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REGISTERED NUMBER: 12891982 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

OCHO SPORT LIMITED

OCHO SPORT LIMITED (REGISTERED NUMBER: 12891982)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


OCHO SPORT LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTOR: S C Denyer





REGISTERED OFFICE: Pinewood Hall
Farnham Lane
Haslemere
Surrey
GU27 1HE





REGISTERED NUMBER: 12891982 (England and Wales)





ACCOUNTANTS: A & N (Haslemere) Limited
Aruna House
2 Kings Road
Haslemere
Surrey
GU27 2QA

OCHO SPORT LIMITED (REGISTERED NUMBER: 12891982)

STATEMENT OF FINANCIAL POSITION
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 172,270 18,392
Investments 4 94,667 -
266,937 18,392

CURRENT ASSETS
Debtors 5 236,522 343,873
Cash at bank 855,821 757,254
1,092,343 1,101,127
CREDITORS
Amounts falling due within one year 6 364,861 82,185
NET CURRENT ASSETS 727,482 1,018,942
TOTAL ASSETS LESS CURRENT
LIABILITIES

994,419

1,037,334

PROVISIONS FOR LIABILITIES 43,068 4,598
NET ASSETS 951,351 1,032,736

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 951,251 1,032,636
951,351 1,032,736

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.

OCHO SPORT LIMITED (REGISTERED NUMBER: 12891982)

STATEMENT OF FINANCIAL POSITION - 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 2 September 2024 and were signed by:





S C Denyer - Director


OCHO SPORT LIMITED (REGISTERED NUMBER: 12891982)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023

1. 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 each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 5 ) .

OCHO SPORT LIMITED (REGISTERED NUMBER: 12891982)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

3. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 - - 27,325 27,325
Additions 59,748 129,394 12,402 201,544
At 31 December 2023 59,748 129,394 39,727 228,869
DEPRECIATION
At 1 January 2023 - - 8,933 8,933
Charge for year 8,348 32,349 6,969 47,666
At 31 December 2023 8,348 32,349 15,902 56,599
NET BOOK VALUE
At 31 December 2023 51,400 97,045 23,825 172,270
At 31 December 2022 - - 18,392 18,392

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 94,667
At 31 December 2023 94,667
NET BOOK VALUE
At 31 December 2023 94,667

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 7,500 12,000
Other debtors 59,165 2,302
Directors' current accounts 18,021 318,116
VAT 7,862 1,976
Prepayments and accrued income 90,833 -
Prepayments 53,141 9,479
236,522 343,873

OCHO SPORT LIMITED (REGISTERED NUMBER: 12891982)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 21,720 57
Tax 306,453 57,209
Social security and other taxes 26,524 23,319
Other creditors 5,000 -
Accrued expenses 5,164 1,600
364,861 82,185