2023-03-012024-02-282024-02-28false06008724OZ P.M. LIMITED2024-05-15iso4217:GBPxbrli:pure060087242023-03-01060087242024-02-28060087242023-03-012024-02-28060087242022-03-01060087242023-02-28060087242022-03-012023-02-2806008724bus:SmallEntities2023-03-012024-02-2806008724bus:AuditExempt-NoAccountantsReport2023-03-012024-02-2806008724bus:FullAccounts2023-03-012024-02-2806008724bus:PrivateLimitedCompanyLtd2023-03-012024-02-2806008724core:WithinOneYear2024-02-2806008724core:AfterOneYear2024-02-2806008724core:WithinOneYear2023-02-2806008724core:AfterOneYear2023-02-2806008724core:ShareCapital2024-02-2806008724core:SharePremium2024-02-2806008724core:RevaluationReserve2024-02-2806008724core:OtherReservesSubtotal2024-02-2806008724core:RetainedEarningsAccumulatedLosses2024-02-2806008724core:ShareCapital2023-02-2806008724core:SharePremium2023-02-2806008724core:RevaluationReserve2023-02-2806008724core:OtherReservesSubtotal2023-02-2806008724core:RetainedEarningsAccumulatedLosses2023-02-2806008724core:LandBuildings2024-02-2806008724core:PlantMachinery2024-02-2806008724core:Vehicles2024-02-2806008724core:FurnitureFittings2024-02-2806008724core:OfficeEquipment2024-02-2806008724core:NetGoodwill2024-02-2806008724core:IntangibleAssetsOtherThanGoodwill2024-02-2806008724core:ListedExchangeTraded2024-02-2806008724core:UnlistedNon-exchangeTraded2024-02-2806008724core:LandBuildings2023-02-2806008724core:PlantMachinery2023-02-2806008724core:Vehicles2023-02-2806008724core:FurnitureFittings2023-02-2806008724core:OfficeEquipment2023-02-2806008724core:NetGoodwill2023-02-2806008724core:IntangibleAssetsOtherThanGoodwill2023-02-2806008724core:ListedExchangeTraded2023-02-2806008724core:UnlistedNon-exchangeTraded2023-02-2806008724core:LandBuildings2023-03-012024-02-2806008724core:PlantMachinery2023-03-012024-02-2806008724core:Vehicles2023-03-012024-02-2806008724core:FurnitureFittings2023-03-012024-02-2806008724core:OfficeEquipment2023-03-012024-02-2806008724core:NetGoodwill2023-03-012024-02-2806008724core:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2806008724core:ListedExchangeTraded2023-03-012024-02-2806008724core:UnlistedNon-exchangeTraded2023-03-012024-02-2806008724core:MoreThanFiveYears2023-03-012024-02-2806008724core:Non-currentFinancialInstruments2024-02-2806008724core:Non-currentFinancialInstruments2023-02-2806008724dpl:CostSales2023-03-012024-02-2806008724dpl:DistributionCosts2023-03-012024-02-2806008724core:LandBuildings2023-03-012024-02-2806008724core:PlantMachinery2023-03-012024-02-2806008724core:Vehicles2023-03-012024-02-2806008724core:FurnitureFittings2023-03-012024-02-2806008724core:OfficeEquipment2023-03-012024-02-2806008724dpl:AdministrativeExpenses2023-03-012024-02-2806008724core:NetGoodwill2023-03-012024-02-2806008724core:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2806008724dpl:GroupUndertakings2023-03-012024-02-2806008724dpl:ParticipatingInterests2023-03-012024-02-2806008724dpl:GroupUndertakingscore:ListedExchangeTraded2023-03-012024-02-2806008724core:ListedExchangeTraded2023-03-012024-02-2806008724dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-03-012024-02-2806008724core:UnlistedNon-exchangeTraded2023-03-012024-02-2806008724dpl:CostSales2022-03-012023-02-2806008724dpl:DistributionCosts2022-03-012023-02-2806008724core:LandBuildings2022-03-012023-02-2806008724core:PlantMachinery2022-03-012023-02-2806008724core:Vehicles2022-03-012023-02-2806008724core:FurnitureFittings2022-03-012023-02-2806008724core:OfficeEquipment2022-03-012023-02-2806008724dpl:AdministrativeExpenses2022-03-012023-02-2806008724core:NetGoodwill2022-03-012023-02-2806008724core:IntangibleAssetsOtherThanGoodwill2022-03-012023-02-2806008724dpl:GroupUndertakings2022-03-012023-02-2806008724dpl:ParticipatingInterests2022-03-012023-02-2806008724dpl:GroupUndertakingscore:ListedExchangeTraded2022-03-012023-02-2806008724core:ListedExchangeTraded2022-03-012023-02-2806008724dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-03-012023-02-2806008724core:UnlistedNon-exchangeTraded2022-03-012023-02-2806008724core:NetGoodwill2024-02-2806008724core:IntangibleAssetsOtherThanGoodwill2024-02-2806008724core:LandBuildings2024-02-2806008724core:PlantMachinery2024-02-2806008724core:Vehicles2024-02-2806008724core:FurnitureFittings2024-02-2806008724core:OfficeEquipment2024-02-2806008724core:AfterOneYear2024-02-2806008724core:WithinOneYear2024-02-2806008724core:ListedExchangeTraded2024-02-2806008724core:UnlistedNon-exchangeTraded2024-02-2806008724core:ShareCapital2024-02-2806008724core:SharePremium2024-02-2806008724core:RevaluationReserve2024-02-2806008724core:OtherReservesSubtotal2024-02-2806008724core:RetainedEarningsAccumulatedLosses2024-02-2806008724core:NetGoodwill2023-02-2806008724core:IntangibleAssetsOtherThanGoodwill2023-02-2806008724core:LandBuildings2023-02-2806008724core:PlantMachinery2023-02-2806008724core:Vehicles2023-02-2806008724core:FurnitureFittings2023-02-2806008724core:OfficeEquipment2023-02-2806008724core:AfterOneYear2023-02-2806008724core:WithinOneYear2023-02-2806008724core:ListedExch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OZ P.M. LIMITED

