At 31 March 2024 20,000
At 31 March 2023 24,000

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 78,437
Additions 295
At 31 March 2024 78,732
DEPRECIATION
At 1 April 2023 35,482
Charge for year 10,738
At 31 March 2024 46,220
NET BOOK VALUE
At 31 March 2024 32,512
At 31 March 2023 42,955

6. RELATED PARTY DISCLOSURES

During the year rent of £24,000 was paid to the directors (2023: £24,000).