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Company Registration No. 08608382 (England and Wales)
Ogs Cooling Limited Unaudited accounts for the year ended 31 December 2023
Ogs Cooling Limited Unaudited accounts Contents
Page
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Ogs Cooling Limited Company Information for the year ended 31 December 2023
Director
Mr D M O'Gorman
Company Number
08608382 (England and Wales)
Registered Office
Malt House Studios 4 Brook Street Bishops Waltham Southampton Hampshire SO32 1AX United Kingdom
Accountants
Meon Valley Accounting Ltd Malt House Studios 4 Brook Street Bishops Waltham Hampshire SO32 1AX
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Ogs Cooling Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
8,069 
10,759 
Current assets
Debtors
26,500 
41,801 
Cash at bank and in hand
17,945 
44,261 
44,445 
86,062 
Creditors: amounts falling due within one year
(41,560)
(72,972)
Net current assets
2,885 
13,090 
Total assets less current liabilities
10,954 
23,849 
Creditors: amounts falling due after more than one year
(8,944)
(20,289)
Provisions for liabilities
Deferred tax
(1,694)
(2,044)
Net assets
316 
1,516 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
216 
1,416 
Shareholders' funds
316 
1,516 
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 director acknowledges his 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 and authorised for issue on 23 September 2024 and were signed on its behalf by
Mr D M O'Gorman Director Company Registration No. 08608382
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Ogs Cooling Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Ogs Cooling Limited is a private company, limited by shares, registered in England and Wales, registration number 08608382. The registered office is Malt House Studios, 4 Brook Street, Bishops Waltham, Southampton, Hampshire, SO32 1AX, United Kingdom.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% reducing balance
Computer equipment
33% straight line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Ogs Cooling Limited Notes to the Accounts for the year ended 31 December 2023
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2023
25,502 
750 
26,252 
At 31 December 2023
25,502 
750 
26,252 
Depreciation
At 1 January 2023
14,743 
750 
15,493 
Charge for the year
2,690 
- 
2,690 
At 31 December 2023
17,433 
750 
18,183 
Net book value
At 31 December 2023
8,069 
- 
8,069 
At 31 December 2022
10,759 
- 
10,759 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
21,247 
37,956 
Other debtors
5,253 
3,845 
26,500 
41,801 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
6,000 
6,000 
VAT
5,863 
8,161 
Obligations under finance leases and hire purchase contracts
5,344 
5,344 
Trade creditors
196 
6,236 
Taxes and social security
20,670 
28,069 
Other creditors
2,487 
3,687 
Loans from directors
- 
13,825 
Accruals
1,000 
1,650 
41,560 
72,972 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
8,500 
14,500 
Obligations under finance leases and hire purchase contracts
444 
5,789 
8,944 
20,289 
8
Loans to directors
At the balance sheet date, the director owed the company £1,408. This was an interest free loan and was repaid within 9 months of the year end.
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Ogs Cooling Limited Notes to the Accounts for the year ended 31 December 2023
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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