Registered Number
06008724
(England and Wales)

Unaudited Financial Statements for the Period ended
28 February 2024

OZ P.M. LIMITED
Company Information
for the period from 1 March 2023 to 28 February 2024

Director

Paul O'Dea

Company Secretary

Rachel Long

Registered Address

Walker House
Market Place
Somerton
TA11 7LZ

Registered Number

06008724 (England and Wales)
OZ P.M. LIMITED
Balance Sheet as at
28 February 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3-353
-353
Current assets
Stocks46,030-
Debtors7,19167
Cash at bank and on hand17,5332
30,75469
Creditors amounts falling due within one year5(30,640)(3,441)
Net current assets (liabilities)114(3,372)
Total assets less current liabilities114(3,019)
Net assets114(3,019)
Capital and reserves
Called up share capital100100
Profit and loss account14(3,119)
Shareholders' funds114(3,019)
The financial statements were approved and authorised for issue by the Director on 15 May 2024, and are signed on its behalf by:
Paul O'Dea
Director
Registered Company No. 06008724
OZ P.M. LIMITED
Notes to the Financial Statements
for the period ended 28 February 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
2.Average number of employees

20242023
Average number of employees during the year11
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 March 232,6292,629
At 28 February 242,6292,629
Depreciation and impairment
At 01 March 232,2762,276
Charge for year353353
At 28 February 242,6292,629
Net book value
At 28 February 24--
At 28 February 23353353
4.Stocks

2024

2023

££
Work in progress6,030-
Total6,030-
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables-249
Bank borrowings and overdrafts-2,647
Taxation and social security29,6186
Accrued liabilities and deferred income1,022539
Total30,6403,441
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 net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
Paul O'Dea(2,646)99,32989,8406,843
(2,646)99,32989,8406,843
Loan was repaid within 9 months