Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31true2023-01-01falseNo description of principal activity33trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07886744 2023-01-01 2023-12-31 07886744 2022-01-01 2022-12-31 07886744 2023-12-31 07886744 2022-12-31 07886744 6 2023-01-01 2023-12-31 07886744 6 2022-01-01 2022-12-31 07886744 d:Director1 2023-01-01 2023-12-31 07886744 d:Director2 2023-01-01 2023-12-31 07886744 e:Buildings 2023-01-01 2023-12-31 07886744 e:Buildings 2023-12-31 07886744 e:Buildings 2022-12-31 07886744 e:Buildings e:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07886744 e:MotorVehicles 2023-01-01 2023-12-31 07886744 e:MotorVehicles 2023-12-31 07886744 e:MotorVehicles 2022-12-31 07886744 e:MotorVehicles e:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07886744 e:FurnitureFittings 2023-01-01 2023-12-31 07886744 e:FurnitureFittings 2023-12-31 07886744 e:FurnitureFittings 2022-12-31 07886744 e:FurnitureFittings e:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07886744 e:OfficeEquipment 2023-01-01 2023-12-31 07886744 e:OfficeEquipment 2023-12-31 07886744 e:OfficeEquipment 2022-12-31 07886744 e:OfficeEquipment e:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07886744 e:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07886744 e:CurrentFinancialInstruments 2023-12-31 07886744 e:CurrentFinancialInstruments 2022-12-31 07886744 e:Non-currentFinancialInstruments 2023-12-31 07886744 e:Non-currentFinancialInstruments 2022-12-31 07886744 e:CurrentFinancialInstruments e:WithinOneYear 2023-12-31 07886744 e:CurrentFinancialInstruments e:WithinOneYear 2022-12-31 07886744 e:Non-currentFinancialInstruments e:BetweenOneTwoYears 2023-12-31 07886744 e:Non-currentFinancialInstruments e:BetweenOneTwoYears 2022-12-31 07886744 e:Non-currentFinancialInstruments e:BetweenTwoFiveYears 2023-12-31 07886744 e:Non-currentFinancialInstruments e:BetweenTwoFiveYears 2022-12-31 07886744 e:UKTax 2023-01-01 2023-12-31 07886744 e:UKTax 2022-01-01 2022-12-31 07886744 d:FRS102 2023-01-01 2023-12-31 07886744 d:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 07886744 d:FullAccounts 2023-01-01 2023-12-31 07886744 d:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07886744 e:AcceleratedTaxDepreciationDeferredTax 2023-12-31 07886744 e:AcceleratedTaxDepreciationDeferredTax 2022-12-31 07886744 2 2023-01-01 2023-12-31 07886744 e:MotorVehicles e:LeasedAssetsHeldAsLessee 2023-12-31 07886744 e:MotorVehicles e:LeasedAssetsHeldAsLessee 2022-12-31 07886744 e:LeasedAssetsHeldAsLessee 2023-12-31 07886744 e:LeasedAssetsHeldAsLessee 2022-12-31 07886744 f:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Registered number: 07886744


OGLE HOG LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 DECEMBER 2023




 
OGLE HOG LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF OGLE HOG LIMITED
FOR THE YEAR ENDED 31 DECEMBER 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ogle Hog Limited for the year ended 31 December 2023 which comprise  the Balance sheet 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 at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of Ogle Hog Limited, as a body, in accordance with the terms of our engagement letter dated 16 August 2023Our work has been undertaken solely to prepare for your approval the financial statements of Ogle Hog Limited and state those matters that we have agreed to state to the Board of directors of Ogle Hog Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ogle Hog Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Ogle Hog 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 Ogle Hog Limited. You consider that Ogle Hog Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Ogle Hog 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.

  






CWM
 
Chartered Accountants
  
1a High Street
Epsom
Surrey
KT19 8DA
2 August 2024
Page 1

 
OGLE HOG LIMITED
REGISTERED NUMBER: 07886744

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
£
£


Fixed assets
543,001
549,711

Current assets
832,398
394,229

Creditors: amounts falling due within one year
(1,026,079)
(467,018)

Net current liabilities
 
 
(193,681)
 
 
(72,789)

Total assets less current liabilities
349,320
476,922

Creditors: amounts falling due after more than one year
(254,098)
(312,173)

Provisions for liabilities

Deferred taxation
(28,099)
(19,698)

 
 
(28,099)
 
 
(19,698)

Net assets
67,123
145,051



Capital and reserves
67,123
145,051


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 2 August 2024.







C J Saunders
G R Harris
Director
Director

Page 2

 
OGLE HOG LIMITED
REGISTERED NUMBER: 07886744
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The notes on pages 4 to 14 form part of these financial statements.

Page 3

 
OGLE HOG LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.Accounting policies

 
1.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
1.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
1.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
1.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 4

 
OGLE HOG LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.Accounting policies (continued)

 
1.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
1.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
1.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
1.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 5

 
OGLE HOG LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.Accounting policies (continued)


1.8
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as set out below.

