Company Registration No. 10840569 (England and Wales)
O.G.I Electrical Limited
Unaudited accounts
for the year ended 31 December 2023
O.G.I Electrical Limited
Unaudited accounts
Contents
O.G.I Electrical Limited
Company Information
for the year ended 31 December 2023
Directors
Brett Ogilvie
Louise Ogilvie
Company Number
10840569 (England and Wales)
Registered Office
1 Hall Cliffe Grove
Horbury
Wakefield
WF4 6DE
Accountants
Clear Accountancy Services (Yorkshire) Ltd
10 New Street
Ossett
West Yorkshire
WF5 8BH
O.G.I Electrical Limited
Statement of financial position
as at 31 December 2023
Tangible assets
19,457
22,984
Cash at bank and in hand
51,966
9,883
Creditors: amounts falling due within one year
(31,228)
(23,538)
Net current assets
152,931
162,868
Total assets less current liabilities
172,388
185,852
Creditors: amounts falling due after more than one year
(9,245)
(15,495)
Net assets
163,143
170,357
Called up share capital
100
100
Profit and loss account
163,043
170,257
Shareholders' funds
163,143
170,357
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 March 2024 and were signed on its behalf by
Brett Ogilvie
Director
Company Registration No. 10840569
O.G.I Electrical Limited
Notes to the Accounts
for the year ended 31 December 2023
O.G.I Electrical Limited is a private company, limited by shares, registered in England and Wales, registration number 10840569. The registered office is 1 Hall Cliffe Grove, Horbury, Wakefield, WF4 6DE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 December 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2023
1,135
27,482
291
28,908
At 31 December 2023
1,135
27,482
291
28,908
At 1 January 2023
392
5,290
242
5,924
Charge for the year
149
3,329
49
3,527
At 31 December 2023
541
8,619
291
9,451
At 31 December 2023
594
18,863
-
19,457
At 31 December 2022
743
22,192
49
22,984
O.G.I Electrical Limited
Notes to the Accounts
for the year ended 31 December 2023
Amounts falling due within one year
Trade debtors
99,935
95,566
Accrued income and prepayments
232
232
Other debtors
29,504
77,619
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
6,139
6,139
Trade creditors
9,602
5,490
Taxes and social security
15,117
18,404
Loans from directors
370
(6,495)
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).