Acorah Software Products - Accounts Production 15.0.600 false true true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 11427029 Mrs S Bateman iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11427029 2023-06-30 11427029 2024-06-30 11427029 2023-07-01 2024-06-30 11427029 frs-core:CurrentFinancialInstruments 2024-06-30 11427029 frs-core:Non-currentFinancialInstruments 2024-06-30 11427029 frs-core:ComputerEquipment 2024-06-30 11427029 frs-core:ComputerEquipment 2023-07-01 2024-06-30 11427029 frs-core:ComputerEquipment 2023-06-30 11427029 frs-core:MotorVehicles 2024-06-30 11427029 frs-core:MotorVehicles 2023-07-01 2024-06-30 11427029 frs-core:MotorVehicles 2023-06-30 11427029 frs-core:PlantMachinery 2024-06-30 11427029 frs-core:PlantMachinery 2023-07-01 2024-06-30 11427029 frs-core:PlantMachinery 2023-06-30 11427029 frs-core:ShareCapital 2024-06-30 11427029 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 11427029 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 11427029 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 11427029 frs-bus:SmallEntities 2023-07-01 2024-06-30 11427029 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 11427029 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 11427029 frs-bus:Director1 2023-07-01 2024-06-30 11427029 frs-countries:EnglandWales 2023-07-01 2024-06-30 11427029 2022-06-30 11427029 2023-06-30 11427029 2022-07-01 2023-06-30 11427029 frs-core:CurrentFinancialInstruments 2023-06-30 11427029 frs-core:Non-currentFinancialInstruments 2023-06-30 11427029 frs-core:ShareCapital 2023-06-30 11427029 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 11427029
OCS Development Projects Limited
Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11427029
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 60,272 78,571
60,272 78,571
CURRENT ASSETS
Stocks 5 940,486 214,000
Debtors 6 11,152 1,075
Cash at bank and in hand 2,835 251,944
954,473 467,019
Creditors: Amounts Falling Due Within One Year 7 (23,574 ) (16,232 )
NET CURRENT ASSETS (LIABILITIES) 930,899 450,787
TOTAL ASSETS LESS CURRENT LIABILITIES 991,171 529,358
Creditors: Amounts Falling Due After More Than One Year 8 (1,042,133 ) (520,973 )
NET (LIABILITIES)/ASSETS (50,962 ) 8,385
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account (50,963 ) 8,384
SHAREHOLDERS' FUNDS (50,962) 8,385
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For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs S Bateman
Director
29 August 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
OCS Development Projects Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11427029 . The registered office is 550 Valley Rd, Basford, Nottingham, NG5 1JJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
At 31st June 2024, the company had net liabilities of £50,962. The company is reliant on the continued support of the director. The director has confirmed her intention to support the company for at least twelve months from the date of signing the accounts.
On the above basis, the directors consider that the accounts should be prepared on a going concern basis.
2.3. Turnover
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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% reducing balance
Motor Vehicles 25% reducing balance
Computer Equipment 15% reducing balance
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 July 2023 25,137 103,939 3,768 132,844
As at 30 June 2024 25,137 103,939 3,768 132,844
Depreciation
As at 1 July 2023 13,984 38,802 1,487 54,273
Provided during the period 1,673 16,284 342 18,299
As at 30 June 2024 15,657 55,086 1,829 72,572
Net Book Value
As at 30 June 2024 9,480 48,853 1,939 60,272
As at 1 July 2023 11,153 65,137 2,281 78,571
5. Stocks
2024 2023
£ £
Stock 940,486 214,000
6. Debtors
2024 2023
£ £
Due within one year
VAT 11,152 1,075
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 11,239 3,139
Bank loans and overdrafts 9,750 9,750
Corporation tax - 943
Other taxes and social security 185 -
Accruals and deferred income 2,400 2,400
23,574 16,232
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 16,196 25,797
Directors loan account 1,025,937 495,176
1,042,133 520,973
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9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
10. Related Party Transactions
At the balance sheet date £1,025,937 (2023: £495,176) was owed to the director. The amount is unsecured, interest free and has no fixed repayment date.
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