Depreciation is provided on the following basis:

Freehold property
-
2%
straight line basis
Motor vehicles
-
25%
reducing balance basis
Fixtures and fittings
-
10%
straight line basis
Office equipment
-
20%
straight line basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
1.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
1.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
1.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
1.12

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 6

 
OGLE HOG LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.Accounting policies (continued)

 
1.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


2.


General information

The company is a private limited company, having a share capital, registered in England and Wales, company registration number 07886744. The registered office is situated at 1a High Street, Epsom, Surrey KT19 8DA.
The company's principal activity is that of broadcast and event video specialists.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 3).


4.


Taxation


2023
2022
£
£

Corporation tax


Current tax on profits for the year
50,628
37,323


50,628
37,323


Total current tax
50,628
37,323

Deferred tax


Origination and reversal of timing differences
8,401
(7,612)

Total deferred tax
8,401
(7,612)


Taxation on profit on ordinary activities
59,029
29,711
Page 7

 
OGLE HOG LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
 
4.Taxation (continued)


Factors affecting tax charge for the year

The tax assessed for the year is lower than (2022 - higher than) the standard rate of corporation tax in the UK of 25% (2022 - 19%). The differences are explained below:

2023
2022
£
£


Profit on ordinary activities before tax
210,101
156,286


Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2022 - 19%)
52,525
29,694

Effects of:


Expenses not deductible for tax purposes, other than goodwill amortisation and impairment
31
17

Capital allowances for year in excess of depreciation
1,647
7,612

Short term timing difference leading to an increase (decrease) in taxation
8,401
(7,612)

Other differences leading to an increase (decrease) in the tax charge
(3,208)
-

Marginal relief
(367)
-

Total tax charge for the year
59,029
29,711


Factors that may affect future tax charges

There were no factors that may affect future tax charges.

Page 8

 
OGLE HOG LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Tangible fixed assets





Freehold property
Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 January 2023
524,866
121,018
27,818
317,982
991,684


Additions
-
36,500
2,884
4,517
43,901



At 31 December 2023

524,866
157,518
30,702
322,499
1,035,585



Depreciation


At 1 January 2023
49,566
100,725
11,129
280,552
441,972


Charge for the year on owned assets
8,497
14,198
3,070
24,846
50,611



At 31 December 2023

58,063
114,923
14,199
305,398
492,583



Net book value



At 31 December 2023
466,803
42,595
16,503
17,101
543,002



At 31 December 2022
475,300
20,293
16,689
37,430
549,712

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2023
2022
£
£



Motor vehicles
-
14,754

-
14,754

Page 9

 
OGLE HOG LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Debtors

2023
2022
£
£


Trade debtors
453,962
111,091

Other debtors
-
9,272

Prepayments and accrued income
3,091
430

457,053
120,793



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
375,345
273,436

375,345
273,436


Page 10

 
OGLE HOG LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
50,793
50,463

Trade creditors
177,835
290,833

Corporation tax
50,797
37,323

Other taxation and social security
154,945
45,977

Obligations under finance lease and hire purchase contracts
-
8,804

Other creditors
60,192
32,168

Accruals and deferred income
531,517
1,450

1,026,079
467,018


The following liabilities were secured:

2023
2022
£
£



Bank loans
15,793
24,264

15,793
24,264

Details of security provided:

Bank loans are secured on the company's freehold property.  Obligations under finance lease and hire purchase contracts are secured on the motor vehicle to which it relates.

Page 11

 
OGLE HOG LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
254,098
310,531

Net obligations under finance leases and hire purchase contracts
-
1,642

254,098
312,173


The following liabilities were secured:

2023
2022
£
£



Bank loans
169,515
192,589

169,515
192,589

Details of security provided:

Bank loans are secured on the company's freehold property.  Obligations under finance lease and hire purchase contracts are secured on the motor vehicle to which it relates.

Page 12

 
OGLE HOG LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

10.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
50,793
50,463


50,793
50,463

Amounts falling due 1-2 years

Bank loans
51,128
50,793


51,128
50,793

Amounts falling due 2-5 years

Bank loans
202,970
259,738


202,970
259,738


304,891
360,994



11.


Deferred taxation




2023


£






At beginning of year
(19,698)


Charged to profit or loss
(8,401)



At end of year
(28,099)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(28,099)
(19,698)

(28,099)
(19,698)

Page 13

 
OGLE HOG LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

12.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £40,600 (2022 - £598) . 


13.


Related party transactions

During the year the company paid dividends amounting to £229,000 (2022 - £195,000) to the directors Mr C J Saunders and Mrs G R Harris.
Included in other creditors is an amount of £29,507 - (2022 - £31,884) due to Gillian Gladrag Limited, a company in which Mrs G R Harris has a material interest.

 
Page 14